Albert David to transfer unclaimed shares to IEPF Authority

Albert David Limited (BSE: ALBERTDAVD) announced that it will transfer equity shares to the IEPF Authority, as per regulatory requirements, for dividends unclaimed since the financial year 2017-18. This move complies with Section 125 of the Companies Act, 2013, and related IEPF rules, mandating the transfer of unclaimed dividends and associated shares after seven years. Shareholders have been requested to claim their outstanding dividends by September 15, 2025, to avoid the transfer of their shares. The company provided details of unclaimed dividends, including warrant numbers and amounts (e.g., DIV1718), and instructed shareholders to contact Maheshwari Datamatics Private Limited, the Registrar and Share Transfer Agent, for claim processing, including ensuring registered bank details.