SKF India Limited Issues IEPF Transfer Notice for Unclaimed Shares and Dividends

2 min read     Updated on 24 Apr 2026, 02:08 AM
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AI Summary

SKF India Limited has published a regulatory notice regarding the transfer of unclaimed equity shares and unpaid dividends to IEPF Authority. The notice, dated April 23, 2026, gives shareholders until August 17, 2026, to respond and prevent transfer of assets that have remained unclaimed for seven consecutive years. The company has provided detailed procedures for both demat and physical shareholders, along with comprehensive contact information for queries and recovery processes.

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SKF India Limited has issued a comprehensive notice to shareholders regarding the mandatory transfer of unclaimed equity shares and unpaid dividends to the Investor Education and Protection Fund (IEPF) Authority, in compliance with regulatory requirements.

Regulatory Compliance and Notice Details

The notice, published on April 23, 2026, was issued in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published the newspaper advertisement in Financial Express (All India Editions) and Loksatta Newspapers to inform shareholders about the impending transfer of unclaimed assets to IEPF Authority.

Notice Parameter: Details
Publication Date: April 23, 2026
Regulatory Framework: Section 124(6) of Companies Act, 2013
SEBI Compliance: Regulation 30 of SEBI LODR
Newspapers: Financial Express & Loksatta

Transfer Requirements and Timeline

Under the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, shares and unpaid dividends that have remained unclaimed for seven consecutive years or more must be transferred to the IEPF Authority within 30 days of becoming due for transfer.

Key Deadlines and Actions

Action Required: Timeline
Shareholder Response Deadline: August 17, 2026
Transfer to IEPF: Post deadline if no communication received
Website Verification: Available immediately

The company has sent individual notices to concerned shareholders at their latest available addresses with the Registrar and Transfer Agent (RTA). Complete details of affected shareholders, dividends, and shares due for transfer have been displayed on the company's website at https://www.skf.com/in/investors/skf-india-ltd/shareholder-information .

Shareholder Categories and Procedures

Demat Mode Shareholders

Shareholders holding shares in demat mode will be informed through corporate action by the company to the concerned Depository Participant. The Depository will then effect the transfer of shares in favor of IEPF in its records as required under the Rules.

Physical Mode Shareholders

For shareholders holding shares in physical mode, the company will issue duplicate share certificates in lieu of original certificates for transfer purposes. Upon issuance, the original share certificates will be automatically cancelled and cannot be traded.

Recovery Process and Contact Information

Shareholders can claim back transferred shares and unclaimed dividends from IEPF Authority by following the prescribed procedure under the IEPF Rules. No claim will lie against the company for shares transferred to IEPF.

Contact Details for Queries

Service Provider: Contact Information
Share Transfer Agent: M/s C-101, 1st Floor, 247 Park
Location: Lal Bahadur Shastri Marg, Vikhroli West, Mumbai - 400 083
Phone: +91810 811 8484
Email: investor.helpdesk@in.mpms.mufg.com
Online Queries: https://web.in.mpms.mufg.com/helpdesk/Service_Request.html

Company Information

SKF India Limited, with its registered office at Chinchwad, Pune 411 033, Maharashtra, operates under CIN No: L29130PN1961PLC213113. The notice was signed by Mayuri Kulkarni, Company Secretary & Compliance Officer, emphasizing the company's commitment to regulatory compliance and shareholder protection.

The comprehensive notice ensures transparency in the IEPF transfer process while providing shareholders with adequate time and resources to prevent unintended transfer of their holdings and dividend entitlements.

Historical Stock Returns for SKF India

1 Day5 Days1 Month6 Months1 Year5 Years
-0.86%+4.84%+12.92%-22.52%-3.05%+76.51%

How might the transfer of unclaimed shares to IEPF affect SKF India's shareholding pattern and voting dynamics?

What impact could this IEPF transfer have on SKF India's stock liquidity and market capitalization?

Will SKF India implement new digital communication strategies to reduce future unclaimed dividends and shares?

SKF India Limited Announces Resignation of Head of Automotive Business

1 min read     Updated on 22 Apr 2026, 05:48 AM
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Reviewed by
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AI Summary

SKF India Limited announced the resignation of Mr. Alagesan Thasari, Head of Automotive Business and Senior Management Personnel, effective April 21, 2026. He is leaving to pursue career opportunities outside the company after serving a three-month notice period. The company has accepted his resignation and begun the succession planning process to identify and appoint a replacement, subject to necessary approvals.

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SKF India Limited has announced a significant leadership change with the resignation of Mr. Alagesan Thasari from his position as Head of Automotive Business. The announcement was made through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated April 21, 2026.

Resignation Details

Mr. Alagesan Thasari, who held the designation of Senior Management Personnel, submitted his resignation to pursue career opportunities outside the company. The resignation becomes effective from the closing of business hours on April 21, 2026.

Parameter Details
Position Head – Automotive Business
Designation Senior Management Personnel
Effective Date April 21, 2026
Reason Pursue career opportunities outside the company
Notice Period 3 months

Company Response and Succession Planning

SKF India Limited has accepted Mr. Thasari's resignation and confirmed that there are no other material reasons for his departure beyond those mentioned. The company has proactively initiated the process to identify and appoint a successor to the position, subject to obtaining necessary regulatory approvals.

The resignation letter, dated January 22, 2026, indicates that Mr. Thasari served a three-month notice period. In his letter, he expressed gratitude for the opportunities and support provided during his tenure and committed to ensuring a smooth transition by completing his responsibilities and assisting in the handover of tasks.

Regulatory Compliance

The announcement was made in compliance with SEBI regulations, specifically:

  • Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023
  • Schedule III requirements for Senior Management Personnel changes

The disclosure was signed by Mayuri Kulkarni, Company Secretary & Compliance Officer, and submitted to both NSE and BSE for dissemination on their respective websites.

Historical Stock Returns for SKF India

1 Day5 Days1 Month6 Months1 Year5 Years
-0.86%+4.84%+12.92%-22.52%-3.05%+76.51%

How might the leadership transition in SKF India's automotive division affect the company's market share in India's rapidly growing electric vehicle segment?

What strategic changes could the new Head of Automotive Business implement to capitalize on India's automotive industry transformation?

Will SKF India's automotive business performance be impacted during the interim period before a successor is appointed?

More News on SKF India

1 Year Returns:-3.05%