Omaxe Limited has informed the Exchange about Copies of Newspaper Publications w.r.t. Transfer of Equity Shares and Dividend to Investor Education and Protection Fund (IEPF) Authority.
OMAXE · price
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Omaxe Limited has submitted copies of newspaper advertisements published in connection with the transfer of certain equity shares and unpaid/unclaimed dividends to the Investor Education and Protection Fund (IEPF) Authority. This is a mandatory compliance requirement under Indian company law for shares where dividends have remained unclaimed for seven or more consecutive years. The notice gives shareholders a final opportunity to claim their shares and dividends before they are moved permanently to the IEPF.
No direct impact on the stock price. Shareholders who have not claimed their dividends for 7+ years should act quickly and contact the company or its Registrar to recover their shares before the transfer is completed.