Minda Corporation Limited has informed the Exchange regarding 'Newspaper Clippings for Transfer of Equity Shares of the Company to the Investor Education and Protection Fund (IEPF) Account '.
MINDACORP · price
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Awaiting price reaction for this filing.
Minda Corporation has published newspaper clippings to notify shareholders about the upcoming transfer of certain equity shares to the IEPF Account. Under Indian regulations, shares belonging to shareholders who have not claimed dividends for seven consecutive years or more are required to be transferred to the IEPF. This is a standard regulatory disclosure and compliance requirement, alerting affected shareholders to take action before the transfer date. Shareholders can reclaim their shares from IEPF by following the prescribed process once the transfer is completed.
This is a routine compliance notice and is unlikely to affect the stock price. Shareholders who have unclaimed dividends for 7+ years should act promptly to prevent their shares from being transferred to IEPF.