Submission of notice given to shareholders pertaining to IEPF
Awaiting price reaction for this filing.
Crompton Greaves Consumer Electricals has sent notices to shareholders whose dividends have remained unclaimed for seven or more consecutive years, warning that their equity shares are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority. The notice specifically pertains to the final dividend declared for FY 2017-18 (declared on July 25, 2018), with the deadline for shareholders to claim their unpaid dividends set as Friday, August 22, 2025. Shares of non-claiming shareholders will be transferred to the IEPF demat account on or after Saturday, August 30, 2025, in line with Section 124(6) of the Companies Act, 2013. Notices were sent via email and registered post, and newspaper advertisements were published in Financial Express (English) and Loksatta (Marathi). Shareholders can claim dividends or recover shares later via e-Form IEPF-5.
This is a routine regulatory compliance filing with no direct impact on the company's operations or stock price. Shareholders who hold Crompton shares and have not claimed dividends since FY 2017-18 should act before August 22, 2025, to avoid losing their shares to the IEPF.