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Astral Limited ( (IN:ASTRAL) ) just unveiled an update.
Astral Limited has announced the transfer of equity shares to the Investor Education and Protection Fund (IEPF) due to unclaimed dividends for seven consecutive years. This move is in compliance with the Companies Act, 2013, and affects shareholders who have not claimed their dividends since the 2017-18 financial year. The company has issued notices to the affected shareholders and will issue new share certificates for the transfer process. This action underscores Astral’s adherence to regulatory requirements and impacts shareholders who need to claim their dividends before the deadline to avoid the transfer of their shares.
More about Astral Limited
Astral Limited operates in the manufacturing industry, primarily focusing on producing and distributing plumbing and drainage systems. The company is known for its innovative solutions in the construction sector and has a significant market presence in India.
Average Trading Volume: 35,443
Current Market Cap: 418.5B INR
Learn more about ASTRAL stock on TipRanks’ Stock Analysis page.