RHI MAGNESITA INDIA LTD has informed the Exchange about Copy of Newspaper Publication
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
RHI Magnesita India has informed the stock exchanges about publishing a notice in two newspapers — Business Standard (Mumbai edition) and Pratahkal (Mumbai edition) on 8 May 2025. The notice informs shareholders that equity shares whose dividends have remained unclaimed for seven or more consecutive years are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority, as required under Section 124(6) of the Companies Act, 2013. The filing is being made under Regulation 47 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. Shareholders who have unclaimed dividends are being individually notified at their registered addresses. This is a routine regulatory compliance filing with no impact on the company's operations or financials.
No material impact on the stock price or business. Shareholders with unclaimed dividends for 7+ years should check if their shares are due for IEPF transfer and may need to claim them promptly. Investors can still recover their shares later by applying through the IEPF-5 form on the MCA website.