Saven Technologies Limited has announced the re-appointment of its internal auditors. At a board meeting held on May 22, 2026, the directors approved the re-appointment of M/s. Nandyala & Associates, Chartered Accountants, for a period of two financial years, FY 2026-2027 and FY 2027-2028.

Auditor Details

M/s. Nandyala & Associates is a Chartered Accountancy firm established in 1991 by Mr. Nandyala Venkateswarlu in Hyderabad. The firm operates with Firm Registration No (FRN): 005646S. It provides services including Audit Assurance, Taxation, and Advisory, leveraging over three decades of professional experience.

The firm's activities cover Taxation, Corporate Law, Secretarial Compliances, Statutory Audit, Internal Audit, and Advisory services. Its client base includes domestic entities across sectors such as Information Technology, Real Estate, Construction, Manufacturing, Pharmaceuticals, Healthcare, and Insurance.

Board Decisions

The re-appointment was recommended by the Audit Committee and subsequently approved by the Board of Directors. The company confirmed that there are no relationships to disclose regarding the appointment of directors, as this section is not applicable to the re-appointment of the internal auditor firm.

Saven Technologies Limited has informed its shareholders regarding the transfer of unclaimed interim dividend for the financial year 2019-20 to the Investor Education and Protection Fund (IEPF). In accordance with Section 124 of the Companies Act, 2013, and the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the company is required to transfer all unclaimed dividends to the IEPF after the expiry of seven years from the date of transfer to the unpaid dividend account.

The notice specifies that shares for which dividends have remained unclaimed for seven consecutive years or more will be transferred to the demat account of the IEPF Authority within 30 days of becoming due. Saven Technologies has stated that once these shares and dividend amounts are transferred to the IEPF, no claim will lie against the company in respect thereof.

Claim Process and Documentation

Shareholders wishing to claim their outstanding dividend must first ensure that their correct bank details, including core banking account number and IFSC/MICR, are registered with their Depository Participant or the Registrar and Share Transfer Agent, XL Softech Systems Limited. The company has outlined specific documentation requirements based on the mode of share holding.

For shares held in demat form, shareholders must provide a copy of the Demat Account Statement (Client master list) showing name, address, demat, and bank account details, along with a self-attested copy of PAN Card and address proof. For shares held in physical form, required documents include an original cancelled cheque leaf bearing the name of the first shareholder or a bank-attested copy of the first page of the bank passbook/statement of account, along with self-attested copies of PAN Card and address proof.

Important Deadlines

The company has set a strict deadline for shareholders to respond to this intimation letter. All necessary documents and the annexure must reach the Registrar and Share Transfer Agent on or before August 22, 2026. Failure to respond by this date will compel the company to transfer the shares to the IEPF Suspense Account without further notice.

The following table details the dividend declaration dates and the corresponding last dates for claim based on the company's records:

Shareholders can claim the unclaimed dividend amount and shares from the IEPF Authority by submitting an application in Form IEPF-5, available on the Ministry of Corporate Affairs website. For queries, shareholders may contact XL Softech Systems Limited.