Newspaper advertisement in respect of transfer of shares to IEPF
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Awaiting price reaction for this filing.
Stovec Industries Ltd has submitted a newspaper advertisement published on March 9, 2026 in Business Standard (English) and Jaihind (Gujarati) regarding the upcoming transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. As per Section 124(6) of the Companies Act, 2013, shares of shareholders who have not claimed dividends for seven consecutive years or more must be transferred to IEPF. The notice specifically targets shareholders with unclaimed dividends from FY 2018 onwards, asking them to claim their dividend on or before June 5, 2026. After this deadline, the company will transfer the underlying shares to the IEPF Demat Account, and all future benefits on those shares will also be credited to IEPF. Shareholders can reclaim the shares later from IEPF by following the prescribed procedure.
This is a routine regulatory compliance filing. Shareholders of Stovec Industries who have not claimed dividends since FY 2018 should act before June 5, 2026 to avoid losing their shares to the IEPF. No direct impact on the stock price is expected from this disclosure.