Newspaper Publication for concerned shareholders for intimation of transfer of shares to Investor Education and Protection Fund A/c pursuant to Section 124 (6) of the Companies Act, 2013.
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Rapicut Carbides Ltd has published newspaper notices in Business Standard (Ahmedabad edition) and Loksatta-Jansatta (Vadodara edition) on 19 July 2025, informing concerned shareholders about the upcoming transfer of their equity shares to the IEPF Authority account. This action is being taken under Section 124(6) of the Companies Act, 2013, read with Rule 6 of the IEPF Authority Rules, 2016, which applies to shareholders who have not claimed dividends for seven or more consecutive years. The filing is being made to BSE under Regulation 30 and 47(1)(d) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. No specific number of shares or shareholders affected has been disclosed in this filing. Shareholders who wish to avoid the transfer can still claim their shares and unpaid dividends from the company before the transfer is executed.
This is a routine regulatory compliance filing with no direct impact on the company's operations or stock price. Shareholders who have not claimed dividends for 7+ years should act quickly to claim their shares or they will be permanently transferred to the IEPF Authority, where recovery becomes more cumbersome.