Salasar Techno Engineering Limited has informed the Exchange about Copy of Newspaper Publication related to transfer of Equity shares to the IEPF pertaining to interim dividend for FY 2018-19.
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Salasar Techno Engineering has published a notice in newspapers regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF). This action relates to shares belonging to shareholders who did not claim or encash their interim dividend declared for the financial year 2018-19. Under SEBI rules, shares linked to unclaimed dividends for seven or more consecutive years must be moved to the IEPF. The newspaper publication is a mandatory legal step to alert affected shareholders before the actual transfer takes place.
Shareholders who have not claimed their interim dividend from FY 2018-19 risk losing their shares to the IEPF if they do not act soon. Affected investors should immediately contact the company's registrar to claim their dividends and prevent the transfer of their equity shares.