Regulatory Framework
The action is taken pursuant to Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended. The rules mandate transfer of dividend remaining unclaimed for seven years to IEPF Authority, along with corresponding shares on which dividend was unclaimed for seven consecutive years.
Specific Details
- Financial Year: 2018-19 dividend
- Unclaimed Period: Seven years (2018-19 to 2025-26)
- Transfer Deadline: Company will transfer by due date as per procedure after August 31, 2026
- Shares Impact: Corresponding shares on which dividend was unclaimed for seven consecutive years will be transferred along with the dividend
Shareholder Communication
- Individual communications sent to concerned shareholders at their registered addresses
- Newspaper notices published regarding the impending transfer
- Detailed list of unclaimed dividend and shares liable for transfer available on company website: www.dcmsr.com
Deadline for Action
Shareholders must communicate with the company by August 31, 2026 to prevent transfer of both unclaimed dividend and corresponding shares to IEPF Authority.