Intimation of Newspaper Publication of Notice for Transfer of Equity Shares to the Demat Account of the IEPF Authority
SOMANYCERA · price
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Somany Ceramics Limited has published a notice in newspapers regarding the transfer of equity shares belonging to shareholders who have not claimed dividends or remained incommunicable for an extended period to the Demat account of the Investor Education and Protection Fund (IEPF) Authority. This is a regulatory requirement under the Companies Act, 2013, typically initiated when dividends remain unclaimed for seven or more consecutive years. Shareholders whose shares are proposed to be transferred are being given a final opportunity to claim them before the transfer takes effect. The company has urged eligible shareholders to update their KYC details and contact the Registrar to prevent the transfer.
Shareholders with unclaimed dividends should act quickly to claim their shares, or risk losing ownership as the shares will be moved to the IEPF. This is a routine compliance measure and has no direct impact on the stock price or active shareholders.