Lumax Industries Limited

Lumax Industries Limited

Lumax Industries Limited announced the publication of newspaper advertisements concerning the transfer of unpaid/unclaimed dividends and their underlying equity shares. This action specifically relates to dividends declared for the Financial Year 2018-19. As per regulatory compliance, these unclaimed amounts and associated shares will be moved to the Investor Education and Protection Fund (IEPF) Authority. This serves as a final statutory notice for shareholders who have not yet claimed their FY 2018-19 dividend, as they would subsequently need to claim these assets directly from the IEPF.

Lumax Industries Limited

Lumax Industries Limited has issued an intimation to shareholders regarding the transfer of unpaid and unclaimed dividends for the financial year 2018-19. As per regulatory requirements, these dividends, along with the underlying equity shares, will be transferred to the Investor Education and Protection Fund (IEPF). The company has dispatched letters to affected shareholders as mandated by Section 124(6) of the Companies Act, 2013, and IEPF Rules. Investors who have not claimed their dividend from FY 2018-19 are advised to take prompt action, as future claims will need to be processed directly through the IEPF Authority.

Lumax Industries Limited

Lumax Industries Limited announced a compliance filing related to SEBI Takeover Regulations. Stanley Electric Co.,Ltd, a significant entity, submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This specific regulation mandates the disclosure of shares encumbered by promoters, such as pledged shares. While the details of any encumbrance are not provided in this particular announcement, the submission signifies a change in the status of promoter holdings requiring public notification. Investors often monitor such disclosures for insights into the financial position of promoters or potential implications for share liquidity.