Newspaper Advertisement & Notice to shareholders- For transfer of Equity Shares and unclaimed/unpaid dividends to Investor Education and Protection Fund ("IEPF")
UGROCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Ugro Capital has issued a public notice informing shareholders whose interim dividend from FY 2018-19 has remained unclaimed for seven or more consecutive years that their shares and unpaid dividends will be transferred to the Investor Education and Protection Fund (IEPF). The deadline for shareholders to claim their dividend is July 20, 2025, after which the company will proceed with the transfer without further notice. The notice was published in Business Standard (national newspaper) and Navshakti (regional Marathi newspaper) on April 15, 2025, alongside individual letters sent to affected shareholders. Shareholders wishing to claim must contact the company's Registrar, MUFG Intime India Private Limited, and can recover their shares post-transfer by filing IEPF Form-5.
This is a routine regulatory compliance notice under Section 124 of the Companies Act, 2013, and has no direct impact on the company's financials or stock price. However, specific shareholders who have not claimed dividends since FY 2018-19 risk losing their shares to IEPF if they fail to act before the July 20, 2025 deadline.