Ponni Sugars notifies shareholders of lost share certificate and IEPF transfer for FY 2017-18 via newspaper ads. Key regulatory updates inside.
Ponni Sugars (Erode) Issues Newspaper Notices on Shareholder Matters
Ponni Sugars (Erode) Ltd, a prominent player in the Indian sugar industry, made two key announcements on May 27, 2025, under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR). These updates were formally disclosed through newspaper publications, signaling compliance with investor protection norms and corporate transparency.
The notices involve:
- Intimation about the transfer of unclaimed dividends and corresponding shares to the Investor Education and Protection Fund (IEPF).
- Notification regarding the loss of share certificate by shareholder WPS PTE LTD.
Let’s delve deeper into the details and implications of these developments.
Notice 1: Transfer of Unclaimed Dividends and Shares to IEPF
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Under Section 124(6) of the Companies Act, 2013, and the applicable IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, Ponni Sugars has informed shareholders about the imminent transfer of unclaimed dividends and corresponding shares for the year 2017-18 to the IEPF account.
This procedure is necessary in those firms whose dividends remain unclaimed for seven consecutive years. The firm has also announced that shareholders’ information has been posted on the company website so investors can verify if their shares are affected.
What Shareholders Should Know:
- Affected shareholders can claim their dividends and shares from the IEPF by submitting Form IEPF-5.
- The publication ensures wide visibility, safeguarding shareholder interests and complying with regulatory obligations.
- Shareholders are encouraged to act swiftly to prevent permanent transfer to IEPF.
The formal notice can be viewed on the BSE website.
Notice 2: Loss of Share Certificate Reported by WPS PTE LTD
In a separate notice, Ponni Sugars announced that shareholder WPS PTE LTD has reported the loss of a share certificate. This disclosure is made in accordance with standard company protocols and SEBI regulations, aimed at protecting investor holdings and maintaining updated share records.
The company has initiated the standard procedure of:
- Publishing the loss in newspapers as a public notice.
- Allowing a period for objections or claims.
- Facilitating the issuance of duplicate share certificates upon successful completion of due diligence.
Such announcements act as preventive measures to avoid fraudulent transfers and to maintain the sanctity of shareholding records.
Compliance & Corporate Governance
These announcements reflect Ponni Sugars (Erode) Ltd’s commitment to high standards of corporate governance. By ensuring shareholders are well-informed through public notices, the company:
- Reinforces its transparency.
- Fulfills mandatory disclosure norms under SEBI LODR.
- Proactively addresses investor-related matters.
Both updates fall under the “Newspaper Publication” category of disclosure and align with the regulatory framework set by the Securities and Exchange Board of India (SEBI).
About Ponni Sugars (Erode) Ltd
Ponni Sugars (Erode) Ltd (BSE Code: 532460) is a prominent Indian sugar manufacturing company headquartered in Tamil Nadu. Its reputation for operational efficiency and corporate integrity has ensured that the company has been a model of compliance with stock exchange and regulatory standards consistently.
For more information or to verify the shareholder notices, investors are advised to visit the official BSE listing page.
