Announced Thu, 18 Jun · 16:35 IST
Newspaper notice on transfer of shares to IEPF Authority
Compliance View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.0%1-day move
₹1099.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.0-4.5-2.2-0.5-2.6+2.1+11.5+6.5——
Up moveDown movePending
AI summary
Magna Electro Castings has published a newspaper notice regarding the upcoming transfer of equity shares to the IEPF Authority. Shares of shareholders who have not claimed dividends or related amounts for seven or more consecutive years are liable to be transferred. The notice serves as a final reminder, urging shareholders to update records and claim pending dividends before the transfer happens.
Likely market impact
Shareholders with unclaimed dividends for 7+ years risk losing their shares to IEPF. They should act quickly to claim dues and stop the transfer.