Visaka Industries: Shares to be transferred to IEPF for unclaimed dividends

Visaka Industries Limited has notified the exchange about the compulsory transfer of equity shares and unclaimed dividends to the Investor Education and Protection Fund (IEPF) Authority. This action is in accordance with Section 124(6) of the Companies Act, 2013, for shareholders who have not claimed their dividends for seven or more consecutive years. The company has dispatched reminder letters to these shareholders, urging them to claim their dues by March 7, 2027. Failure to do so will result in the transfer of their shares and unclaimed dividends to the IEPF account. Shareholders can claim both dividends and shares from the IEPF Authority by submitting Form IEPF-5.