Orient Paper & Industries Limited has informed the Exchange regarding 'Notice of transfer of equity shares to the Investor Education and Protection Fund of the Central Government'.
ORIENTPPR · price
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Awaiting price reaction for this filing.
Orient Paper & Industries has informed the stock exchanges that equity shares of shareholders who have not claimed their dividends for seven consecutive years, starting from FY 2017-18, will be transferred to the IEPF. The affected dividends span Final Dividend 2017-18 through Final Dividend 2023-24, including the Interim Dividend 2018-19. This action is being taken under Section 124(6) of the Companies Act, 2013 and the IEPF Rules, 2016. Shareholders have until 17th August 2025 to claim their unpaid dividends by submitting the required forms to the Registrar, KFin Technologies Limited. If no claim is made by the deadline, both the dividends and the underlying shares will be transferred to the IEPF Authority without further notice, and no claim will lie against the Company thereafter. Shareholders can still recover their shares later by applying through Form IEPF-5 on the IEPF portal.
This is a routine regulatory compliance filing and is not expected to have any material impact on the company's financials or stock price. Only specific shareholders with unclaimed dividends since FY 2017-18 are affected, and they have a window until 17th August 2025 to act.