Newspaper Advertisement under Section 124 of the Companies Act, 2013, intimating transfer of shares to IEPF.
ZFSTEERING · price
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Awaiting price reaction for this filing.
ZF Steering Gear (India) Limited has published newspaper advertisements notifying shareholders that unclaimed dividends for FY 2017-18 and corresponding equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority. Under the rules, any dividend unclaimed for seven consecutive years and the related shares must be moved to the IEPF account. The company has individually written to affected shareholders and uploaded the full list on its website (www.zfindia.com). Shareholders must act by October 15, 2025, after which the shares will be transferred by the due date. Affected shareholders can later reclaim their shares and dividends from the IEPF Authority by following the prescribed procedure.
This is a routine regulatory compliance action and is unlikely to affect the stock price. Shareholders who have not claimed dividends since FY 2017-18 should check the company's website and contact the registrar immediately to avoid losing their shares to the IEPF account.