Pilani Investment and Industries Corporation Limited has informed the Exchange about Copy of Newspaper Publication
PILANIINVS · price
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Pilani Investment and Industries Corporation Limited has submitted copies of a newspaper publication to the stock exchanges as a routine compliance filing. The notice, published in Financial Express (English) and Aajkal (Bengali) on June 27, 2025, informs equity shareholders about the upcoming transfer of shares to the Investor Education and Protection Fund (IEPF) Authority. Under Section 124(6) of the Companies Act, 2013, shares linked to dividends unpaid or unclaimed for seven consecutive years are liable to be transferred. The unpaid dividends for FY 2016-17 have already been transferred, and the deadline for shareholders to claim unpaid dividends for FY 2017-18 is October 13, 2025. Concerned shareholders must submit required documents to the company or its Registrar (Niche Technologies Pvt. Ltd.) by this date to prevent transfer of their shares.
This is a routine regulatory disclosure with no material impact on the stock price or broader shareholders. However, shareholders who have not claimed dividends since FY 2017-18 must act before October 13, 2025 to retain their shares; otherwise, their shares will be moved to the IEPF account and can only be reclaimed later by following the IEPF-5 procedure.