Strides Pharma Science Limited has informed the Exchange about Second Reminder sent to shareholders whose shares are due to be transferred to IEPF.
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Strides Pharma Science has sent a second reminder to shareholders whose shares are set to be transferred to the Investor Education and Protection Fund (IEPF). Under Indian law, shares of investors who have not claimed dividends for seven or more consecutive years must be moved to the IEPF, a government-managed fund. This is a follow-up notice, meaning the company had already sent a first reminder earlier. Shareholders still have a window to act before the actual transfer takes place.
Shareholders who have not claimed their dividends for 7+ years should immediately contact the company's registrar to update details and claim pending dividends, otherwise their shares will be moved to the IEPF. While reclaiming shares from IEPF is possible later, it involves a longer and more paperwork-heavy process. This announcement is procedural and unlikely to have any meaningful impact on the stock price.