Orient Cement Limited has informed the Exchange about Copy of Newspaper Publication to shareholders for compulsory transfer of equity shares to IEPF Account
ORIENTCEM · price
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Orient Cement has published a notice in newspapers informing shareholders that their equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority. Under Indian company law, shares belonging to shareholders who have not claimed dividends for seven or more consecutive years are moved to the IEPF. The notice gives shareholders a final opportunity to claim their unpaid dividends and update their details before the transfer takes place. Shareholders whose shares are at risk would have already received individual letters from the company.
This is a routine regulatory compliance notice and not a material event for the stock. Shareholders who haven't claimed dividends since 2017 or earlier should act quickly by contacting the company's Registrar (Bigshare Services) to prevent transfer of their shares to IEPF.