Ponni Sugars (Erode) Limited has informed the Exchange about Copy of Newspaper Publication regarding transfer of unpaid dividend amount and shares pertaining to FY 2017-18
PONNIERODE · price
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Ponni Sugars (Erode) Limited has published a notice in newspapers as required by law, informing shareholders that unpaid/unclaimed dividends and corresponding equity shares for the financial year 2017-18 are proposed to be transferred to the Investor Education and Protection Fund (IEPF) Authority. Under Indian rules, dividends and shares that remain unclaimed by shareholders for seven consecutive years are moved to the IEPF. Shareholders who have not yet claimed their FY 2017-18 dividends or shares are being given a final opportunity to do so before the transfer takes place. This is a routine annual compliance announcement and does not affect the company's operations or financials.
Shareholders who have not claimed their FY 2017-18 dividends or underlying shares should act quickly by contacting the company's Registrar and Transfer Agent to avoid losing these assets to the IEPF. The stock price is unlikely to be impacted as this is a standard regulatory procedure.