Newspaper Notice to specific shareholders for transfer of shares to IEPF Authority if dividends remain Unclaimed for 7 years
PARAGMILK · price
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Awaiting price reaction for this filing.
Parag Milk Foods has published a newspaper notice informing specific equity shareholders that their shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority if dividends remain unclaimed for 7 consecutive years. The notice was published on June 14, 2025, in Financial Express (English) and Lok Satta (Marathi regional newspaper), in line with Section 124(6) of the Companies Act, 2013 read with the IEPF Rules, 2016. The filing has been made with BSE and NSE under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. Shareholders are urged to claim their pending dividends before the transfer takes place to avoid losing ownership of their shares.
This is a routine regulatory compliance filing and not a new business development, so it is unlikely to move the stock price. However, shareholders of Parag Milk Foods who have unclaimed dividends for 7 or more years should act quickly to claim them, as their shares will otherwise be transferred to the IEPF Authority.