Notice to shareholders regarding transfer of dividend and respective equity shares (Final Dividend 2017-18) which have not been claimed for seven consecutive years since its declaration ....
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Virat Crane Industries has issued a notice to shareholders whose Final Dividend for FY 2017-18 has remained unclaimed for seven consecutive years. Under Section 124(5) and 124(6) of the Companies Act, 2013, such unclaimed dividends along with the related equity shares must be transferred to the Investor Education and Protection Fund (IEPF) by November 4, 2025. Shareholders have until November 1, 2025 to claim their dividend by contacting the company's Registrar (Bigshare Services). If unclaimed, shares in physical form will be cancelled and reissued in IEPF's name, while demat shares will be debited from the shareholder's account. Shareholders who miss the deadline can still recover their shares later by filing IEPF-5 form with the MCA.
This is a routine regulatory compliance notice and does not affect the company's financials or operations. It is relevant only to specific shareholders who have not claimed their FY 2017-18 dividend — they risk losing their shares to the IEPF if they do not act before November 1, 2025. No material impact on the stock price is expected.