Intimation to the shareholders regarding Transfer of Equity Shares in respect of which dividend has not been claimed for seven consecutive years to the Investor Education and Protection Fund ( IEPF )
SALONA · price
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Salona Cotspin Limited has issued notices to shareholders informing them that equity shares on which dividends have not been claimed for seven consecutive years (FY 2018-19 through FY 2024-25) are required to be transferred to the Investor Education and Protection Fund (IEPF) under Section 124 of the Companies Act, 2013. The company has listed five dividend years with unclaimed dividends. The deadline to claim the earliest dividend (FY 2018-19) is 11th October 2026. Shareholders who fail to claim before this date will have their shares transferred to IEPF, and the original share certificates will be cancelled and deemed non-negotiable. Shareholders can contact the RTA, MUFG Intime India Private Limited, to claim unpaid dividends.
This is a routine regulatory compliance filing. It does not indicate any financial distress or operational issues. However, shareholders who do not act before the deadline will lose ownership of their shares, which will be transferred to IEPF.