Notice to Shareholders for transfer of Equity Shares to the Demat account of the IEPF Authority.
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Nicco Parks & Resorts has published a newspaper notice (in Business Standard and Ekdin on September 11, 2025) informing shareholders about the proposed transfer of equity shares to the IEPF Authority. This action applies to shareholders who have not claimed their dividends for the last seven consecutive years, as required under Section 124(6) of the Companies Act, 2013 and IEPF Rules, 2016. Shareholders have until December 10, 2025, to submit their claims or the shares will be moved to the IEPF Authority's demat account without further notice. Once transferred, shareholders can only reclaim the shares and dividend amount from the IEPF Authority by following the prescribed procedure.
This is a routine regulatory compliance notice and not a material corporate action. Shareholders with unclaimed dividends from Nicco Parks for seven or more years should claim their dividends by December 10, 2025, to avoid having their shares transferred to the IEPF Authority, where recovery becomes more cumbersome.