Newspaper Advertisement regarding public notice of transfer of equity shares of the Company to the Investor Education and Protection Fund.
Awaiting price reaction for this filing.
Grasim Industries has published newspaper advertisements notifying shareholders that equity shares corresponding to dividends unclaimed for seven consecutive years will be transferred to the IEPF as required under Section 124(6) of the Companies Act, 2013 and the IEPF Rules, 2016. The Company has already sent individual communications to affected shareholders at their registered addresses, giving them until 30th September 2025 to claim their unclaimed dividends. Full details of affected shareholders, including folio/DP ID details and unclaimed amounts, have been uploaded on Grasim's website under the 'investors/unpaid-and-unclaimed-dividend-lepf' section. If no claim is received by the deadline, physical shares will be reissued in IEPF's name (old certificates cancelled) and demat shares will be transferred directly through a corporate action. Affected shareholders can later reclaim shares from IEPF by filing Web Form IEPF-5 on the MCA portal, with KFin Technologies acting as the Registrar.
This is a routine regulatory compliance filing and has no material impact on the stock price or the broader shareholder base. Only shareholders who have not claimed dividends for seven consecutive years are affected, and they have until 30 September 2025 to act before shares are transferred to the IEPF.