Shivalik Bimetal Controls: Newspaper Publication on Share Transfer to IEPF
Shivalik Bimetal Controls Limited has published a newspaper advertisement regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action pertains t...
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Why is Shivalik Bimetal Controls Limited in the news today?
Shivalik Bimetal Controls Limited (SBCL) is in the news due to the announcement is a routine regulatory disclosure regarding the transfer of shares to the iepf, which is a standard procedure and does not indicate positive or negative performance for the company.
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Shivalik Bimetal Controls: Newspaper Publication on Share Transfer to IEPF
December 17, 2025, 05:37 AM
Shivalik Bimetal Controls Limited has published a newspaper advertisement regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action pertains to shares whose dividends have not been claimed for seven or more consecutive years, specifically related to the financial year 2018-19.
As per Section 124(6) of the Companies Act, 2013, these shares are liable for transfer to the IEPF Authority's demat account. The company has also uploaded this advertisement on its official website.
The disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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