Copy of Newspaper Publication - Intimating Shareholders about Transfer of unclaimed dividend and corresponding shares to IEPF Authority.
SESHAPAPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Seshasayee Paper and Boards Ltd has issued a notice informing shareholders about the mandatory transfer of shares to the Investor Education and Protection Fund (IEPF). The transfer applies to shares where dividends have remained unclaimed for seven or more consecutive years, as required under Section 124(6) of the Companies Act, 2013. Individual notices have been sent to affected shareholders at their registered addresses. Shareholders have until 15 August 2026 to claim their unclaimed dividends and prevent share transfers to IEPF. After transfer, shareholders can still reclaim the amount and shares from IEPF Authority through a prescribed process, but no claims can be made against the company.
Shareholders with unclaimed dividends risk losing their shares to IEPF if they do not act before the deadline. While the shares can be claimed back from IEPF later, it involves additional paperwork and compliance steps.