RITES Limited has informed the Exchange about Newspaper publication for mandatory transfer of equity shares to Investor Education and Protection Fund (IEPF) Authority
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RITES Limited has informed the stock exchanges about publishing newspaper notices regarding the mandatory transfer of equity shares to the IEPF Authority, as required under Section 124(6) of the Companies Act, 2013. The notices were published in Financial Express (English) and Jansatta (Hindi) on August 15, 2025. Shares belonging to shareholders who have not claimed their dividend for seven consecutive years are liable to be transferred to the IEPF Authority's Demat Account. The trigger is the unpaid final dividend of Rs. 2 per share for FY 2017-18, which was paid on October 8, 2018. Shareholders have been given until October 10, 2025 to claim their unpaid dividend through the company's Registrar (Beetal Financial & Computer Services) or the Company Secretary to avoid the transfer.
This is a routine regulatory compliance filing and not a material business event. Shareholders with unclaimed dividends from FY 2017-18 onwards risk losing their shares to the IEPF if they do not act before October 10, 2025. No direct impact on the company's operations or stock price is expected.