Pritika Auto Industries Addresses Shareholders Regarding Unclaimed Dividends from FY 2018-19
Pritika Auto Industries Limited has initiated contact with shareholders regarding dividend warrants that remain unclaimed and unpaid for seven consecutive years, specifically pertaining to the Financial Year 2018-19. The company has been periodically reminding stakeholders who have not encashed these outstanding amounts against their folio or demat account.The management notes that any money transferred to an Unpaid Dividend Account that remains unclaimed for a period of seven years from the date of such transfer is designated for transfer to the Investor Education and Protection Fund (IEPF). Shareholders are being alerted regarding these unpaid dividends, which must be addressed promptly.
Details regarding the unpaid/unclaimed dividend warrants are provided below:
| Year | Amount (rs.) | Warrant no./DD No |
|---|---|---|
| <YEAR> | <AMT> | <WARR_NO / DD NO> |
Shareholders who have not encashed the corresponding dividend warrants for seven consecutive years are required to take specific actions to claim these amounts. The company has outlined necessary procedures for both physical and demat mode holders seeking to transfer the unclaimed amount through electronic modes like ECS or NEFT.
The process requires shareholders to submit various documents, including a duly signed request letter and an undertaking form, to claim the outstanding amount from the company. Failure to claim these amounts may result in the shares held by the shareholder (whether in physical or electronic mode) being transferred to the IEPF, after necessary action is initiated by the Company as per established rules.
Shareholders seeking to recover both the unclaimed dividend amount and the corresponding shares that have been transferred to the IEPF can submit an application in prescribed Form IEPF-5 online and provide the physical copy along with required documents to the designated authorities.
PRITIKAUTO Stock Price Movement
Today, shares of Pritika Auto Industries Limited shed 0.22%, settling at ₹17.8 after trading in the auto components sector. The stock finished the day within a range spanning from a low of ₹17.65 to a high of ₹18.20 on 87,301 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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