Please find enclosed herewith a specimen copy of the Notice sent to Shareholders to claim their Equity Shares which otherwise will get transferred to IEPF pursuant to Section 124(6) of ....
PAUSHAKLTD · price
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Awaiting price reaction for this filing.
Paushak Limited has sent notices to shareholders who have not claimed their dividends for seven consecutive years (from FY 2017-18 onwards), warning that their equity shares will be transferred to the Investor Education and Protection Fund (IEPF) under Section 124(6) of the Companies Act, 2013. Shareholders have until 31st August 2025 to claim their unpaid dividends, failing which their shares will be moved to the IEPF account. The company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, will handle the process. Shareholders can later reclaim their shares from IEPF by filing web Form IEPF-5. Shareholders holding physical shares are also reminded to update their KYC details (PAN, address, email, bank account, nomination) using the prescribed forms.
This is a routine regulatory compliance filing and is unlikely to impact the stock price. Individual shareholders who have not claimed dividends since 2017-18 risk losing ownership of their shares, but they can reclaim them later from the IEPF by filing Form IEPF-5.