Notice to equity shareholders about the proposed transfer of unclaimed dividend and underlying equity shares of the Company to the IEPF Authority.
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Saven Technologies has published a newspaper advertisement on 13th October 2025 in Financial Express and Andhra Prabha, and sent reminder letters to shareholders who have not claimed their final dividend for FY 2018-19. Under Section 124(6) of the Companies Act, 2013, dividends unclaimed for seven or more consecutive years, along with the underlying shares, are required to be transferred to the Investor Education and Protection Fund (IEPF) Authority. Shareholders must submit their claim along with updated bank and KYC details to the Registrar (XL Softech Systems Limited) by 31st December 2025. If no response is received by this deadline, the company will transfer the unclaimed dividends and corresponding shares to the IEPF Suspense Account without further notice.
This is a routine regulatory compliance notice with no direct impact on the stock price or company operations. Shareholders who have unclaimed dividends from FY 2018-19 must act before 31st December 2025 to claim their money and retain their shares; otherwise, both the dividend and shares will be transferred to the government-run IEPF, after which recovery becomes more difficult.