REC Limited has informed the Exchange about Newspaper Clippings regarding notice for transfer of Unclaimed Dividends / Equity Shares to IEPF Authority.
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REC Limited has shared with the stock exchange the newspaper clippings of its public notice regarding the transfer of unclaimed dividends and underlying equity shares to the Investor Education and Protection Fund (IEPF) Authority. Under Indian company law, dividends that remain unclaimed for seven consecutive years, along with the corresponding shares, must be transferred to the IEPF. This is a routine regulatory compliance filing required to inform shareholders who may have forgotten about or missed earlier dividend payments. Shareholders whose shares or dividends are being moved can still claim them back from the IEPF by following the prescribed application process.
No direct impact on the stock price or active shareholders. Investors who have unclaimed dividends or old REC shares should check if their holdings are on the transfer list and file a claim with the company or IEPF to recover them before the deadline.