LMW Limited has informed the Exchange about the copies of the newspaper advertisement published by the Company regarding Transfer of Equity Shares to IEPF Authority.
LMW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LMW Limited has published notices in newspapers as required by Indian company law. The notices inform shareholders that the company is preparing to transfer certain equity shares to the Investor Education and Protection Fund (IEPF) Authority. Shares get moved to IEPF when shareholders have not claimed dividends or responded to the company for several consecutive years (usually seven years). This is a standard regulatory step mandated under the Companies Act, 2013, and is not related to any new business event. Shareholders whose names appear in the notice can still claim their shares back by following the prescribed procedure before the actual transfer takes place.
This is a routine compliance filing and typically has no direct effect on the stock price. However, shareholders who have not engaged with the company for a long time should check the notice carefully to avoid losing their shares to IEPF.