Submission of Newspaper Clipping - Transfer of Share to IEPF Account published on 07.06.2025
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Awaiting price reaction for this filing.
Prime Property Development Corporation Ltd has submitted newspaper clippings (published on 7 June 2025 in English daily Free Press Journal and Marathi daily Navshakti) regarding the proposed transfer of shares to the Investor Education and Protection Fund (IEPF) Account. The company is notifying shareholders whose dividends have remained unclaimed for seven consecutive years (from FY 2017-2018 onwards) that their underlying shares will be transferred to the IEPF as per the Companies Act, 2013 and related IEPF Rules. The last date for shareholders to claim unpaid dividends to avoid the transfer is 14 August 2025, with the formal due date set at 4 October 2025, after which shares will be moved to IEPF within 30 days. The company's Registrar and Transfer Agent is MUFG Intime India Private Limited. Shareholders can reclaim shares from the IEPF Authority later by following the prescribed refund procedure.
This is a routine regulatory compliance disclosure and does not directly affect the stock price. Shareholders who have not claimed dividends since FY 2017-2018 should act before the deadlines (claim by 14 August 2025 or by 4 October 2025) to avoid losing their shares to the IEPF, from where recovery is possible but involves a longer procedural route.