Thomas Cook (India) Limited has informed the Exchange about Copy of Newspaper Advertisement pertaining to Notice of transfer of unclaimed dividend forthe financial year 2018-19 and the underlying equity shares of the Company to Investor Education and Protection Fund (IEPF).
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Thomas Cook (India) Limited has published a newspaper advertisement as required by law, giving notice about the transfer of unclaimed dividends for the financial year 2018-19 to the Investor Education and Protection Fund (IEPF). Along with the unclaimed dividend, the underlying equity shares of shareholders who have not claimed their dividends for several years will also be transferred to IEPF. This is a routine regulatory compliance step under the Companies Act, 2013. Shareholders who have not yet claimed their FY2018-19 dividends should act before the transfer deadline to avoid losing their shares.
This is a routine compliance filing with no direct impact on the stock price. However, shareholders who have unclaimed dividends from FY 2018-19 must claim them before the deadline or risk having their shares transferred to the IEPF.