Nitin Spinners Limited has informed the Exchange about Copy of Newspaper Publication
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Nitin Spinners has informed the exchanges about a newspaper notice published on July 16, 2025, warning equity shareholders about the upcoming transfer of their shares to the Investor Education and Protection Fund (IEPF) Authority. The notice appeared in Business Standard (English, all editions) and Pratahkal (Hindi, Udaipur edition). This is a mandatory disclosure under Section 124(6) of the Companies Act, 2013, which requires companies to transfer shares of shareholders who have not claimed dividends for seven or more consecutive years to the IEPF. The filing is made in line with SEBI's listing regulations (Regulation 30 and 47).
This is a standard regulatory compliance update and not a material business event. Shareholders with unclaimed dividends for 7+ years should act promptly to update their details and claim their shares before they are transferred to the IEPF Authority, where claiming becomes a longer and more cumbersome process.