Ponni Sugars (Erode) Limited has informed the Exchange about Copy of Newspaper Publication regarding transfer of unclaimed dividend and shares to Investor Education and Protection Fund (IEPF).
PONNIERODE · price
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Ponni Sugars (Erode) Limited has published newspaper notices informing shareholders about the upcoming transfer of shares to the Investor Education and Protection Fund (IEPF). The transfer applies to shares where dividend for FY 2018-19 has remained unclaimed for 7 consecutive years. The deadline for shareholders to claim unpaid dividends is 14th August 2026, before the actual share transfer to IEPF DEMAT account scheduled for 27th August 2026. Physical shareholders will receive new share certificates in exchange for their original ones, which will be cancelled. Demat account holders will have their accounts directly debited. The company has already sent individual notices to affected shareholders and posted relevant details on its website. Shareholders can claim back transferred amounts from IEPF authority by following prescribed procedures, though no claims can be made against the company after transfer.
This is a routine regulatory compliance filing with minimal direct impact on stock price. Affected shareholders risk losing voting rights and dividends on transferred shares until they file claims with IEPF. No material impact expected for remaining shareholders.