Newspaper Advertisement for Transfer of Equity Shares to Investor Education and Protection Fund Authority
Awaiting price reaction for this filing.
Kalpataru Projects International Limited has published newspaper notices (in Economic Times and Jai Hind) informing shareholders about the upcoming transfer of equity shares to the IEPF Authority. Under IEPF Rules, shares belonging to shareholders who have not claimed dividends for seven consecutive years or more will be transferred to the IEPF Authority. The company has already transferred shares relating to FY 2016-17 and earlier. The current notice covers shares due for transfer during FY 2025-26, including those of the erstwhile JMC Projects (India) Limited, which was amalgamated with the company. Shareholders must respond by 8th September 2025 (KPIL) or 9th September 2025 (JMC Projects) to prevent transfer. After the deadline, shares will be dematerialised and moved to IEPF, though shareholders can later claim them back from the IEPF Authority.
This is a routine regulatory compliance announcement and does not affect the company's financials or operations. Shareholders who have not claimed dividends for 7+ years risk losing their shares to the IEPF Authority, but can reclaim them later by following the prescribed process. No impact on share price is expected.