SML Mahindra reported a 15% increase in total sales for May, driven by a significant surge in passenger vehicle volumes. The company sold 1,767 units in May, compared to 1,543 units in the same month of the previous fiscal year, according to a regulatory filing.

Passenger vehicle sales led the growth, rising 26% to 1,423 units from 1,130 units in May of the previous year. However, cargo vehicle sales declined by 17% to 344 units from 413 units in the corresponding period.

The cumulative performance for the first two months of the fiscal year also reflected a similar trend. Total sales for April–May reached 3,508 units, a 15% increase over the 3,055 units sold in the same period of the previous year.

Sales Performance Breakdown

The following table details the sales figures for May and the cumulative April–May period:

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Parvesh Madan, Company Secretary & Compliance Officer, signed the filing.

SML Mahindra Limited has notified shareholders regarding the transfer of unclaimed dividends for FY 2018-19 to the Investor Education and Protection Fund (IEPF). The company stated that any dividend amounts remaining unpaid or unclaimed for a period of seven years are liable to be transferred to the IEPF established by the Central Government.

According to the company's records, dividend warrants issued for FY 2018-19 remain unclaimed. Shareholders have been requested to submit their applications to the Registrar and Transfer Agents or the company by September 30, 2026. The due date for the transfer of these funds to the IEPF is November 4, 2026.

Claim Process and Requirements

To facilitate the claim process, shareholders must provide a signed 'Letter of Undertaking' along with self-attested copies of their PAN, address proof, and a cancelled cheque. The company emphasized that requests received after the September 30 deadline will not be processed.

The company also highlighted regulatory requirements concerning physical shareholdings. Security holders holding shares in physical form must update their PAN, contact details, bank account details, and specimen signature to lodge grievances or avail services. Furthermore, dividend payments for such folios are made exclusively through electronic modes.

Contact Information

Shareholders can direct their claims and queries to the following addresses:

Once the unclaimed dividends are transferred to the IEPF, no claim shall lie against the company. However, shareholders can claim the amount from the IEPF Authority by submitting an application in Form IEPF-5 online and sending a physical copy to the company or its registrar for verification.