Newspaper publication for Notice related to Transfer of Equity Shares of the Company to the IEPF Authority
Awaiting price reaction for this filing.
Vinati Organics Limited has published a notice in Free Press Journal (English) and Navshakti (Marathi) on May 1, 2025, informing shareholders about the upcoming transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. As per Section 124(6) of the Companies Act, 2013, shares for which dividends have remained unclaimed for seven consecutive years are liable to be transferred to the IEPF. Specifically, the unclaimed dividend declared for FY 2017-18, along with the corresponding shares, will be transferred if not claimed by July 31, 2025. The company has already sent individual communications to affected shareholders at their registered addresses, and the full list of such shareholders (with folio/DP ID details) is available on www.vinatiorganics.com. Shareholders holding physical shares will receive duplicate share certificates for dematerialization before transfer. Once transferred, shares can only be reclaimed from the IEPF Authority by following the procedure at www.iepf.gov.in.
This is a routine regulatory compliance announcement with no direct impact on the stock price. Shareholders who have not claimed dividends since FY 2017-18 must act before July 31, 2025, to avoid losing their shares to the IEPF Authority, after which recovery becomes a more cumbersome process through government channels.