SNL Bearings to transfer unclaimed shares to IEPF for FY 2018-19
SNL Bearings Limited is set to transfer unclaimed dividends and equity shares for FY 2018-19 to the IEPF by September 12, 2026. Affected shareholders must file claims by August 28, 2026, to prevent the transfer of their holdings. The company has notified shareholders via newspaper publications and its website.
*this image is generated using AI for illustrative purposes only.
SNL BEARINGS LIMITED will transfer unclaimed dividends and equity shares for the Financial Year 2018-19 to the Investor Education and Protection Fund (IEPF) by September 12, 2026. Shareholders who have not encashed dividends for seven consecutive years or more are liable to have their shares transferred to the fund. To avoid this, concerned shareholders must submit a claim request along with self-attested KYC documents by August 28, 2026.
The transfer is pursuant to Rule 6 of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, under the Companies Act, 2013. The company has sent individual communications to affected shareholders and published a notice in newspapers, including the Free Press Journal and Navshakti, on June 03, 2026. Full details of the members whose shares are due for transfer are available on the company's website.
Shareholders holding shares in physical form will be issued new share certificates in lieu of the original ones, which will then be automatically cancelled and deemed non-negotiable upon transfer. For those holding shares in electronic form, the demat accounts will be debited for the shares liable for transfer. The company noted that no claim shall lie against it regarding the unclaimed dividend and shares once transferred to the IEPF.
Key Dates and Actions
| Event | Date |
|---|---|
| Newspaper Publication | June 03, 2026 |
| Claim Submission Deadline | August 28, 2026 |
| Transfer to IEPF Due Date | September 12, 2026 |
Contact Information
Shareholders with queries or claims may contact the company's Registrar and Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), at C-101, Embassy 247, L.B.S. Road, Vikhroli (West), Mumbai - 400083. Alternatively, they can reach out to the company at its registered office or via email at investorcare@snlbearings.in .
Historical Stock Returns for SNL Bearings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.75% | +0.46% | +6.12% | -1.88% | -7.29% | +70.10% |
What impact will the transfer of unclaimed shares to the IEPF have on SNL Bearings' shareholding pattern and floating stock?
How might the aggressive timeline for claiming dividends affect the company's relationship with long-term retail investors?
Will the reduction in outstanding dividend liabilities lead to any changes in the company's future dividend distribution policy?
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