Sharda Motor Industries Limited — Others, 26-11-2024: Issue of Duplicate Share Certificate

Shardamotor Industries Limited has announced a board meeting regarding the issuance of Letters of Confirmation for duplicate share certificates to shareholders. Specifically, 2,500 shares have been approved for dematerialization, based on previous requests. Shareholders are advised to complete the dematerialization process within 120 days, as any requests beyond this period will result in shares being transferred to a suspense account.

This move enhances operational efficiency and aligns with SEBI's mandate for shares to be issued in demat form only. Investors may view this as a step towards improving liquidity and simplifying shareholding processes, contributing to a positive outlook for the company.