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Eveready Industries India Ltd. has announced a board meeting to address the issuance of a duplicate share certificate for 133 shares requested by shareholder Pradipta Kundu. The company is in the process of complying with the necessary formalities to issue the duplicate certificate. Shareholders are advised to refrain from any transactions involving the specified shares until the matter is resolved.
This development may signal increased scrutiny around share ownership and could impact investor confidence, particularly concerning the handling of shareholder requests and potential risks of share mismanagement. A cautious approach is advised as the situation unfolds.