SMLMAHNSESML Mahindra LimitedMinimalNeutral
Announced Fri, 29 May · 21:56 IST

SML Mahindra Limited has informed the Exchange regarding Notice To Shareholders Related To Transfer Of Equity Shares Of The Company To Investor Education And Protection Fund (IEPF) Account

SMLMAH · price

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Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹3727.80
prior close
₹3798.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-2.4-2.4-2.8-2.1+1.7+0.6+1.8-0.6+1.1+10.3+5.7
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AI summary

SML Mahindra Limited has issued a notice to shareholders reminding them that unclaimed dividend for the financial year ended 31st March 2019, along with the corresponding equity shares, will be mandatorily transferred to the Investor Education and Protection Fund (IEPF) on 4th November 2026. Shareholders must submit their claim along with required documents (letter of undertaking, PAN card, address proof, cancelled cheque) by 30th September 2026 to avoid this transfer. The company also notes that dividends for FY 2023-24 and FY 2024-25 also remain unclaimed. No dividend was declared from FY 2019-20 to FY 2022-23. Once transferred to IEPF, voting rights on those shares will be frozen and future dividends on such shares will also be credited to IEPF. Shareholders can later reclaim both dividend and shares by applying through Form IEPF-5 on the IEPF portal.

Likely market impact

This is a regulatory compliance filing with no direct impact on the company's financials or stock price. Affected shareholders risk losing voting rights and future dividends on shares transferred to IEPF if they do not claim by the deadline.