Mahanagar Gas Limited has informed the Exchange about Copy of Newspaper Publication
MGL · price
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Awaiting price reaction for this filing.
Mahanagar Gas Limited has published a notice in the Financial Express (English) and Loksatta (Marathi) on July 3, 2025, informing shareholders about the upcoming transfer of equity shares and unpaid/unclaimed final dividend for FY 2017-18 to the Investor Education and Protection Fund (IEPF) Authority. This action is being taken under Section 124(6) of the Companies Act, 2013, read with the IEPF Authority Rules, 2016. Shareholders whose dividends have remained unclaimed for seven years (from FY 2017-18) face transfer of both the unclaimed dividend and the corresponding shares to the IEPF. The filing was made to BSE (Scrip Code: 539957) and NSE (Symbol: MGL) under Regulation 30 and 47 of SEBI's Listing Obligations and Disclosure Requirements. Shareholders are advised to claim their dividends and update their records before the transfer date to avoid losing their shares.
This is a routine regulatory compliance filing with no direct impact on the stock price. Shareholders with unclaimed dividends from FY 2017-18 should act quickly to claim their dues and prevent the transfer of their equity shares to the IEPF Authority, after which reclaiming them becomes a more cumbersome process.