Minda Corporation Limited has informed the Exchange regarding 'Notice for transfer of Equity Shares of the Company to the Investor Education and Protection Fund (IEPF) Account'.
MINDACORP · price
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Minda Corporation has issued a regulatory notice informing shareholders about the upcoming transfer of certain equity shares to the IEPF Account. As per the Companies Act, 2013, shares of shareholders who have not claimed their dividends for seven or more consecutive years are required to be transferred to the IEPF, a government-administered fund. This is a routine annual compliance action and does not involve any new corporate decision or change in business operations. The company will publish the list of affected shareholders in newspapers and on its website. Shareholders whose shares are being transferred can still reclaim them by filing an application with the IEPF Authority along with proper documentation.
No material impact on the company's financials or stock price — this is a standard regulatory procedure. Shareholders who have not claimed dividends for 7+ years should check the company's website for their name in the notice and take timely action to avoid losing ownership of their shares.