Tata Elxsi Limited has informed the Exchange about Copy of Newspaper Publication regarding Notice to the shareholders on proposed transfer of equity shares to IEPF.
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Tata Elxsi Limited has published a newspaper advertisement informing shareholders that equity shares on which dividends have remained unpaid or unclaimed for seven consecutive years or more are required to be transferred to the Investor Education and Protection Fund (IEPF) under Section 124(6) of the Companies Act, 2013 and IEPF Authority Rules. The Company has sent individual notices to concerned shareholders and the detailed list of affected shareholders and shares is available on the Company website at www.tataelxsi.com under the Investors section. If dividend amounts from FY 2018-19 remain unclaimed by August 16, 2026, the Company will transfer the unclaimed dividend amount to IEPF and consequently transfer the shares held by concerned shareholders to IEPF. Shareholders are encouraged to update their PAN, KYC details, contact information, bank account details, and nomination details with the RTA or the Company to facilitate claim processing.
This is a routine regulatory compliance filing. It does not impact the company's financial performance or operations. Affected shareholders who have not claimed dividends for 7+ years risk losing ownership of their shares, which will be transferred to IEPF where claims can only be made by complying with IEPF refund rules.