Vedant Fashions Limited has informed shareholders about the transfer of unclaimed dividends and corresponding shares to the Investor Education and Protection Fund Authority (IEPF). The company has dispatched communications to shareholders whose dividends have remained unclaimed for seven consecutive years, warning of impending share transfer to the IEPF if no action is taken. This proactive measure aims to comply with regulations and ensure proper handling of shareholder assets.
Shareholder Communication on Unclaimed Dividends
Vedant Fashions Limited has completed the dispatch of individual communications to shareholders regarding unclaimed dividends. This action is in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of Communication Sent
The company has reached out to concerned shareholders via:
- Email to their registered email addresses.
- Physical reminder letters sent to their registered postal addresses.
Impending Share Transfer to IEPF
These communications serve to inform shareholders about the impending transfer of their shares to the Investor Education and Protection Fund (IEPF). This transfer will occur if their dividend(s) remains unclaimed for a period of seven consecutive years. The company urges shareholders to take note of this critical information to avoid forfeiture of their shares and associated dividends.
This intimation is provided for the information and records of the stock exchanges.
Source: BSE
