Seshasayee Paper and Boards Limited has informed the Exchange about Copy of Newspaper Publication - Intimating Shareholders about Transfer of unclaimed dividend and corresponding shares to IEPF Authority
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Seshasayee Paper and Boards Limited has published a notice informing shareholders about the mandatory transfer of shares to the Investor Education and Protection Fund (IEPF). Under Section 124(6) of the Companies Act, 2013, shares on which dividends remain unclaimed for seven consecutive years or more must be transferred to IEPF Demat Account with NSDL. The company has already sent individual notices to affected shareholders at their registered addresses. Shareholders must claim their unclaimed dividend amounts on or before 15 August 2026, failing which their shares will be transferred to IEPF. After transfer, claims can still be made from IEPF Authority following prescribed procedures, but no claims shall lie against the company.
Shareholders with unclaimed dividends risk losing their shares if they do not act by 15 August 2026. This is a routine compliance filing with no direct impact on stock price but requires affected shareholders to take immediate action to protect their holdings.