Maharashtra Seamless Limited has informed the Exchange about Copy of Newspaper Publication and Intimation regarding Notice given to shareholders regarding transfer of equity shares to IEPF.
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Maharashtra Seamless Limited has informed the stock exchanges about a notice published in 'Financial Express' (English) and 'Mumbai Lakshdeep' (Marathi) on 11th June 2025. The notice is issued under Section 124(6) of the Companies Act, 2013 and Rule 6 of the IEPF Authority Rules, 2016. Individual notices have been sent to shareholders who have not claimed dividends for the last seven consecutive years, informing them that their equity shares are liable to be transferred to the IEPF Authority during FY 2025-26. The company has requested shareholders to claim their dividends or update their details to prevent the transfer. The intimation is filed under Regulation 30 of SEBI (LODR) Regulations, 2015.
This is a routine regulatory compliance announcement and not expected to impact the stock price. Shareholders who have not claimed dividends for seven or more consecutive years should act quickly to claim their dividends or risk having their shares permanently transferred to the IEPF Authority.