Tejas Networks Limited has informed the Exchange about Copy of Newspaper Publication titled "Notice to Shareholders - Transfer of Equity Shares and Unclaimed Dividend to The Investor Education and Protection Fund (IEPF) Authority"
TEJASNET · price
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Tejas Networks has published a notice informing shareholders about the mandatory transfer of unclaimed dividend and equity shares to the IEPF Authority under Section 124 of the Companies Act, 2013. The notice specifically targets shares where the final dividend for Financial Year 2018-19 has remained unpaid or unclaimed for seven consecutive years. Shareholders have been given until August 2026 to claim their outstanding dividends to avoid transfer. If no claim is received by the deadline, both the unclaimed dividend and corresponding equity shares will be transferred to the IEPF demat account without further notice. The company has uploaded details of affected shareholders and unpaid dividends on its website, and shareholders can claim amounts from IEPF by submitting Form IEPF-5 online.
This is a routine compliance filing that has minimal direct impact on the stock price. However, affected shareholders who do not act before the deadline will lose voting rights on transferred shares and must go through IEPF to reclaim their funds.