Thermax Limited has informed the Exchange about Copy of Newspaper Publication
THERMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Thermax Limited has published newspaper advertisements in Financial Express (English) and Loksatta (Marathi) informing shareholders about the transfer of equity shares and unpaid dividends to the IEPFA. This is a mandatory compliance under the Companies Act, 2013 and IEPFA Rules, 2016. The company is notifying shareholders so they can take action to claim their dividends or prevent their shares from being transferred before the deadline. This filing is made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
No direct impact on the stock price. Shareholders holding shares with unclaimed dividends for 7 consecutive years should claim them before the transfer to IEPFA, as shares transferred to IEPFA can only be refunded subject to an application process.