Sterling Tools Limited has informed the Exchange about Copy of Newspaper Publication for transfer of equity shares of the Company to Investor Education Protection Fund Authority (IEPF)
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Sterling Tools Limited has filed a newspaper publication regarding the transfer of equity shares belonging to shareholders who have not claimed their dividends for seven or more consecutive years to the Investor Education and Protection Fund (IEPF) Authority. The notice, published on 18th June 2025 in Financial Express (English) and Jansatta (Hindi), pertains specifically to shares linked to unclaimed dividends from FY 2018-2019 (Interim) declared on 11th August 2018 onwards. These shares are scheduled to be transferred to the IEPF's demat account on 18th September 2025. Shareholders have been individually communicated with and have until 1st September 2025 to submit the required documents to the company's Registrar (MAS Services Limited) to claim their unclaimed dividend and prevent the share transfer.
This is a routine regulatory compliance filing under Section 124(6) of the Companies Act, 2013. For active shareholders, there is no material impact. However, investors who have not claimed dividends since 2018 must act before 1st September 2025 to prevent their shares from being transferred to the IEPF Authority, which would require a more complex reclaim process later.