Key Dates

  • Disclosure Date: June 4, 2026
  • Reminder Letter Date: June 4, 2026
  • Deadline for Shareholder Action: September 23, 2026

Affected Shareholders and Financial Years

The communication is targeted at shareholders who have not claimed their dividends for seven consecutive years. The specific financial years mentioned for unclaimed dividends are from 2018-19 to 2024-25.

Regulatory Basis for Action

The action is mandated by:

1. Section 125 of the Companies Act, 2013: Requires unclaimed dividends transferred to the Unpaid Dividend Account for seven years to be moved to the IEPF.

2. Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (as amended in 2017): Requires the physical transfer of the underlying shares to the IEPF Authority's demat account.

Required Shareholder Action

Shareholders must claim their outstanding dividends and ensure their bank details are correctly registered with the company's Registrar and Share Transfer Agent (RTA), Maheshwari Datamatics Private Limited, by the deadline of September 23, 2026.

Documentation Required:

  • For Demat Holdings: A copy of the Client Master List (CML) showing name, address, and bank details OR an original cancelled cheque leaf bearing the first holder's name.
  • For Physical Holdings: Duly filled and signed forms ISR-1, ISR-2, ISR-3, or Nomination Form, along with an original cancelled cheque leaf or a bank-attested copy of the first page of a passbook/statement.

Consequences of Inaction

If dividends are not claimed by the deadline, the company will initiate the transfer of the affected shares to the IEPF Authority's demat account. After transfer, no claim shall lie against the company for those shares or dividends.

Post-Transfer Claim Process

If shares are transferred to the IEPF, shareholders can claim them back by submitting an online application in prescribed Form IEPF-5 on www.iepf.gov.in and sending a physical copy, duly signed, to both the company and the RTA along with all requisite documents listed in the form.

Entities Involved

  • RTA: Maheshwari Datamatics Private Limited
  • Regulatory Authority: Investor Education and Protection Fund (IEPF) Authority

Financial Impact

Financial impact not quantified in the disclosure. The document lists a table for dividend amounts per year (2018-19 to 2024-25) and the number of shares liable for transfer, but these fields are blank in the provided data.

#Tags: #SomanyCeramics #IEPF #Reg30 #SEBIDisclosure #Compliance #Neutral