India Cements: Unclaimed Dividends & Shares to be Transferred to IEPF
India Cements Ltd has issued a communication to its shareholders regarding the transfer of unpaid dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF). This action is in compliance with Section 124(5) and 124(6) of the Companies Act, 2013, and the IEPF Authority Rules, 2016. Shareholders who have unpaid dividends for the financial year 2018-19 and whose shares have not had a claimed dividend for seven consecutive years are advised to claim their dues by September 25, 2026. Failure to do so will result in the transfer of these amounts and shares to the IEPF by October 10, 2026. The company also urges shareholders to update their KYC details and bank mandates to facilitate electronic dividend payments and to avoid such transfers.
Key Highlights
- Unclaimed dividends and shares to be transferred to IEPF by October 10, 2026.
- Shareholders must claim unpaid dividends by September 25, 2026.
- KYC updates and electronic mandate submissions are encouraged.
- No claims against the company post-transfer to IEPF.
- IEPF Authority's 'Saksham Niveshak' campaign is ongoing.
Price Impact
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