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Tata Investment Corporation Limited ( (IN:TATAINVEST) ) has shared an update.
Tata Investment Corporation Limited has notified the stock exchanges that it has issued reminder letters and newspaper advertisements to shareholders who have not claimed dividends for seven or more consecutive years. These shareholders’ shares are now liable to be transferred to the Investor Education and Protection Fund Authority, in line with Section 124(6) of the Companies Act, 2013 and related IEPF rules.
The move reflects the company’s compliance with Indian corporate governance and investor protection regulations, ensuring that long-unclaimed dividends and corresponding shares are handled as mandated by law. For affected shareholders, the communication is a final prompt to regularise their claims before their shares are moved to the IEPF, which may later require a more formal process for recovery, potentially impacting retail investors who are not actively tracking their holdings.
More about Tata Investment Corporation Limited
Tata Investment Corporation Limited is a non-banking financial company in India focused on long-term investments in equity shares, debt instruments, and other securities. The company primarily operates as an investment holding and advisory entity within the broader Tata Group, providing investors exposure to a diversified portfolio of listed and unlisted companies across sectors.
Average Trading Volume: 143,505
Technical Sentiment Signal: Strong Buy
Current Market Cap: 360.7B INR
See more data about TATAINVEST stock on TipRanks’ Stock Analysis page.