Newspaper Publication pertaining to transfer of Equity shares of the company to the Investor Education and Protection Fund (IEPF)
BYKE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Byke Hospitality Limited has published notices in Free Press Journal (English) and Navshakti (Marathi) on August 7, 2025, informing shareholders about the upcoming transfer of equity shares to the IEPF Authority. Under Section 124(6) of the Companies Act, 2013 and IEPF Rules, shares whose dividend has remained unclaimed or unpaid for 7 consecutive years must be statutorily transferred to IEPF. The company has already sent individual notices to concerned shareholders and uploaded their details on its website (www.thebyke.com). Shareholders have until October 1, 2025, to claim their unclaimed dividends by writing to the Company Secretary. After this deadline, shares will be transferred to IEPF without further notice.
This is a routine regulatory compliance notice. Shareholders who have not claimed dividends for 7 or more years risk losing their shares to IEPF if they do not act by October 1, 2025. They can later recover the shares by filing Form IEPF-5 with the IEPF Authority, but it is a more cumbersome process. Existing shareholders who actively claim dividends are not affected.