SALONANSESalona Cotspin LimitedMinimalNeutral
Announced Wed, 23 Jul · 18:09 IST

Salona Cotspin Limited has informed the Exchange about Copy of Newspaper Publication - Pursuant to provisions of Regulation 30 read with Schedule Ill and Regulation 47(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the copies of the newspaper advertisement published by the Company in the following newspapers on July 23, 2025, regarding the notice to shareholders for transfer of equity shares of the Company to Investor Education and Protection Fund ( IEPF ) Authority in line with the provisions of Section 124 of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.(i) English: Trinity Mirror(ii) Tamil: Makkal Kural

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Salona Cotspin Limited has published notices in Trinity Mirror (English) and Makkal Kural (Tamil) on July 23, 2025, informing shareholders that their equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority. This is being done under Section 124 of the Companies Act, 2013, for shareholders who have not claimed dividends for seven consecutive years. The unclaimed dividend for FY 2017-18 will be moved to IEPF if not claimed by October 23, 2025, and the corresponding shares will also be transferred without further notice. Shareholders can still reclaim their shares by submitting Form IEPF-5 on the MCA portal. The company's Registrar is MUFG Intime India Private Limited, based in Coimbatore.

Likely market impact

This is a routine regulatory compliance filing with no material impact on the stock price. Shareholders who have unclaimed dividends for 7+ years must act before October 23, 2025, to prevent their shares from being transferred to IEPF.