Astec Lifesciences Moves Unclaimed Shares to IEPF

Astec Lifesciences Limited is beginning the process to transfer equity shares tied to unclaimed dividends to the Investor Education and Protection Fund (IEPF), in line with Section 124(6) of the Companies Act, 2013.

Shareholders who haven't claimed dividends dating back to fiscal year 2018-19 face a critical deadline: August 26, 2026. Failure to claim by this date means their associated shares will be transferred to the IEPF.

Why This Transfer is Happening

The company is acting on dividends that have remained unpaid and unclaimed for seven consecutive years or more from the date they were due. The Companies Act requires these funds and their associated shares to be transferred to the IEPF, a body set up to promote investor awareness and protection.

What Shareholders Need to Do

Shareholders must claim their unpaid dividends and related shares before the stipulated deadline. For those with physical share certificates, the company will issue duplicate certificates for the IEPF transfer, canceling the originals. For shares held in dematerialized form, the transfer will be managed by the depositories through a corporate action.

Key Dates for Shareholders

• Unclaimed Dividends Period: From Fiscal Year 2018-19 onwards.
• Final Claim Deadline: August 26, 2026.
• Recommended Claim Submission: August 7, 2026.

Shareholders are urged to check their unclaimed dividend status and initiate the claim process promptly. It is advisable to submit all necessary documentation before the preferred submission date to ensure timely processing and avoid the permanent loss of shares to the IEPF.