State Bank of India has published newspaper notices informing shareholders about the transfer of eligible shares to the Investor Education and Protection Fund (IEPF), following recent amendments to banking regulations. The bank submitted copies of these publications to stock exchanges on April 9, 2026.

Regulatory Framework and Transfer Process

The share transfer was conducted pursuant to amendments in Section 43 of the State Bank of India Act, 1955, which became effective from August 1, 2025. These amendments work in conjunction with the Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended from time to time.

Shareholder Communication Timeline

SBI followed a comprehensive communication process before executing the transfer. The bank sent individual notices to concerned shareholders at their last available addresses and email IDs on three separate occasions:

• November 14, 2025
• December 15, 2025
• January 15, 2026

Corresponding newspaper notices were published on November 15, 2025, December 15, 2025, and January 15, 2026, providing shareholders multiple opportunities to claim their unpaid dividends before the February 16, 2026 cut-off date.

Eligible Shares and Dividend Criteria

The transferred shares met specific eligibility criteria under the regulatory framework:

• Shares on which dividends were declared on or after August 1, 2017
• Dividends remained unpaid or unclaimed for seven consecutive years or more
• No requests received from shareholders until the cut-off date of February 16, 2026

Recovery Process for Shareholders

Shareholders can reclaim their transferred shares and associated dividends through a structured process. The complete list of affected shareholders, along with details of shares transferred to IEPF, has been uploaded on the bank's website at https://sbi.bank.in .

Additional Shareholder Advisories

The bank has issued several important recommendations for shareholders:

• Dematerialization: Physical shareholders are advised to convert to demat form to avoid risks of loss, damage, or misplacement
• KYC Updates: Shareholders should update contact details, bank account information, specimen signatures, and nomination choices
• Regulatory Compliance: SEBI guidelines prohibit transfer or sale of shares in physical form

Support and Contact Information

For information and clarifications regarding the IEPF transfer process, shareholders can contact:

• Bank Direct: investor.svcs@sbi.co.in
• Registrar and Transfer Agent: KFin Technologies Limited
• Address: Selenium Tower B, Plot No. 31-32, Gachibowli, Hyderabad - 500032
• Toll Free: 1800 309 4001
• Email: einward.ris@kfintech.com

The notice was signed by Aruna N. Dak, Deputy General Manager (Compliance & Company Secretary), demonstrating the bank's commitment to regulatory compliance and shareholder protection under the evolving IEPF framework.

State Bank of India recorded a significant block trade on the National Stock Exchange (NSE) worth Rs. 15.62 crores. The transaction represents a notable institutional activity in the banking sector.

Transaction Details

The block trade involved substantial volume and value, reflecting significant investor interest in the banking stock.

Market Implications

Block trades are typically executed by institutional investors, including mutual funds, insurance companies, and foreign institutional investors. These transactions are conducted outside the regular market to avoid impacting the stock's market price during execution. The substantial size of this transaction indicates significant institutional participation in State Bank of India shares.

About Block Trades

Block trades represent large-volume transactions that are pre-negotiated between parties and executed at agreed prices. Such trades provide liquidity to large investors while minimizing market disruption. The execution of this block trade demonstrates continued institutional confidence in the banking sector and State Bank of India's market position.