Paushak Limited Notifies Shareholders Regarding Transfer of Unclaimed Shares to IEPF
Paushak Limited issued an announcement detailing the process by which equity shares and corresponding unclaimed dividends that have not been claimed for seven consecutive years or more will be transferred to the Investor Education and Protection Fund (IEPF).The company notified shareholders regarding the transfer of shares to the IEPF, which is a fund constituted by the Government of India. The transfer applies to shares on which dividends have not been encashed or claimed for seven consecutive years or more, as per the provisions of the Companies Act, 2013.
According to the notice, the company observed that certain shareholders have not encashed dividend warrants for the last seven consecutive years, commencing from the unpaid Final Dividend for the year 2018-2019.
The notice provided the following schedule for the dividend amounts not claimed:
| Dividend for the Financial Year | Dividend Amount (Rs.) | No. of shares having Old Face value of Rs. 10/- each for the concerned financial year. |
|---|---|---|
| 2018-2019 | ||
| 2019-2020 | ||
| 2020-2021 | ||
| 2021-2022 | ||
| 2022-2023 | ||
| 2023-2024 | ||
| 2024-2025 | ||
| No. of shares liable to be transferred to IEPF Account (Splitted Shares Face Value of Rs 5/- only) * |
The company added that unclaimed dividend(s) for periods prior to those years have already been transferred to the IEPF. Shareholders can claim back the unclaimed shares and corresponding dividends from the IEPF by filing web form No. IEPF-5.
Shareholders are requested to claim any outstanding unpaid dividend on or before August 31, 2026. Failure to claim the dividends by this deadline will result in the referred shares being transferred to the IEPF.
PAUSHAKLTD Stock Price Movement
Today, Paushak Limited shares edged higher to close at ₹457.00, gaining 0.36% for the session. The stock traded on a total volume of 4,887 shares, signaling positive momentum in the Specialty Chemicals sector.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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