Intimation to shareholders for transfer of unpaid/unclaimed Dividend for the financial year 2017-18 and the underlying equity shares to IEPF.
LUMAXIND · price
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Lumax Industries Limited has notified shareholders that unclaimed dividends from FY 2017-18 (declared on 18-07-2018) along with the corresponding equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority if not claimed by August 22, 2025. The reminder letters, dispatched on May 19, 2025, are addressed to shareholders who have not claimed dividends for seven consecutive years — covering FY 2017-18 through FY 2023-24. Under Section 124(6) of the Companies Act, 2013, shares linked to consecutively unclaimed dividends for seven or more years must be moved to IEPF. Shareholders are required to submit documents such as a Letter of Undertaking, Indemnity Bond, PAN/address proof, and ISR forms to the company or its RTA (KFin Technologies) before the August 22, 2025 deadline. Once transferred, shares can still be reclaimed by filing Form IEPF-5 with the IEPF Authority.
This is a routine regulatory compliance filing under SEBI LODR Regulations and does not have any direct material impact on the company's operations or stock price. Shareholders who have unclaimed dividends from FY 2017-18 must act before August 22, 2025 to avoid losing their shares to the IEPF, though they can still reclaim them later via Form IEPF-5.