Schaeffler India Limited has informed the Exchange about Copy of Newspaper Publication for Publication of Notice for transfer of Equity Shares to Investor Education and Protection Fund
SCHAEFFLER · price
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Schaeffler India has published a notice in newspapers regarding the transfer of equity shares belonging to shareholders who have not claimed their dividends for seven or more consecutive years to the Investor Education and Protection Fund (IEPF). This is a mandatory compliance requirement under Indian company law. Shareholders whose shares are at risk of being transferred still have time to claim their dividends and update their details to prevent the transfer. The actual shares will be moved to the IEPF account on the due date mentioned in the notice.
Shareholders who have not encashed dividends for 7+ years should act quickly by contacting the company's Registrar to claim their dividends and prevent shares from being moved to IEPF. This is a routine regulatory compliance filing and does not directly affect the stock price or company operations.