Raymond Limited has informed the Exchange about Copy of Newspaper Publication
RAYMOND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Raymond Limited has published a newspaper notice informing shareholders about the transfer of unclaimed dividends and underlying equity shares to the Investor Education and Protection Fund (IEPF). Under Section 124(5) and 124(6) of the Companies Act, 2013, dividends unpaid for seven consecutive years must be transferred to IEPF. The company has identified shareholders who have not encashed dividends from Financial Years 2018-19 to 2024-25. The deadline for claiming FY 2018-19 dividend is July 11, 2026. After this date, both the unpaid dividend and underlying shares will be transferred to the IEPF Demat Account. Shareholders can contact the Registrar & Transfer Agent, MUFG Intime India Private Limited, to claim their pending dividends before the transfer.
Shareholders with unclaimed dividends risk losing their dividends and having their shares transferred to IEPF. After transfer, claims must be filed with the IEPF Authority rather than the company, involving a more complex process.