Trident Limited has informed the exchange regarding Letter dispatched to Shareholders and Newspaper Publication - Transfer of equity shares of the Company to Investor Education and Protection ....
Awaiting price reaction for this filing.
Trident Limited has informed the stock exchanges that it has sent letters to shareholders and published 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. Under Section 124 of the Companies Act, 2013, dividends remaining unclaimed for seven consecutive years must be transferred to IEPF, along with the shares on which those dividends were declared. The first dividend being moved is the Final Dividend for FY 2017-18, with a transfer due date of October 21, 2025; subsequent interim dividends are scheduled for transfer over the next several years through 2031. Concerned shareholders have been asked to claim their unpaid dividends for FY 2017-18 onwards on or before July 15, 2025 to prevent the transfer of their shares. Once transferred to IEPF, shareholders can still reclaim their shares by filing Form IEPF-5 on the IEPF portal, though no claim will lie against the company thereafter.
This is a routine regulatory compliance filing and has no direct impact on Trident's financials or stock price. Shareholders who have unclaimed dividends from FY 2017-18 or later should act before July 15, 2025 to claim their money and avoid having their shares transferred to the IEPF Authority.