Swelect Energy Systems Limited has informed the Exchange about Copy of Newspaper Publication regarding transfer of Equity Shares of the Company to Investor Education and Protection Fund
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Awaiting price reaction for this filing.
Swelect Energy Systems Limited has informed the stock exchanges about a newspaper notice published on June 11, 2025 in 'Business Standard' (English) and 'Makkal Kural' (Tamil). The notice is a final reminder to shareholders who have not claimed their dividends for seven consecutive years, starting from the dividend declared for financial year 2017-18. As per the IEPF Authority Rules, 2016, equity shares of such shareholders will be transferred to the Investor Education and Protection Fund. The disclosure was filed with BSE (scrip code 532051) and NSE (scrip code SWELECTES) on June 12, 2025, signed by Company Secretary J. Bhuvaneswari.
This is a routine regulatory compliance filing and is unlikely to impact the stock price. However, shareholders who have not claimed dividends since FY 2017-18 should act quickly to claim their shares before they are transferred to the IEPF, as reclaiming them later involves a more complex process.