SBIN: State Bank of India has informed the Exchange about Copy of Newspaper Publication regarding shares transferred to IEPF
SBIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
State Bank of India has submitted copies of newspaper publications to BSE and NSE, informing shareholders about shares transferred to the Investor Education and Protection Fund (IEPF). The notices were published in Business Standard (English and Hindi editions) and Aapla Mahanagar (Marathi). Under IEPF rules, shares of shareholders who have not claimed dividends or related amounts for seven or more consecutive years are moved to the IEPF authority. This is a routine compliance filing to ensure shareholders are formally notified and given a chance to reclaim their shares. Shareholders who believe their shares have been wrongly transferred can approach the bank or the IEPF authority to file a claim.
This is a routine regulatory compliance filing with no material impact on the stock price. It mainly serves as a public notice urging shareholders with unclaimed shares to take timely action to reclaim them before the standard IEPF claim window closes.