Deepak Spinners Reminds Shareholders of Unclaimed Dividends for IEPF Transfer
Deepak Spinners Ltd has sent a reminder to shareholders who have not claimed their dividends for seven consecutive years, as these shares are liable for transfer to the Investor Education and Protection Fund (IEPF) Authority. The company is acting in accordance with Section 124(6) of the Companies Act, 2013, and related rules. Shareholders who have unclaimed dividends from FY 2018-19 onwards are urged to contact the Registrar and Share Transfer Agent, Maheshwari Datamatics Private Limited, by September 30, 2026, to claim their outstanding dividends and provide updated bank details. Failure to do so will result in the transfer of their equity shares to the IEPF Authority. The company has also informed BSE Limited about this action via newspaper advertisement.
Key Highlights
- Reminder issued for unclaimed dividends for seven consecutive years.
- Shares with unclaimed dividends from FY 2018-19 onwards to be transferred to IEPF.
- Shareholders must claim dividends by September 30, 2026.
- Action taken as per Companies Act, 2013, and SEBI regulations.
- IEPF transfer process detailed for physical and demat shareholders.
Price Impact
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