State Bank of India — Others, 12-11-2024: Loss of Share Certificates

State Bank of India has announced a board meeting concerning the issuance of duplicate share certificates following reports of lost certificates by several shareholders. The bank has initiated the process for providing Letters of Confirmation (LOC) to the affected holders, with a total of 114,130 shares cited. With the previous face value split from ₹10 to ₹1, it’s crucial for shareholders to act promptly if they have any claims regarding the lost certificates. This update could lead to increased uncertainty for investors as the resolution process may impact share liquidity and ownership clarity in the short term.