Reminder letter sent to those shareholders whose Dividend has remained unclaimed or unpaid since FY 2018-19 for a period of seven consecutive years or more and whose shares are liable to ....
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SML Mahindra has sent reminder letters to shareholders who have unclaimed dividends from FY 2018-19 and whose shares are liable for mandatory transfer to the Investor Education and Protection Fund (IEPF). The transfer deadline is 4th November, 2026, with shareholders requested to claim by 30th September, 2026 to avoid transfer. The company also notes unclaimed dividends for FY 2023-24 and FY 2024-25. No dividend was declared between FY 2019-20 and FY 2022-23. After transfer, voting rights on these shares will be frozen and future corporate benefits will be credited to IEPF. Shareholders can later claim from IEPF Authority via Form IEPF-5.
Shareholders with unclaimed dividends risk losing voting rights and future dividends on affected shares, which will be frozen upon IEPF transfer. This is a compliance filing with no direct impact on stock valuation.