Filed Progress Report with IEPFA on 100 Days Campaign Titled "Saksham Niveshak"
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Awaiting price reaction for this filing.
Machino Plastics has submitted its progress report to IEPFA (Investor Education and Protection Fund Authority) under the 'Saksham Niveshak' 100 Days Campaign, which ran from 28 July 2025 to 6 November 2025. The campaign aimed to help shareholders update their KYC details to avoid their unclaimed dividends or shares being transferred to the IEPF. Out of 668 shareholders with unclaimed dividends or shares due for IEPF transfer, only 12 have fully updated their records — 156 provided PAN details, 142 updated bank account details, and 27 provided nominee information. The company reached shareholders via website banners, newspaper advertisements (Business Standard), and physical letters. The campaign has been marked as completed with only 7 shareholder inquiries received during the period.
This is a routine regulatory compliance filing — no material impact on stock price or shareholder value. However, shareholders with unclaimed dividends (especially the 656 who have not updated KYC) risk having their shares/dividends transferred to the IEPF, from which recovery is a lengthy process.