Bharat Bhushan Finance & Commodity Brokers Limited has issued a notice to its shareholders regarding the impending transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
Key Details:
- The notice applies to shareholders who have not claimed their dividend for seven consecutive years commencing from the financial year 2018-19
- Unpaid dividends prior to financial year 2018-19 have already been transferred to IEPF or Central Government
- The company's Registrar and Transfer Agent is Alankit Assignments Limited
- Shareholders must claim their unpaid dividends on or before September 30, 2026 to avoid transfer of both dividends and corresponding shares to IEPF
Required Documentation for Claim:
- For demat holdings: Self-attested copy of Demat Account Statement (Client Master List) showing name, address, demat and bank account details
- For physical holdings: Investor Service Request Form ISR-1, Form ISR-2 and Form No. SH-13 (Nomination Form) along with self-attested copy of Aadhaar and PAN, and original cancelled cheque
Consequences of Non-action:
- If dividends are not claimed by September 30, 2026, the company will transfer both the unclaimed dividend amount for FY 2018-19 and the corresponding shares to IEPF
- No claim shall lie against the company after transfer to IEPF
- Shareholders can subsequently claim from IEPF by submitting online application in Form IEPF-5 available at www.iepf.gov.in
Additional Instructions:
- SEBI regulations mandate transfer of shares only in dematerialized mode
- Shareholders holding physical shares are requested to dematerialize them at the earliest
- Shareholders are advised to keep their PAN, bank details, address and email ID updated with the RTA/Depository Participant