In compliance with Regulation 47 of SEBI LODR, we are enclosing the copies of newspaper advertisement pertaining to Notice of transfer of equity shares and unclaimed dividend of the company ....
Awaiting price reaction for this filing.
SKF India has published newspaper advertisements in Financial Express (All India Editions) and Loksatta on 25th April 2025, notifying shareholders about the upcoming transfer of equity shares and unclaimed dividends to the Investor Education and Protection Fund (IEPF) Authority. As per Section 124(6) of the Companies Act, 2013, shares and dividends unclaimed for 7 consecutive years (FY 2018-2024) are liable to be transferred to the IEPF. The company has already sent individual notices to concerned shareholders at their latest available addresses and posted the full list on its website. Shareholders have until 16th August 2025 to respond; otherwise, the shares and unpaid dividends will be moved to the IEPF Demat Account within 30 days.
This is a routine regulatory compliance filing and does not affect the company's operations or financials. Shareholders who have not claimed dividends for 7 or more years should act before the 16th August 2025 deadline to avoid their shares being transferred to the IEPF, from where recovery is possible but more cumbersome. No material impact on stock price is expected.