Publication of Notice for attention of the Shareholders of the Company in respect of transfer of shares to the Investor Education and Protection Fund.
Awaiting price reaction for this filing.
Navin Fluorine International Limited has published a newspaper notice informing shareholders about the upcoming transfer of certain shares to the Investor Education and Protection Fund (IEPF) under Section 124 of the Companies Act, 2013. Shares whose dividends have remained unclaimed or unpaid for seven consecutive years are required to be transferred to IEPF. The company has already sent individual communications to the affected shareholders, with the next transfer deadline set as August 30, 2025. Shareholders have until August 8, 2025 to claim their unpaid or unclaimed dividends from the Final and Special Dividend of 2017-18 onwards and prevent the transfer of their shares. The details of impacted shareholders have been made available on the company's website. Affected shareholders can still reclaim their shares even after transfer by applying to the IEPF Authority using Web Form IEPF-5.
This is a routine regulatory compliance filing with no direct impact on share price. Shareholders with unclaimed dividends from FY2017-18 onwards whose shares are due for transfer must act before August 8, 2025, or risk having their shares moved to the IEPF, where recovery requires a formal claim process.