MAHSEAMLESBSEMaharashtra Seamless LtdMinimalNeutral
Announced Mon, 11 May · 10:12 IST

Notice to shareholders published in newspaper regarding transfer of equity shares to IEPF

MAHSEAMLES · price

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▲ 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
-1.7%1-day move
₹655.00
prior close
₹648.65
base price
In-mkt
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AI summary

Maharashtra Seamless Ltd has published newspaper notices informing shareholders that equity shares with unclaimed dividends for 7 consecutive years will be transferred to the Investor Education and Protection Fund (IEPF) Authority. The company sent individual communications to affected shareholders whose shares are liable for transfer during FY 2026-27. The final dividend for FY 2018-19, declared on July 13, 2019, remains unclaimed and will result in share transfer if not claimed by August 12, 2026. Shareholders must submit claims to Kfin Technologies (RTA) by October 15, 2026 to prevent transfer. Details of affected shareholders and shares are available on the company's website at www.jindal.com.

Likely market impact

Shareholders who have not claimed dividends from FY 2018-19 onwards risk losing their shares to IEPF. After transfer, shares can only be reclaimed by following the IEPF recovery procedure. This is a routine compliance filing that may reduce the company's public shareholding count if significant volumes are transferred.