Trident Limited has informed the exchange regarding Newspaper Publication - Transfer of equity shares of the Company to Investor Education and Protection Fund (IEPF) Authority
Awaiting price reaction for this filing.
Trident Limited has informed the exchanges about dispatching letters to shareholders and publishing notices in Business Standard and Punjabi Jagran regarding the transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority. As per Section 124 of the Companies Act, 2013, dividends unclaimed for seven consecutive years must be moved to IEPF. The first batch being targeted includes the Final Dividend of FY 2017-18 (declared September 14, 2018) and Interim Dividends of FY 2018-19, with the transfer to happen during FY 2025-26. Shareholders have been asked to claim their dividends on or before July 15, 2025, failing which their shares will be transferred to IEPF without further notice. Once transferred, shares and dividends can still be reclaimed from IEPF by filing Form IEPF-5 on the IEPF portal.
This is a routine regulatory compliance filing with no impact on the stock price or operations. Shareholders who have not claimed Trident dividends from FY 2017-18 onwards should act before July 15, 2025 to prevent their shares from being permanently transferred to IEPF.