Publication of Notice for attention of the shareholders of the Company in respect of transfer of shares to the Investor Education and Protection Fund
NAVINFLUOR · price
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Navin Fluorine International has published a notice addressed to its shareholders informing them about the upcoming transfer of certain shares to the Investor Education and Protection Fund (IEPF). This action is being taken in line with the Companies Act, 2013, under which shares of shareholders who have not claimed dividends for seven or more consecutive years must be transferred to the IEPF. The notice is meant to alert those shareholders so they can take action before the transfer happens. Shareholders who believe their shares may be affected are advised to contact the company or its Registrar and Transfer Agent to update their KYC details and claim pending dividends. Once transferred, shareholders can still reclaim their shares from IEPF by following the prescribed process, but it involves additional paperwork and time.
This is a routine regulatory compliance announcement with no direct impact on the stock price or business operations. Shareholders who have not claimed dividends for 7+ years should act promptly to avoid having their shares transferred to IEPF.