Safari Industries: Unclaimed Dividends of Shareholders to be Transferred to IEPF by October 2026
Safari Industries (India) Limited has initiated procedures concerning equity shares and unclaimed dividends belonging to certain shareholders, stipulating deadlines for claiming these amounts before their transfer to the Investor Education and Protection Fund (IEPF).The company has notified shareholders whose dividends have remained unpaid or unclaimed for seven consecutive years or more. The period for calculating this requirement begins with the dividend declared for the financial year 2018-19.
Shareholders are requested to claim these specific unpaid dividends no later than September 13, 2026. If the claims are not made by the specified deadline, the company is set to transfer the liable shares and associated dividends to the IEPF on or before October 12, 2026.
The notices provided detail several financial years for which dividends remain unclaimed as per the records. The relevant dividend periods include:
| Financial Year | Unclaimed Amount (INR) |
|---|---|
| 2018-19 | [●] |
| 2021-22 | [●] |
| 2022-23 (Interim/Final) | [●] |
| 2023-24 (Interim/Final) | [●] |
| 2024-25 (Interim/Final) | [●] |
| 2025-26 (Interim) | [●] |
The transfer of shares to the IEPF Authority will be executed through a corporate action, wherein a new share certificate(s) will be issued in favor of the IEPF authority, and the original shareholder certificates will stand automatically cancelled.
It is noted that all future benefits arising on these equity shares once they are transferred to the IEPF will similarly be issued or transferred in favor of the IEPF Authority.
No claim against Safari Industries (India) Limited or its Registrar and Transfer Agent shall lie concerning the unclaimed dividends and shares after September 13, 2026. Shareholders can claim dividend and shares transferred to the IEPF from the IEPF Authority by completing the necessary procedures through the MCA services portal.
SAFARI Stock Price Movement
Today, the stock of Safari Industries (India) Limited gained 1.32% to settle at ₹1571.1 after trading concluded today. The equity moved within a daily range of ₹1548.5 and ₹1584.5, with 77,371 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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