Orient Cement Limited has informed the Exchange about Copy of Newspaper Publication - Notice to Shareholders for compulsory transfer of Equity Shares to IEPF Account.
ORIENTCEM · price
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Orient Cement Limited has published a newspaper notice in Business Standard (English, all India edition) and Pratidin (Odia edition) on June 25, 2025, informing shareholders about the upcoming compulsory transfer of equity shares to the IEPF Account. Under Section 124(6) of the Companies Act, 2013, shares belonging to shareholders who have not claimed dividends for seven or more consecutive years will be transferred. Shareholders have until September 10, 2025 to communicate with the company, after which shares will be moved to the IEPF Authority by October 24, 2025. Both unclaimed dividends and transferred shares can be claimed back from the IEPF Authority by following the prescribed procedure. Individual notices have also been sent to affected shareholders, and full details are available on the company's website.
This is a routine annual regulatory compliance filing and is unlikely to have any material impact on the stock price. Shareholders with unclaimed dividends for 7+ years should act before the September 10, 2025 deadline to prevent their shares from being transferred to the IEPF.