Enclosed intimation regarding 100 Days Campaign - Saksham Niveshak.
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Awaiting price reaction for this filing.
Magna Electro Castings Ltd has informed BSE about its participation in the 'Saksham Niveshak' 100-day campaign (28 July 2025 to 6 November 2025), launched per an MCA circular dated 16 July 2025. The campaign aims to reach shareholders whose dividends have been unpaid or unclaimed and to encourage KYC updates (bank mandates, nominees, contact details). Dividends remaining unclaimed for 7 years (from FY 2017-18 onwards) are liable to be transferred to the Investor Education and Protection Fund Authority (IEPFA). The company has already sent individual notices on 18 July 2025 to concerned shareholders, with a key deadline of 10 October 2025 for FY 2017-18 dividend claims. Shareholders can update KYC via MUFG Intime India (RTA) or their depository participant.
This is a routine compliance and investor awareness filing with no direct impact on the stock price. Shareholders with old unpaid dividends or pending KYC should act before the deadlines to avoid their shares/dividends being transferred to the IEPF, after which recovery becomes difficult.