Stanrose Mafatlal Investments and Finance Limited has published a newspaper advertisement notice to its shareholders regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF). This action is taken pursuant to the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended.
The notice states that shares for which dividends have remained unpaid or unclaimed for seven consecutive years or more are liable to be transferred to the IEPF Suspense Account in the name of the IEPF Authority.
The company has undertaken two specific actions:
- Sent individual communications to affected shareholders at their latest available addresses
- Uploaded the details of such shareholders and their shares due for transfer on the company's website at http://www.stanrosefinvest.com
Shareholders are informed that both unclaimed dividends and shares transferred to the IEPF Suspense Account, including all benefits accruing on such shares, can be claimed back from the IEPF Authority by following the procedures outlined in the IEPF Rules.
For shareholders holding physical shares, the company will issue duplicate share certificates for the purpose of transferring shares to the IEPF Suspense Account. Upon issuance of these duplicate certificates, the original share certificates registered in shareholders' names will stand automatically cancelled and be deemed non-negotiable.
The company has specified that the details uploaded on its website should be regarded as adequate notice regarding the issuance of duplicate share certificates for the transfer process.
Critical Deadline
Shareholders must claim their dividends on or before September 23, 2026. Failure to meet this deadline will result in the company transferring the shares to the IEPF Suspense Account without any further notice, in compliance with IEPF Rules requirements.