Jindal Drilling to Shareholders Regarding Unclaimed Dividends and IEPF Transfer
Jindal Drilling And Industries Limited has issued an update to shareholders concerning the mandatory transfer of equity shares and unclaimed dividends to the Investor Education and Protection Fund (IEPF).The company advises shareholders that all shares for which dividend has not been claimed for seven consecutive years are liable to be transferred to the IEPF set up by the Central Government.
The company notes that records indicate dividend against equity shares held by shareholders remains unclaimed/unpaid for a period of seven consecutive years, citing various commencement periods, including the financial years 2015-16 and 2018-2019.
Shareholders are strongly advised to claim any outstanding or unclaimed dividends due to them. This action is necessary to avoid the transfer of their equity shares to the IEPF account.
Following the transfer of shares to the IEPF, any corporate benefit arising out of the shareholder's holding in the company will also be credited to the IEPF Account. The details of the concerned shareholders and shares are available on the company's website.
JINDRILL Stock Price Movement
Jindal Drilling And Industries Limited shares today slipped by 1.66% to settle at ₹525.45, marking a decline of ₹8.85 from its previous close. The stock traded today with a volume of 125,592 shares.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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