Shalimar Paints Limited has informed the Exchange about Copy of Newspaper Publication - IEPF
SHALPAINTS · price
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Awaiting price reaction for this filing.
Shalimar Paints Limited has submitted to NSE a copy of a newspaper advertisement published in connection with the Investor Education and Protection Fund (IEPF). Such notices are typically issued by companies to inform shareholders whose shares and/or unpaid/unclaimed dividends are due to be transferred to the IEPF Authority, as mandated under the Companies Act, 2013. Shareholders who have not claimed their dividends for seven consecutive years or whose shares are due for transfer are usually named or given a final opportunity to act. This filing is a procedural compliance disclosure confirming that the company has completed the newspaper publication requirement, which is a precondition before transferring unclaimed shares or dividends to the IEPF.
Shareholders whose names appear in the notice should take immediate action to claim their shares or dividends before they are transferred to the IEPF Authority. Transfers to IEPF can make recovery of holdings more cumbersome, so this is primarily a reminder for relevant shareholders rather than a material event impacting the stock price.