Newspaper Advertisement regarding notice of transfer of Equity Shares of the company to IEPF
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Awaiting price reaction for this filing.
Sky Industries Ltd has published a newspaper advertisement in Business Standard (English) and Mumbai Lakshadeep (Marathi) on September 12, 2025, notifying shareholders about the transfer of equity shares to the Investor Education and Protection Fund (IEPF). Shares where dividend has remained unclaimed or unpaid for seven consecutive years or more will be transferred to the IEPF account, in line with Section 124(6) of the Companies Act, 2013. The company has already sent individual notices to affected shareholders and given them until November 11, 2025 to claim their unclaimed dividends or submit required documents. After this date, the shares will be transferred to the IEPF Demat account without further notice.
Shareholders who have not claimed dividends for 7+ years risk losing their shares to IEPF, but they can still reclaim them later from IEPF by following the prescribed procedure. This is a routine compliance filing with no direct impact on the company's financials or stock price, though affected retail investors should act before the November 11, 2025 deadline.