Meghmani Organics Limited has informed the Exchange regarding 'Notice to Shareholders for transfer of unclaimed dividend and shares to the Investor Education and Protection Fund (IEPF) Account'.
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Meghmani Organics has informed the exchange that it has issued a notice to shareholders regarding the transfer of unclaimed dividends and corresponding shares to the Investor Education and Protection Fund (IEPF) Authority. Under the Companies Act and SEBI rules, dividends unclaimed for 7 consecutive years and the related shares are required to be transferred to the IEPF. The notice allows eligible shareholders to submit their claims to the company's Registrar and Transfer Agent before the specified cutoff date to prevent the transfer. After the transfer, shares can still be reclaimed from the IEPF by following a separate claim process, but it involves additional paperwork and time.
This is a routine regulatory compliance announcement and is not material to the stock price. Shareholders with unclaimed dividends or old share certificates in physical form should act promptly to file their claim with the company's RTA to avoid their holdings moving to the IEPF.