Maithan Alloys Limited has informed the Exchange about copy of Newspaper Publication regarding prior intimation for transfer of shares to the Investor Education and Protection Fund.
MAITHANALL · price
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Maithan Alloys has published a notice in newspapers informing shareholders about the upcoming transfer of certain shares to the Investor Education and Protection Fund (IEPF). Shares are typically moved to the IEPF when dividends on them have gone unclaimed by the shareholder for seven or more consecutive years, as required under the Companies Act, 2013. This is a prior intimation, meaning the shares have not yet been transferred and shareholders still have time to act. Shareholders who believe their shares fall in this category should update their contact details with the company or its registrar and file a claim before the transfer takes place. Once transferred, shares can still be reclaimed from the IEPF by submitting the required application, but the process becomes longer.
This is a routine compliance filing and does not signal any change in business performance or outlook, so it is unlikely to affect the stock price. Investors who have not claimed dividends for a long time should check whether their shares are on the transfer list and take timely action to avoid losing ownership.