Please find attached the Notice to Shareholder(s) for Unclaimed dividend and equity shares liable to be transferred to IEPF Authority for the financial year 2017-18
Awaiting price reaction for this filing.
Grindwell Norton Limited has issued a notice to shareholders whose dividends have remained unclaimed for seven or more consecutive years, warning that their equity shares are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority. The company has published reminder advertisements in Financial Express (English) and Loksatta (Marathi) newspapers and sent individual reminder letters to affected shareholders. This action is taken under Section 124(6) of the Companies Act, 2013 read with the IEPF Authority Rules, 2016. The last date for shareholders to claim their unpaid dividends is September 5, 2025. The RTA handling the process is MUFG Intime India Private Limited (formerly Link Intime India).
Shareholders who do not claim their dividends and corresponding shares by September 5, 2025 risk having their shares permanently transferred to the IEPF Authority, though they can still claim them later by following the prescribed refund process. This is a routine regulatory compliance action and is unlikely to have any material impact on the stock price.