Pursuant to the circular issued by IEPF Authority dated 16th July, 2025, the company has sent letters to the shareholders whose shares and dividend is unclaimed or unpaid or whose KYC is not updated.
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Metal Coatings (India) Ltd has sent letters to shareholders whose dividends or shares remain unclaimed/unpaid, or whose KYC details are not updated, in line with a circular from the Investor Education and Protection Fund Authority (IEPFA) dated 16 July 2025. This is part of IEPFA's 100-day 'Saksham Niveshak' campaign aimed at helping investors recover unpaid dividends before they are transferred to the IEPF. The letter specifically references unclaimed final dividends for FY2017-18 and FY2018-19. Shareholders have been asked to submit an undertaking to the company's registrar (MUFG Intime India) to claim their dividends, or update their KYC/bank details to avoid future dividends and shares being moved to the IEPF after the mandatory 7-year period.
This is a routine regulatory compliance intimation with no direct impact on the company's financials or stock price. Shareholders who have unclaimed dividends from FY2017-18 or FY2018-19 should act quickly to claim them, or those unclaimed amounts and underlying shares will be transferred to the IEPF after 7 years as per law.