Vardhman Textiles Limited has informed the Exchange about Copy of Newspaper Publication.
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Awaiting price reaction for this filing.
Vardhman Textiles Limited has submitted copies of newspaper publications (in Business Standard and Desh Sewak) regarding the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. As per Section 124(6) of the Companies Act, 2013 and IEPF Rules 2016, shares of shareholders who have not claimed dividends for seven consecutive years (from FY 2017-18 onwards) are liable to be transferred to the IEPF account. The company has sent individual notices to affected shareholders, giving them until September 30, 2025 to claim their pending dividends. If no claim is made by the deadline, the equity shares (face value Rs. 2 each) along with unpaid dividends will be transferred to the IEPF. The notice applies to Vardhman Textiles, Vardhman Acrylics, and Vardhman Holdings Limited.
This is a routine regulatory compliance filing with no material impact on the company or its stock price. Shareholders who have not claimed dividends since FY 2017-18 should act before September 30, 2025 to avoid having their shares transferred to the IEPF Authority.