Newspaper Advertisement regarding notice to Shareholders for transfer of equity to IEPF
Awaiting price reaction for this filing.
Ushdev International Ltd, currently under liquidation, has published newspaper advertisements in Business Standard (English) and Mumbai Lakshadeep (Marathi) on March 7, 2026. The notice informs shareholders that unclaimed dividends and corresponding equity shares for financial years 2009-10 through 2015-16 (where dividends remained unclaimed for seven or more consecutive years) will be transferred to the Investor Education and Protection Fund (IEPF) on March 31, 2026. Individual notices and reminder letters have already been sent to the affected shareholders, and the full list is also available on the company's website under the investor relations section. Shareholders holding physical shares will have duplicate share certificates issued in the IEPF's name, with the original certificates automatically cancelled. The action is taken under Section 124(6) of the Companies Act, 2013, read with the IEPF Authority Rules, 2016.
Shareholders who have not encashed their dividends for FY 2009-10 to 2015-16 must act before March 31, 2026, or permanently lose both their unclaimed dividends and underlying shares to the IEPF. Given that the company is already under liquidation, this is likely the last realistic window for shareholders to recover their holdings, and no claims will be entertained against the company once the transfer is completed.