NELCO Limited has informed the Exchange regarding 'Reminder Letter to shareholders for claiming unclaimed dividends'.
NELCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NELCO Limited has submitted to the exchanges a copy of reminder letters sent to shareholders who have not claimed their dividends for seven or more consecutive years. The specific dividend in question is the final dividend for the financial year ended March 31, 2019, which has remained unpaid. Shareholders have been asked to claim the amount on or before August 11, 2026, by submitting the required forms and documents to the company's Registrar and Transfer Agent, MUFG Intime India Private Limited. If unclaimed by the deadline, the company will transfer the corresponding shares to the Investor Education and Protection Fund (IEPF) Authority's demat account, as mandated under Section 124(6) of the Companies Act, 2013. Once transferred, shares will be deemed cancelled (in physical form) or debited from the shareholder's demat account, and no claim will lie against the company thereafter.
This is a routine regulatory compliance filing with no impact on the stock price or business fundamentals. It is relevant only to specific shareholders with unclaimed dividends from FY2019, warning them that their shares will be transferred to the IEPF if they fail to act before the August 11, 2026 deadline.