Shivalik Bimetal Controls Limited has informed the Exchange about Copy of Newspaper Publication - Transfer of Shares to Investor Education and Protection Fund (IEPF)
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Awaiting price reaction for this filing.
Shivalik Bimetal Controls has published a notice in newspapers regarding the transfer of certain shares to the Investor Education and Protection Fund (IEPF). Under Indian company law, shares of shareholders who have not claimed dividends or remained inactive for seven or more consecutive years are required to be transferred to the IEPF. This newspaper publication is a mandatory regulatory step to alert affected shareholders before the actual transfer takes place. Shareholders whose shares are being moved can still reclaim them by following the prescribed process with the company or its registrar.
This is a routine regulatory compliance filing and is unlikely to have a material impact on the stock price. However, shareholders who have unclaimed dividends or inactive accounts should verify whether their shares are on the transfer list and take prompt action to avoid losing ownership of those shares.