Notice of transfer of Equity Shares of the Company to IEPF
TCIEXP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TCI Express Ltd has published newspaper advertisements informing shareholders about the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This transfer relates to final dividend declared for FY 2018-19 that has remained unpaid or unclaimed for seven consecutive years. The company is sending reminder letters to affected shareholders regarding the impending transfer. This action complies with Section 124 of the Companies Act, 2013 and IEPF Authority Rules, 2016.
Affected shareholders who have not claimed their 2018-19 dividend will lose beneficial ownership of those shares. They can still claim refunds from IEPF Authority but must follow the prescribed IEPF refund process, which involves additional paperwork and time.