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Bannari Amman Spinning Mills to Transfer Unclaimed Shares to IEPF

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Bannari Amman Spinning Mills to Transfer Unclaimed Shares to IEPF

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Bannari Amman Spinning Mills Limited ( (IN:BASML) ) just unveiled an update.

Bannari Amman Spinning Mills Limited has announced the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action pertains to shares for which dividends have not been claimed or paid for the past seven years. The company has published notices in newspapers to inform shareholders and has provided details on its website, urging shareholders to claim their dividends before the specified deadline to avoid the transfer of their shares to the IEPF account. This move ensures compliance with regulatory requirements and impacts shareholders who have not claimed their dividends, emphasizing the importance of timely dividend claims.

More about Bannari Amman Spinning Mills Limited

Bannari Amman Spinning Mills Limited operates in the textile industry, focusing on the production and distribution of cotton yarn, woven and knitted fabrics, and home textiles. The company is based in Coimbatore, Tamil Nadu, India, and is a significant player in the textile market, catering to both domestic and international markets.

Average Trading Volume: 25,730

Technical Sentiment Signal: Sell

Current Market Cap: 2.52B INR

For detailed information about BASML stock, go to TipRanks’ Stock Analysis page.

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