Newspaper cutting in respect of notice of transfer of unclaimed/unpaid dividend and corresponding Equity shares to IEPF wherein dividend has not been claimed for seven consecutive years
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Awaiting price reaction for this filing.
Martin Burn Ltd has published a newspaper notice informing shareholders that unclaimed dividends and the corresponding equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority. As per Section 124(5) and 124(6) of the Companies Act, 2013 and the IEPF Rules, 2016, dividends not claimed for seven consecutive years are eligible for transfer. The notice is being published in compliance with SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025. Shareholders who have not claimed their dividends for seven or more years are urged to do so immediately. Affected shareholders can file Form IEPF-5 on www.iepf.gov.in to claim back their shares even after transfer.
This is a routine regulatory filing. Shareholders who have not claimed dividends for 7+ years risk losing their shares to the IEPF and should act quickly to claim them. No direct impact on share price, but it serves as an important reminder for inactive shareholders to verify their holdings.