SML Mahindra Limited has informed the Exchange about Newspaper publication giving notice to shareholders about the proposed transfer of unclaimed dividend for FY 2018-19 and the respective shares to Investor Education and Protection Fund Authority
SMLMAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SML Mahindra has published a newspaper notice informing shareholders that unclaimed dividends for financial year 2018-19, along with the shares linked to those dividends, will be transferred to the Investor Education and Protection Fund (IEPF) Authority. Under Indian rules, dividends left unclaimed for 7 years must be moved to the IEPF, and the original shares also get transferred to the fund. Shareholders who haven't claimed their FY2018-19 dividend need to contact the company or its registrar before the transfer date to avoid losing both the money and the shares. Once moved to IEPF, claims can still be filed but the recovery process is slower and paperwork-heavy.
If you hold SML Mahindra shares and never claimed your FY2018-19 dividend, act quickly to file your claim with the company's Registrar (Karvy/MUFG) — otherwise your dividend and underlying shares will be permanently moved to the government IEPF account, where claiming is cumbersome. This is a routine compliance notice and does not affect the company's operations or stock price.