Gujarat Alkalies and Chemicals Limited (GACL), a leading chemical manufacturer in India, has received an intimation about the loss of multiple share certificates from shareholder Shekhar Dattatray Karnik. The company's Registrar and Transfer Agent (RTA), Link Intime India Pvt. Ltd., is currently verifying the documents submitted by the shareholder.
GACL has taken prompt action in response to this notification, issuing a stop transfer on the affected shares to prevent any unauthorized transactions. This step is crucial to protect the shareholder's ownership rights and prevent any potential misuse of the lost certificates.
Once the RTA completes the verification process, GACL will consider issuing duplicate share certificates or letters of confirmation to the shareholder. This will enable the shareholder to regain control of their shares and continue exercising their rights, such as receiving dividends and participating in company meetings.
The company has reassured its shareholders that it is committed to resolving the matter promptly and efficiently. GACL's actions highlight its dedication to ensuring the security and integrity of its shareholding records, as well as protecting the interests of its investors.
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