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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lakshmi Electrical Control Systems Ltd has published notices in newspapers (Financial Express and Dinamalar) informing shareholders about the mandatory transfer of shares to Investor Education and Protection Fund (IEPF) Authority. This applies to shares where dividends have remained unclaimed for 7 consecutive years from 2018-19 onwards. The company has already sent individual notices to affected shareholders at their latest available addresses. Details of the affected shareholders including names, folio numbers, demat account numbers, and number of shares due for transfer are available on the company website. Shareholders can claim their unclaimed dividends by contacting the Registrar MUFG Intime India Pvt Ltd. After transfer to IEPF, shareholders must apply directly to IEPF Authority using Form IEPF-5 to reclaim their shares.
This is a routine regulatory compliance filing with negligible direct impact on stock price. It may result in minor reduction of public shareholding for affected shareholders who fail to claim dividends.