Announced Wed, 17 Jun · 16:01 IST
Magellanic Cloud publishes IEPF share transfer notice for unclaimed dividends
Compliance View source PDF
MCLOUD · price
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Price reaction · full curve 14 horizons · vs prior close
+5.5%1-day move
₹27.88
prior close
₹27.80
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.4-2.4+0.5+0.9+5.5+3.8+0.6+0.1-3.0+9.6+5.7+2.8——
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AI summary
Magellanic Cloud has published a newspaper notice in Business Standard and Mana Telangana about transferring equity shares to the Investor Education and Protection Fund (IEPF) Account. Shares of shareholders who have not claimed dividends for seven consecutive years, starting from interim dividend of FY 2017-18 onwards, will be moved to IEPF. Shareholders can submit documents to the RTA (Niche Technologies) to claim shares and unpaid dividends before the transfer.
Likely market impact
Shareholders with unclaimed dividends from FY 2017-18 must act now to claim shares before IEPF transfer; after transfer, no claim lies against the company.