We enclose herewith the copies of the newspaper advertisement published by the Company regarding the transfer of Equity Shares of the Company to IEPF.
LMW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
LMW Ltd has published a newspaper notice informing shareholders about the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. Under IEPF rules, shares where dividends have remained unclaimed for 7 consecutive years must be transferred to IEPF. The company states it has already communicated individually with affected shareholders at their registered addresses and uploaded their details on the company website. Shareholders holding shares in physical form will receive duplicate share certificates for dematerialization before transfer to IEPF, while demat shareholders will have shares transferred via NSDL/CDSL through corporate action. If no response is received from concerned shareholders before August, the company will proceed with the transfer as per IEPF rules. Shareholders can claim back both unclaimed dividends and shares from IEPF Authority by following the prescribed procedure.
This is a routine regulatory compliance notice with no direct impact on the company's financial performance or stock price. However, affected shareholders risk losing voting rights and dividend benefits until they claim their shares from IEPF.