Transport Corporation of India Limited has informed the Exchange regarding 'Intimation with respect to transfer of equity shares under Section 124(6) of the Companies Act, 2013 to the Investor Education and Protection Fund (IEPF) Authority'.
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Transport Corporation of India Limited has informed the stock exchange about the transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action is taken under Section 124(6) of the Companies Act, 2013, which requires companies to transfer shares whose dividends have remained unclaimed by shareholders for seven or more consecutive years. The company has notified the exchange to ensure regulatory compliance and public disclosure. Shareholders whose shares have been moved to the IEPF can still reclaim them by following the IEPF Authority's prescribed claim process. No new financial impact on the company's operations or capital structure is indicated by this intimation.
This is a routine regulatory disclosure and is unlikely to affect the stock price. Shareholders who have not claimed dividends for several years should verify if their shares have been transferred and file a claim with the IEPF Authority if needed.