SMIFS Capital Markets Ltd — Updates, 24-04-2025: Company Update
Nexome Capital Markets Limited has notified shareholders of the requirement to transfer shares and unclaimed dividend amounts related to the financial year 2017-18 to the Investor Education and Protection Fund (IEPF), in accordance with applicable laws. Individual communications were sent to shareholders who haven't claimed their dividends over seven consecutive years. The company has set a deadline for shareholders to submit necessary documentation to claim their shares and dividends by October 15, 2025. Failure to respond will result in automatic transfer of shares to the IEPF without further notice. This movement could lead to a modest impact on investor interest as unclaimed dividends indicate potential disengagement from some shareholders.
