Rane Brake Lining Limited — Others, 04-12-2024: Copy of Newspaper Publication

Rane Brake Lining Limited has issued a notice to shareholders regarding the compulsory transfer of equity shares to the Investor Education and Protection Fund (IEPF) for shares with unclaimed dividends over the past seven consecutive years. Individual communications have been sent to affected shareholders, with details also available on the company’s website. This transfer is set to take place within 30 days after March 6, 2025. Failure to claim these dividends will lead to the automatic transfer of shares to the IEPF, and no claims can be made against the company once this occurs. Shareholders are urged to verify their unclaimed dividends promptly.

For investors, this move highlights governance and compliance measures, though it may pose a slight risk if shareholders overlook their claims. Overall, keeping an eye on dividend claims could be prudent for stakeholders.