Plastiblends India Limited has informed the Exchange about Copy of Newspaper Publication regarding transfer of unclaimed dividend and relevant equity shares to investor Education and Protection Fund (IEPF) Authority
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Plastiblends India Limited has published a newspaper notice informing shareholders about the transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority. Under Indian company law, dividends that remain unclaimed for seven consecutive years, along with the related shares, must be moved to the IEPF. The notice serves as a final reminder to shareholders to claim their pending dividends before the transfer takes place. Shareholders are advised to update their bank details, KYC information, and contact the company's registrar to prevent this transfer.
Shareholders who have not claimed their dividends for several years risk losing access to both the unclaimed dividend amount and the underlying shares, which will be transferred to the IEPF. While shares and amounts can still be reclaimed from IEPF by filing a claim, the process is lengthy and requires documentation — this announcement serves as a critical reminder for affected investors to act promptly.