Sandur Manganese & Iron Ores Limited has informed the Exchange about Newspaper Publication regarding transfer of Equity Shares to Investor Education andProtection Fund
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Sandur Manganese & Iron Ores Limited has notified the stock exchange about a newspaper advertisement related to the transfer of equity shares to the Investor Education and Protection Fund (IEPF). As per Indian company law, shares belonging to shareholders who have not claimed dividends for seven or more consecutive years are liable to be transferred to the IEPF. The company is publishing this notice to alert such shareholders before the transfer takes place. This is a routine regulatory compliance step and does not involve any new corporate action like dividends, fundraising, or acquisitions.
Shareholders who have not claimed dividends for 7+ years should contact the company immediately to update their details and claim their shares before they are transferred to the IEPF. This filing itself has no direct impact on the stock price or the company's financials.