Newspaper Publication for transfer of Equity Shares to Investor Education & Protection Fund (IEPF) Authority
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SNL Bearings Limited has published notices in Free Press Journal (Mumbai English) and Navshakti (Mumbai Marathi) on June 3, 2025, informing shareholders about the upcoming transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. As per IEPF Rules 2016, shares for which dividends have not been claimed for seven consecutive years or more are liable to be transferred. The due date for claiming unclaimed dividend for FY 2017-18 is September 5, 2025, and shareholders must apply to the company or its registrar MUFG Intime India Private Limited by August 28, 2025. The company has uploaded details of affected shareholders on its website (snlbearings.in). Individual communications have also been sent to concerned shareholders.
This is a routine regulatory compliance announcement. Shareholders who have not claimed dividends since FY 2017-18 risk losing their shares to IEPF, though they can later reclaim them by following the prescribed procedure. No material impact on the company's financials or stock price is expected.