MPS Limited has informed the Exchange about Copy of Newspaper Publication regarding Transfer of Unpaid/Unclaimed Final Dividend for the Financial Year 2017-18 along with underlying Equity Shares on the same to IEPF.
MPSLTD · price
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Awaiting price reaction for this filing.
MPS Limited has published a notice in newspapers informing shareholders about the upcoming transfer of unpaid and unclaimed final dividend for the financial year 2017-18 to the Investor Education and Protection Fund (IEPF). Along with the unclaimed dividend amounts, the underlying equity shares of shareholders who have not claimed their dividends will also be transferred to IEPF. This is a mandatory compliance requirement under the Companies Act, 2013, giving shareholders a final opportunity to claim their pending dividend before the transfer takes place. Shareholders who have not encashed their FY 2017-18 dividend are advised to contact the company's Registrar and Transfer Agent immediately.
This is a routine regulatory filing and not a material corporate event, so it is unlikely to have any direct impact on the stock price. However, shareholders who have not claimed their FY 2017-18 dividend risk losing both the dividend amount and their underlying shares to the IEPF if they do not act promptly.