Tata Technologies Limited has informed the Exchange about Newspaper Advertisement- Notice to shareholders regarding transfer of equity shares of the Company to IEPF -Interim dividend for FY 2018-19 and 100 days Saksham Niveshak Campaign
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Tata Technologies has published a newspaper advertisement as required by law, informing shareholders about the upcoming transfer of equity shares to the Investor Education and Protection Fund (IEPF). This applies to shareholders who have not claimed their interim dividend declared for FY 2018-19 and subsequent unclaimed dividends for the past seven years. The notice is part of the 100-day 'Saksham Niveshak Campaign' launched by the Ministry of Corporate Affairs to help shareholders reclaim their shares before they are moved to IEPF. Shareholders are urged to update their KYC details, bank accounts, and contact information with the company's registrar, and submit their claim forms before the transfer deadline.
This is a routine compliance announcement, not a material corporate event, so it should have no direct impact on the stock price. However, shareholders who have not claimed dividends since the FY 2018-19 interim dividend should act quickly to prevent their shares from being transferred to IEPF, as recovery after transfer is a lengthier process.