Newspapers notices w.r.t. the proposed transfer of shares to the IEPF
NIRLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nirlon Ltd has published newspaper advertisements (in Business Standard English and Navakal Marathi on May 7, 2025) informing shareholders about the proposed transfer of their equity shares to the Investor Education and Protection Fund (IEPF). This applies to shareholders who have not claimed dividends for seven consecutive years, starting from FY 2017-18. The company has already sent individual notices via Speed Post on May 5, 2025 to the concerned shareholders. Affected shareholders have until October 30, 2025 to claim their dividends; otherwise, shares will be transferred to IEPF and all corporate actions (including voting rights) on those shares will be frozen. Shareholders can still reclaim their shares from IEPF later by following the procedure on the IEPF website.
This is a routine regulatory compliance announcement and does not affect the company's operations or financials. Shareholders with unclaimed dividends since FY 2017-18 should act before October 30, 2025 to avoid having their shares transferred to the government-run IEPF, which could complicate future recovery of those shares.