IFB Industries Reports Loss of Share Certificates to Stock Exchanges
Team Finance Saathi
16/Dec/2024

What's covered under the Article:
- IFB Industries informs BSE, NSE, and Calcutta Stock Exchange about the loss of share certificates.
- The company received intimation from CB Management Services regarding lost certificates.
- Shareholders' names, certificate numbers, and reasons for the loss are shared with stock exchanges.
IFB Industries Limited, a prominent name in the Indian industrial sector, has issued an official notification to the BSE, NSE, and Calcutta Stock Exchange on December 16, 2024, regarding the loss of share certificates. The report is in accordance with Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The notification follows an earlier communication from CB Management Services Pvt Ltd, the Registrar and Share Transfer Agent for IFB Industries, which confirmed that certain share certificates had been lost by their respective holders. As per the details provided, the lost certificates are from the following shareholders:
- Daxay Vora (Certificate No. V0000308, Distinctive No. 4381020–4381044, 25 shares lost).
- Dalpatram Jani, Nitin Jani, and Dipti Jani (Certificate No. J0000832, Distinctive Nos. 3770820–3770844, 4171895–4171919, 6116956–6116980, 9694544–9694588, totaling 100 shares lost).
- A M Rodrigues (Certificate No. 30001785, Distinctive Nos. 10714848–10715047, 200 shares lost).
The loss of these certificates has led to a stop transfer request for the affected folios, preventing any unauthorized transactions from taking place on the shares.
In response, IFB Industries has formally informed the stock exchanges, ensuring that the necessary actions are taken to prevent any discrepancies in share ownership and to maintain transparency in accordance with SEBI regulations. This filing is part of the compliance requirements and will be audited by SEBI and other regulatory authorities.
Ritesh Agarwal, the Company Secretary at IFB Industries, signed off on the notice, which also includes attachments from CB Management Services detailing the loss of these certificates. The company has provided all required documentation to the stock exchanges, and as per protocol, the stock exchanges are expected to take the necessary steps to update their records and freeze the affected certificates.
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