Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith specimen of the reminder letter sent to the Shareholders ....
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Porwal Auto Components Ltd has sent reminder letters to shareholders whose dividends have remained unclaimed for seven or more consecutive years starting from FY 2017-18. Under Section 124(6) of the Companies Act, 2013, such shares are liable to be mandatorily transferred to the Investor Education and Protection Fund (IEPF) Authority. Shareholders have been given until October 28, 2025 to claim their unpaid dividends for FY 2017-18 and FY 2018-19, failing which their shares will be moved to the IEPF's demat account. Once transferred, the shares and dividends can only be reclaimed from IEPF authorities by filing the prescribed forms. The filing was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements, 2015, with BSE (Scrip Code 532933, ISIN INE386I01018).
This is a routine regulatory compliance disclosure and does not have a material impact on the company's operations or stock price. Only specific shareholders who have not claimed dividends since FY 2017-18 are affected and should act before the October 28, 2025 deadline to avoid losing their shares to the IEPF Authority.