Intimation of publication of Notice pursuant to Rule 6(3) of IEPF Rules, 2016
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Awaiting price reaction for this filing.
Mukesh Babu Financial Services has published a newspaper notice (Free Press Journal in English and Navshakti in Marathi) and sent individual letters to shareholders warning that their equity shares will be transferred to the Investor Education and Protection Fund (IEPF) if they have not claimed dividends for seven consecutive years (FY2017-18 through FY2023-24). Shareholders have until November 3, 2025 to claim their unpaid dividends by submitting KYC documents to the Registrar (MUFG Intime India Pvt Ltd). If shareholders fail to act by the deadline, the company will issue duplicate share certificates in lieu of originals (for physical shares) or debit shares from demat accounts (for electronic holdings) and transfer them to the IEPF Suspense Account, after which the original certificates will stand cancelled. Even after transfer, shareholders can reclaim their shares by filing IEPF-5 form with the IEPF Authority. Full details of affected shareholders have been uploaded on the company's website at www.mbfsl.com.
This is a routine regulatory compliance filing and is unlikely to impact the stock price. Shareholders who have unclaimed dividends for seven or more years should take immediate action before November 3, 2025 to avoid losing their shares to the IEPF.