Tata Consultancy Services Limited has informed the Exchange about Copy of Newspaper Publication
TCS · price
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Awaiting price reaction for this filing.
TCS has informed the stock exchanges that it has published newspaper advertisements in Business Standard, Free Press Journal, and Navshakti as a reminder to shareholders. The reminder is specifically targeted at shareholders who have not claimed their first interim dividend for FY2018-19 for seven or more consecutive years. Such shareholders' shares are at risk of being transferred to the Investor Education and Protection Fund (IEPF) Authority. The action is being taken under Section 124(6) of the Companies Act, 2013 and the IEPF Rules, 2016, as amended.
This is a routine regulatory compliance filing with no direct impact on the stock price or business operations. However, shareholders of TCS who have unclaimed dividends from FY2018-19 should act promptly to claim their dues before their shares are transferred to the IEPF Authority.