Newspaper Publication of Transfer of Shares to IEPF
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Awaiting price reaction for this filing.
Polyspin Exports has published notices in Business Line (English) and Dinamalar (Tamil) warning shareholders that their equity shares will be transferred to the Investor Education and Protection Fund (IEPF). This applies to shares where dividends have remained unclaimed for seven consecutive years, starting from the financial year 2017-2018, as required under Section 124(6) of the Companies Act, 2013. Individual notices have already been sent to affected shareholders by Registered Post, and the full list of shareholders and shares due for transfer is available on the company's website. Shareholders must claim their unpaid dividends on or before August 12, 2025, failing which the shares will be moved to IEPF on or before September 11, 2025.
This is a routine regulatory compliance notice with no direct impact on the stock price or active shareholders. Affected shareholders risk losing ownership of their shares if they do not claim pending dividends before the August 12, 2025 deadline, though they can still reclaim the shares from IEPF later by applying online.