Newspaper Publication of Notice to Shareholders on transfer of shares to IEPF in 2025
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Awaiting price reaction for this filing.
Suryaamba Spinning Mills has published a newspaper notice informing shareholders about the upcoming transfer of shares to the Investor Education and Protection Fund (IEPF) in 2025. As per the Companies Act, shares belonging to shareholders who have not claimed dividends for seven or more consecutive years are liable to be transferred to the IEPF. The notice is a mandatory step to give shareholders a final opportunity to update their KYC details, claim pending dividends, and prevent their shares from being moved to the IEPF. Shareholders whose shares are at risk will be notified individually by the company. This is a routine annual compliance filing required by the Ministry of Corporate Affairs.
Shareholders who have not claimed dividends for 7+ years should immediately update their bank and PAN details with the company/RTA and claim pending dividends to avoid losing their shares to the IEPF. The stock price is unlikely to be affected as this is a standard regulatory compliance announcement.