Transport Corporation of India Limited has informed the Exchange about Copy of Newspaper Publication- Submission of Newspaper clippings of the Notice for proposed transfer of equity shares to the IEPF Authority
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Awaiting price reaction for this filing.
Transport Corporation of India Limited has published a notice in newspapers informing shareholders about its plan to transfer certain equity shares to the Investor Education and Protection Fund (IEPF) Authority. Under Indian law, companies must transfer shares to the IEPF when dividends on those shares have remained unclaimed for seven or more consecutive years. Shareholders whose shares are at risk of being transferred can still claim them back by submitting the required application form and valid documents such as PAN, KYC details, and original share certificates to the company's Registrar before the deadline. After the transfer, shareholders would need to approach the IEPF Authority directly to reclaim their shares, which is a longer and more cumbersome process.
This is a routine compliance filing and does not directly affect the company's financials or operations. However, shareholders who have not claimed dividends for several years should check if their shares are on the transfer list and act quickly to avoid losing easy access to their holdings.