Submission of Proof of News paper publication regarding notice of transfer of unclaimed dividend along with respective shares for the financial year 2017-18 to IEPF authority.
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Awaiting price reaction for this filing.
Virat Crane Industries has filed proof of newspaper publication with BSE regarding a notice sent to shareholders whose dividends have been unclaimed for 7 or more consecutive years. The notice was published on August 5, 2025 in Vishalandhra (Telugu) and Business Standard (English). Under Section 124(6) of the Companies Act, 2013, the company is required to transfer the unpaid final dividend for FY 2017-18 along with the corresponding equity shares to the Investor Education and Protection Fund (IEPF). Shareholders who haven't claimed this dividend have until November 4, 2025 to make their claim through the company's registrar, Bigshare Services Private Limited. After this deadline, both the dividend amounts and the underlying shares will be automatically moved to IEPF, though shareholders can later reclaim them via IEPF-5 form.
For shareholders who haven't claimed their FY 2017-18 dividend: urgent action required before November 4, 2025 to avoid shares and dividends being transferred to IEPF. For the broader stock: this is routine regulatory compliance and has no material impact on the stock price.