Orient Paper & Industries Limited to Transfer Unclaimed Dividends and Shares to IEPF

Orient Paper & Industries Limited to Transfer Unclaimed Dividends and Shares to IEPF​

Orient Paper & Industries Limited has notified shareholders regarding the transfer of equity shares and unpaid dividends to the Investor Education and Protection Fund (IEPF) of the Central Government. The transfer applies to dividends that have remained unclaimed or unpaid for a consecutive period of seven years.

The company issued the notice concerning payments related to equity shares whose dividends have not been paid or claimed since the financial year 2018-19.

According to the notice, any dividend that remains unpaid or unclaimed for seven consecutive years from the date of transfer to the Unpaid Dividend Account, along with the associated equity shares, will be transferred to the IEPF Authority.

The specific unclaimed dividend details flagged by the company span the following period:


Shareholders who wish to claim the outstanding dividend and associated shares are advised of the transfer process. If the dividend and equity shares are not claimed, they will be transferred to the IEPF Authority.

The notice specifies that failure to claim the dividend and shares by the stated deadline will result in the company proceeding with the transfer of funds and shares to the IEPF Authority without further notice.

Shareholders who are unable to claim the dividend will find the shares and dividends transferred to the IEPF Authority. Any person whose shares or unpaid dividend is transferred to the IEPF Authority may claim the amount directly from the IEPF Authority by submitting an online application in Form IEPF-5.

ORIENTPPR Stock Price Movement​

Today, Orient Paper & Industries Limited shares edged higher to close at ₹17.07, marking a solid 1.24% gain for the day. The stock experienced notable trading interest, settling within a range of ₹16.9 to ₹17.44 on a volume of 224,347 shares.