The Company issued a letter on June 12, 2025 to those shareholders whose unpaid /unclaimed dividend due for transfer to the IEPF in the F.Y. 2025-26 & 2026-27 as per the MCA advisory
NIRLON · price
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Nirlon Limited has sent letters to shareholders on June 12, 2025, informing them that their unpaid or unclaimed dividends for FY 2017-18 and FY 2018-19 are due for transfer to the Investor Education and Protection Fund (IEPF). This action follows an advisory from the Ministry of Corporate Affairs (MCA) dated April 29, 2025, regarding a 'Niveshak Shivir' initiative to help shareholders claim their dues directly. Shareholders must claim dividends for FY 2017-18 by October 30, 2025 (transfer to IEPF on November 28, 2025) and for FY 2018-19 by October 6, 2026 (transfer to IEPF on November 4, 2026). After 7 years of unclaimed dividends, the underlying shares will also be transferred to IEPF. Shareholders are asked to contact the company's registrar MUFG Intime India or the company at share@nirlonltd.com with required KYC documents.
This is a routine regulatory compliance communication and is not expected to materially impact the stock price. However, shareholders holding unclaimed dividends for these fiscal years should act promptly before the deadlines to avoid losing both the dividend amount and the underlying shares to the IEPF.