Petronet LNG Issues Notice Regarding Transfer of Unclaimed Dividends to IEPF
Petronet LNG Limited has issued an intimation to its shareholders concerning the status of unpaid and unclaimed dividends and associated equity shares. The notice details the mandatory process for transferring these unclaimed amounts to the Investor Education and Protection Fund (IEPF).The communication outlines the statutory requirement for companies to transfer unpaid dividends remaining unclaimed for a specified period to the IEPF. Similarly, shares for which dividends have not been paid or claimed for a defined duration are also subject to transfer to the IEPF Account.
The company specifically highlights two dividends due for potential transfer to the Fund:
| Financial Year | Type of Dividend | Due Date for Transfer to IEPF |
|---|---|---|
| 2018-19 | Final Dividend | 30.09.2026 |
| 2019-20 | Special Interim Dividend | 30.11.2026 |
Shareholders who have not claimed their unclaimed dividends or shares within the mandated timeframes must take action to avoid the amounts being transferred to the IEPF Authority.
The company reminds shareholders that detailed information regarding unclaimed dividends and shares liable for transfer to IEPF is available on the Petronet LNG website.
To claim any unclaimed amounts, the company advises shareholders that the final dividend for the FY 2018-19 and the Special Interim Dividend for FY 2019-20 would be due for transfer to the Fund in compliance with rules governing unclaimed dividends.
The company has noted that previously, unclaimed dividends up to the Special Interim Dividend for FY 2018-19 have already been transferred to the IEPF Authority.
Shareholders are advised to claim their unpaid/unclaimed dividends by following the appropriate procedures. The notice specifies that unclaimed dividends will be transferred to the IEPF Authority if a claim is not received by the stipulated deadlines. The corresponding shares will also be transferred to the IEPF.
For comprehensive details on claiming shares or dividends from the IEPF Authority, the company advises accessing the dedicated sections on its website.
PETRONET Stock Price Movement
Petronet LNG Limited shares closed today, shedding 0.46% to settle at ₹280.2. The stock finished the session down ₹1.30, with trading activity reaching 1.67 million 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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