Intimation to Shareholders to transfer of Equity Shares of the Company to IEPF Authority Account.
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Patels Airtemp India Ltd has published a newspaper advertisement in Financial Express (English and Gujarati editions) on 26 July 2025, notifying shareholders that their equity shares are liable to be transferred to the IEPF Authority's Demat Account during FY 2025-2026. The notice applies to shareholders whose dividends have remained unpaid or unclaimed for seven or more consecutive years, pursuant to Section 124(6) of the Companies Act, 2013 and the IEPF Authority Rules, 2016. Reminder letters have already been sent to the concerned shareholders, and the full list is available on the company's website (www.patelsairtemp.com). One specific shareholder mentioned is M/s Kundan Enterprise Partnership Firm, with unclaimed dividends since FY 2017-18 (last paid 29.09.2018), with proposed share transfer dates of 2 November and 5 November 2025.
This is a routine regulatory compliance filing with no direct impact on the company's operations or stock price. Shareholders whose dividends have been unclaimed for 7+ years should take immediate action (claim dividends, update KYC, or contact the company's RTA) to avoid losing their shares to the IEPF.