Monte Carlo Fashions Limited has informed the Exchange about Copy of Newspaper Publication
MONTECARLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Monte Carlo Fashions has submitted to NSE and BSE copies of newspaper advertisements published on July 23, 2025 in Business Standard (English) and Desh Sewak (Punjabi) regarding the transfer of equity shares to the IEPF. Under Section 124(6) of the Companies Act, 2013 and the IEPF Rules, 2016, shares whose dividends have remained unclaimed for seven or more consecutive years must be moved to the IEPF Authority's demat account. The company has already written individually to affected shareholders at their registered addresses and uploaded their details on its website (www.montecarlocorporate.com). Concerned shareholders have until September 30, 2025 to claim their unpaid dividends, after which the company will initiate the share transfer process. The filing was made under Regulation 47 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a routine regulatory compliance filing and does not directly affect the company's operations or earnings. Shareholders who have not claimed dividends for seven or more years should act quickly to avoid having their shares transferred to the IEPF, from where recovery is more cumbersome. There is no material impact expected on the stock price.