Tata Steel Limited has informed the Exchange about advertisement published in newspapers in compliance with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016
TATASTEEL · price
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Tata Steel Limited has published newspaper advertisements and sent letters to eligible shareholders informing them about unclaimed dividends from erstwhile Tata Steel Long Products Limited (TSLP), which amalgamated into the company effective November 15, 2023. Shareholders holding TSLP shares (exchanged at 67:10 ratio for Tata Steel shares) have unclaimed dividends for FY 2018-19 to FY 2024-25. The company is requesting shareholders to claim these dividends by August 17, 2026, failing which unclaimed dividends and related equity shares will be transferred to the Investor Education and Protection Fund Authority during FY 2026-27. This is a mandatory compliance under the Companies Act, 2013 and IEPF Rules, 2016.
No direct impact on Tata Steel's stock price. Shareholders risk losing unclaimed dividends and having their shares transferred to IEPF if they do not act by August 17, 2026.