Happy Forgings urges shareholders to claim unpaid dividends

Happy Forgings Limited has issued a reminder to its shareholders regarding unclaimed dividends, aligning with the "Saksham Niveshak" campaign initiated by the Investor Education and Protection Fund Authority. The company is encouraging shareholders to update their details and claim any unpaid or unclaimed dividends to avoid their transfer to the IEPF. This disclosure follows a Ministry of Corporate Affairs circular requesting companies to launch a 100-day campaign to reach shareholders with unpaid or unclaimed dividends.

Under the Companies Act, 2013, and IEPF Rules, any unpaid or unclaimed dividend for seven consecutive years or more will be transferred to the IEPF. This also applies to the corresponding shares. Shareholders holding shares in demat form need to submit a request letter, a self-attested copy of their Client Master List, and an original cancelled cheque. For physical shares, a request letter, original unclaimed warrant(s) (if applicable), and an original cancelled cheque are required.

The company has advised that outstanding payments will only be credited to bank accounts if the folio is KYC compliant, requiring registration of PAN, contact details, bank account details, and specimen signature. Shareholders who have dematerialized their shares must provide Form ISR-1, along with an original cancelled cheque and an attested copy of their passbook or bank statement. Further information and assistance can be obtained from the company's registrar and transfer agent, MUFG Intime India Private Limited.