Newspaper Publication on Notice given to shareholders of transfer of Dividend and Equity shares of the Company to the Investors Education and Protection Fund
SINGERIND · price
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Awaiting price reaction for this filing.
Singer India has published a newspaper notice informing shareholders that unclaimed dividends and corresponding equity shares will be transferred to the Investor Education and Protection Fund (IEPF). As per SEBI rules, dividends unclaimed for 7 years and the shares linked to them are moved to the IEPF, which is managed by the government. The notice acts as a final reminder for shareholders to update their details and claim their holdings before the transfer takes place. Shareholders whose shares are due for transfer can approach the company's Registrar (RTA) to prevent the transfer.
This is a routine annual regulatory filing and is unlikely to materially affect the stock price. Shareholders with unclaimed dividends or inactive folios should act promptly to claim their shares by contacting the Registrar, as recovering shares from IEPF later is a lengthy and paperwork-heavy process.