Submission of Newspaper Advertisement - Notice of Transfer of Unclaimed Dividend for the FY 2017-18 and the underlying Equity Shares to IEPF.
SARLAPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sarla Performance Fibers has published a newspaper advertisement notifying shareholders that unclaimed dividends from financial year 2017-18, along with the corresponding underlying equity shares, will be transferred to the Investor Education and Protection Fund (IEPF). Under Indian rules, dividends unclaimed for 7 consecutive years and the shares linked to them must be moved to the IEPF. Shareholders who have not yet claimed their dividend for FY 2017-18 or subsequent years need to act before the transfer date to avoid losing their shares. After transfer, shareholders can still claim back from IEPF by submitting the required forms and documents, but the process is more involved.
This is a routine regulatory compliance filing and is unlikely to move the stock price. However, shareholders holding shares linked to unclaimed FY 2017-18 dividends should contact the company's registrar immediately to claim their dividend and prevent their shares from being transferred to IEPF.