Tata Consultancy Services Limited has informed the Exchange about Copy of Newspaper Publication
TCS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TCS has sent reminder letters to shareholders who have not claimed their final dividend from FY 2017-18 for seven or more consecutive years. The reminder warns that the shares of these shareholders are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority if the unclaimed dividends are not collected. TCS has also published notice advertisements in Business Standard, Free Press Journal, and Navshakti to reach a wider set of shareholders. This action is being taken as required under Section 124(6) of the Companies Act, 2013 read with the IEPF Rules, 2016. The filing is purely a compliance disclosure and does not involve any new corporate action or financial event.
No material impact on the stock price or company financials; this is a routine regulatory compliance filing. Shareholders with old unclaimed TCS dividends should act promptly to avoid having their shares transferred to the IEPF.