During the Initial Public Offer of the Company in the year 2006, certain equity shares allotted by the Company have not been claimed by the respective allottees. In terms of Clause 5A of the Listing Agreement, unclaimed shares of the Company should be transferred to an “Unclaimed Suspense Account” opened by the Company and the shares lying therein should be dematerialized with a Depository Participant. The voting rights of such shares remain frozen till the rightful owner claims the shares. Accordingly, the Company has opened a demat account with a Depository Participant and transferred the unclaimed equity shares to the said account, the details of which are given below.
Details of Unclaimed Equity Shares