Key Dates

  • Reminder Letter Date: June 23, 2026 (sent to shareholders)
  • Deadline for Shareholder Action: September 30, 2026
  • Financial Years with Unclaimed Dividends: 2018-19, 2019-20 (Interim), 2020-21, 2021-22, 2022-23, and 2023-24

Shareholder Actions Required

Shareholders who have not claimed dividends since FY 2018-19 must:

1. Contact the RTA: Maheshwari Datamatics Private Limited.

2. Submit Application: To claim outstanding dividends immediately.

3. Register Correct Bank Details: Ensure bank account number and IFSC/MICR are correctly registered against their DEMAT account with the Depository Participant/RTA.

4. Submit Supporting Documents:

  • For DEMAT Holdings: Copy of the Demat Account Statement (client master list) showing name, address, and bank details OR an original cancelled cheque leaf bearing the name of the first holder.
  • For Physical Holdings: Duly filled and signed Forms ISR-1 & ISR-2 (available at www.mdpl.in), an original cancelled cheque leaf, and a bank-attested copy of the first page of the bank passbook/statement.

Consequences of Inaction

If dividends are not claimed by September 30, 2026:

  • The company will initiate the transfer of the applicable equity shares to the IEPF Authority's DEMAT account without further notice.
  • For Physical Shares: New share certificates will be issued in favor of IEPF, and the original certificates registered in the shareholder's name will be deemed cancelled and non-negotiable.
  • For DEMAT Shares: The company will inform the depository to execute a corporate action to transfer the shares from the shareholder's account to the IEPF account.
  • No claim shall lie against the company after the shares are transferred.

Post-Transfer Claim Process

If shares are transferred to IEPF, shareholders can still claim them by:

1. Submitting an online application in prescribed Form IEPF-5 on www.iepf.gov.in.

2. Sending a physical copy of the duly signed form to both the company and the RTA (Maheshwari Datamatics) along with all requisite documents enumerated in the form.

Entities Involved

  • Regulatory Authority: Investor Education and Protection Fund (IEPF) Authority
  • Stock Exchange: BSE Limited
  • Registrar and Share Transfer Agent (RTA): Maheshwari Datamatics Private Limited (Address: 23 R. N. Mukherjee Road, 5th Floor, Kolkata - 700 001; Tel: +91 33 2248 2248 / 2243; Email: contact@mdplcorporate.com)
  • Company Contact: Puneeta Arora, Company Secretary & Compliance Officer (Email: puneeta.arora@dslindia.in; Registered Office: 121 Industrial Area, Baddi, Tehsil Nalagarh, District Solan, Himachal Pradesh-173205; Tel: 01795 244011/16)

Financial Impact

Financial impact not quantified in the disclosure. The document states that unclaimed dividends for the listed financial years are lying with the company but does not provide a specific total value.

#Tags: #DeepakSpinners #IEPF #SEBIDisclosure #RegulatoryCompliance #Neutral