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Bharat Heavy Electricals Limited has conveyed to shareholders that unclaimed dividends and associated equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority if not claimed by March 9, 2025. This affects dividends declared since the 2017-18 financial year. The company has also communicated individually with the concerned shareholders.
This action is significant as it aims to ensure compliance with IEPF rules and safeguards shareholder interests. Investors should be aware of the potential risk of losing their dividends and shares if they do not respond promptly, which may lead to negative sentiment among those affected.