Submission of newspaper advertisement for transfer of unpaid /unclaimed dividend and equity shares of the Company (2018 - 19 Interim Dividend) to the IEPF Account
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Savera Industries has informed the BSE that it has published newspaper notices (in Financial Express and Makkal Kural) regarding the upcoming transfer of unpaid or unclaimed dividends and related equity shares to the Investor Education and Protection Fund (IEPF) Authority. This pertains specifically to the 2018-19 Interim Dividend that has remained unclaimed for seven consecutive years. Under SEBI and Companies Act rules, such unclaimed dividends and the corresponding shares must be moved to the IEPF. The company has set 16 March 2026 as the transfer date. Shareholders who have not yet claimed their 2018-19 interim dividend are advised to contact the company's registrar, Cameo Corporate Services Ltd in Chennai, before the deadline. Full details have also been posted on the company's website, www.saverahotel.com.
This is a routine regulatory compliance filing and has no direct impact on the stock price. However, shareholders who have not claimed their 2018-19 interim dividend should act before 16 March 2026, as their dividend and underlying shares will otherwise be permanently transferred to the IEPF.