Submission of letter sent to shareholders for proposed transfer of their unclaimed and unpaid dividend and eligible equity share to IEPF authority.
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Swastika Investmart Ltd has submitted to BSE a copy of the notice sent to eligible shareholders whose dividends have remained unclaimed for seven consecutive years starting from FY 2017-18. Under Section 124(6) of the Companies Act, 2013, both the unclaimed dividend amount and the corresponding equity shares (face value Rs. 2) will be transferred to the Investor Education and Protection Fund (IEPF) Authority. The deadline for shareholders to claim their dividend and stop the transfer is October 20, 2025, after which the transfer will take effect on November 1, 2025. Shareholders need to contact the company's Registrar and Share Transfer Agent, M/s Ankit Consultancy Pvt Ltd in Indore, and submit the required KYC documents. Once shares are moved to IEPF, shareholders can only reclaim them by applying through Form IEPF-5 on the IEPF website.
This is a routine regulatory compliance disclosure and is unlikely to have any direct impact on the stock price. However, retail shareholders with unclaimed dividends since FY 2017-18 risk losing ownership of their shares if they do not act before October 20, 2025.