Nature of the Event
Solara Active Pharma Sciences Limited has issued an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the transfer of equity shares to the Investor Education and Protection Fund Authority (IEPF).
Key Quantitative Figures
The notice pertains to the dividend for the financial year 2018–19, which has remained unclaimed and unpaid for seven consecutive years. The specific number of shares or the dividend amount involved is not quantified in the disclosure.
Dates of Action
The deadline for shareholders to claim unpaid dividends is September 10, 2026. The notice was issued on June 25, 2026, and the company's formal intimation to the stock exchanges was dated June 26, 2026.
Parties Involved
The notice is addressed to shareholders whose dividends are unclaimed. The Registrar & Share Transfer Agent, M/s. Cameo Corporate Services Limited, is designated for communication and clarification. The Investor Education and Protection Fund Authority (IEPF) is the recipient entity for the transferred shares.
Purpose and Regulatory References
The action is mandated under Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, and subsequent amendments. The purpose is to comply with statutory requirements for unclaimed dividends and shares.
Financial and Operational Impact
Financial impact is not quantified in the disclosure. Operationally, shareholders must submit specific documents to claim dividends before the deadline. Post-transfer, all future benefits, including dividends, will be credited to the IEPF Authority.
Procedures for Shareholders
For physical shareholdings, required documents include Form ISR 1 and ISR 2, original cancelled cheque leaf, and self-attested copies of PAN and Aadhar. For demat holdings, required documents include a self-attested client master list, original cancelled cheque leaf, and self-attested copies of PAN and address proof. Post-transfer, claims must be filed with the IEPF Authority using Form IEPF-5.
Additional Notes
The notice recommends that shareholders holding physical shares dematerialize them at the earliest. The Registrar & Share Transfer Agent's contact details are provided for queries.