Force Motors Ltd.: Shares Linked to Unpaid Dividends Face Compulsory Transfer to IEPF
Force Motors Ltd. has notified shareholders regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority for dividends that have remained unclaimed or unpaid for seven consecutive years or more, as per applicable rules.The company is following regulations requiring the transfer of such shares to the IEPF in cases where dividends remain unclaimed after a specified period. The notice details the process for shareholders whose dividend payments from various financial years have not been successfully claimed.
A comprehensive list of unclaimed/unpaid dividends that are subject to this transfer has been provided by Force Motors Ltd. These dividends relate to seven consecutive financial years, starting from 2018-19 up to 2024-25.
| Dividend Year | Status |
|---|---|
| 2018-19 | Unpaid/Unclaimed |
| 2019-20 | Unpaid/Unclaimed |
| 2020-21 | Unpaid/Unclaimed |
| 2021-22 | Unpaid/Unclaimed |
| 2022-23 | Unpaid/Unclaimed |
| 2023-24 | Unpaid/Unclaimed |
| 2024-25 | Unpaid/Unclaimed |
Shareholders are strongly requested to claim the noted unpaid dividends. A specific deadline of September 30, 2026, has been set for making a claim.
If shareholders fail to claim these unclaimed dividends by the specified date, all equity shares, whether held in physical or electronic form, will be credited to the DEMAT Account of the IEPF Authority. This transfer is mandated according to established procedures concerning non-claimed dividends over seven years.
FORCEMOT Stock Price Movement
Shares of FORCE MOTORS LTD settled today, slipping by 1.06% to close at ₹17676 after trading in the post-market session. The stock saw considerable activity, with 89,274 shares traded during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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