Munjal Auto Industries Limited — Important, 01-02-2025: General Updates
Notice regarding the transfer of shares to the Investor Education and Protection Fund (IEPF) has been published in major newspapers. Shareholders are reminded that shares with unclaimed dividends for seven consecutive years will be transferred to the IEPF if no action is taken by the concerned shareholders. Notices have been sent to eligible shareholders to address unclaimed dividends before the deadline. If no claim is filed by March 31, 2025, the shares will be transferred to the IEPF, along with future benefits from such shares. This move necessitates that shareholders with physical shares request new certificates for any shares transferred, as original certificates will become non-negotiable. Investors should ensure their claims are submitted timely to avoid loss of shares and dividends, indicating a somewhat watchful scenario for shareholders involved.
