Tejas Networks Announces Transfer of Unclaimed Dividend and Shares to IEPF Authority
Tejas Networks Limited has announced that shares and dividend amounts remaining unclaimed for seven consecutive years or more will be transferred to the Investor Education and Protection Fund (IEPF) Authority.The company noted that, under statutory provisions, all shares for which dividends have not been paid or claimed by a shareholder for seven consecutive years or more must be transferred to the IEPF Authority. This process is managed by a Fund constituted by the Government of India under Section 125 of the Companies Act.
The communication specifically highlighted the dividend declared for the financial year 2018-2019, which is currently noted as unclaimed for seven consecutive years or more.
Shareholders who have not claimed the unclaimed dividends on the company's equity shares since the financial year 2018-2019 are advised of the necessary steps.
Key Timeline and Action Items
The company has set a deadline for claiming the unclaimed dividend amount. Shareholders must claim the un-encashed dividend on or before August 10, 2026.
Failure to claim the dividend by the stipulated date will result in the transfer of the shares and the corresponding dividend amount to the IEPF Authority.
Details regarding the dividend years requiring attention are structured as follows:
| Dividend for the Year | Amount (Rs.) |
|---|---|
| Dividend 2018-2019 | (Amount Blank in Source) |
| Dividend 2024-2025 | (Amount Blank in Source) |
The notice advises that in the event of failure to claim the unclaimed dividend by August 10, 2026, the share certificates will be issued and transferred in favor of the IEPF Authority. If shares are held in demat form, the company will instruct the Depositories to execute the corporate action and debit the shares.
Shareholders who have successfully had their unclaimed dividend transferred to the IEPF Authority must file an online application using Form IEPF-5.
TEJASNET Stock Price Movement
Tejas Networks Limited shares today slipped by 1.31% to close at ₹436.7. The stock saw significant activity, reporting a total traded volume of 1.72 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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