Pursuant to Section 124 of the Companies Act, 2013, read with Investors Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 ('the Rules'), as amended, all unclaimed/un-encashed dividends are required to be transferred by the Company to the Investor Education and Protection Fund (IEPF) established by the Central Government, after the completion of seven years. Further, according to the Rules, the shares in respect of which dividend has not been claimed or en-cashed by the shareholders for seven consecutive years or more shall also be transferred to the demat account created by the IEPF Authority in accordance with the Rules.
Unclaimed Dividend liable to be transferred to the IEPF
|Year||Type of dividend||Dividend Amount (in Rs)||Date of declaration||Last date of claim|
|2015-16||Interim||2.00||10th November, 2015||14th December, 2022|
|2018-19||Interim||1.00||27th November, 2018||31st December, 2025|
|2019-20||Interim||1.00||23rd July, 2019||22nd August, 2026|
|2020-21||Interim||1.00||09th November, 2020||14th December, 2027|
|2021-22||1st Interim Dividend||1.00||09th August, 2021||13th September, 2028|
|2021-22||2nd Interim Dividend||1.00||01st March, 2022||4th April, 2029|
|2022-23||Interim||1.00||25th July, 2022||25th August, 2029|
Transfer of equity shares to the Investors Education and Protection Fund (IEPF)
All shares of the Company in respect of which dividends have remained unclaimed or un-encashed for seven consecutive years or more, are required to be transferred by the Company to the IEPF established by the Government of India. The Company sends periodic communication to the respective shareholders to claim/encash the dividend.
Details of Equity Shares transferred to the IEPF:
Details of Equity Shares liable for credit to IEPF Authority
Application to claim the unclaimed dividend / shares from IEPF Authority:
Upon transfer of dividend / shares to IEPF, shareholders can claim the unclaimed dividend amount and the shares transferred to the Demat Account of the IEPF Authority by making an application in Web Form IEPF-5 online available on the website of Investors Education and Protection Fund at www.iepf.gov.in
Shareholders are requested to send the physical copy of the same duly signed (as per registered specimen signature) along with requisite documents enumerated in the said Web Form IEPF-5 to the Company addressed to the Nodal officer at its registered office for verification of your claim. If the documents are found to be in order, the Company will send a verification report to IEPF Authority for refund of the unclaimed dividend amount and transfer of the shares back to the credit of the concerned shareholder.
Contact details of the Company:
Nodal Officer/ Deputy Nodal Officer
Company Secretary/ Chief Financial Officer
Saven Technologies Limited
No.302, My Home Sarovar Plaza,
5-9-22, Secretariat Road,
Hyderabad - 500063.
Ph: +91-40-2323-3358, 2323-7303 / 04
In case you have any queries, please contact the Registrars and Transfer Agent of the Company, XL Softech Systems Limited, 3, Sagar Society, Road No.2, Banjara Hills, Hyderabad – 500034, Tel No.: 040-23545913/14/15, Fax No: 040- 23553214, Email Id: email@example.com.