Unichem Laboratories Limited has informed the Exchange about Copy of Newspaper Publication - Notice for transfer of Equity Shares and Unclaimed Dividend to the Investor Education and Protection Fund (IEPF) Account.
UNICHEMLAB · price
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Unichem Laboratories has published a notice in newspapers regarding the transfer of equity shares and unclaimed dividends to the Investor Education and Protection Fund (IEPF). This is a regulatory requirement under the Companies Act for shares where dividends have remained unclaimed for seven consecutive years or more. Shareholders whose shares are due for transfer have been individually notified by the company. The notice provides details on the procedure for shareholders to claim their shares or dividends before the transfer takes place. Shareholders can still reclaim their shares from IEPF after the transfer, but the process involves additional paperwork and effort.
This is a routine compliance announcement and typically has no material impact on the stock price. Shareholders who have unclaimed dividends from Unichem for 7+ years should act quickly to claim them, as their shares will otherwise be transferred to the IEPF.