Key Regulatory Context & Deadline

The action is mandated under Section 124(5) and 124(6) of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The unclaimed dividend for the financial year 2018-19 has remained unclaimed for seven years and is due for transfer to the IEPF. Shareholders must claim their dividend by submitting the required application and documents to the Registrar & Share Transfer Agent (RTA), KFin Technologies Limited, on or before October 1, 2026.

Financial Impact & Share Details

The specific dividend amount and number of shares for each shareholder are not quantified in this blanket notice but are described as 'unclaimed dividend for FY 2018-19'. The notice states that the detailed list of shareholders and their unclaimed amounts is available on the company's website. Failure to claim by the deadline will result in the transfer of both the unclaimed dividend and the underlying shares to the IEPF Authority.

Procedures for Claiming Dividend

  • For Demat Holdings: Shareholders must submit a request letter signed by the holder, a self-attested copy of the Client Master List (showing name, address, email, contact number, demat details, and updated bank account details), an original cancelled cheque leaf bearing the name of the first holder, and self-attested copies of PAN Card and Address Proof (Aadhar Card).
  • For Physical Holdings: Shareholders must submit a signed request letter along with filled forms ISR-1, ISR-2, and SH-13 (Nomination Form), an original cancelled cheque or bank-attested copy of the first page of a bank passbook/statement, and self-attested copies of PAN Card and Address Proof (Aadhar Card).

The corporation notes that per SEBI circulars dated November 3, 2021, and December 14, 2021, dividend will be paid directly to the bank account only if the folio is KYC compliant. Incomplete or inadequate documentation will lead to rejection of the claim.

Consequences of Non-Claim & Share Transfer Process

If dividends are not claimed by October 1, 2026, the corporation will transfer the shares without further notice:

  • Physical Shares: New share certificates will be issued and transferred to the IEPF Authority. The original certificates held by the shareholder will be automatically cancelled and deemed non-negotiable.
  • Demat Shares: The shares will be transferred via a corporate action through the Depositories to the IEPF Authority.

Subsequent to the transfer, all rights associated with the shares, including future dividends, will accrue to the IEPF Authority. No claim shall lie against the corporation after the transfer.

Post-Transfer Claim Process

Shareholders who miss the October 1, 2026, deadline can subsequently claim the amount/shares from the IEPF Authority by submitting an online application in the prescribed Form IEPF-5 on www.iepf.gov.in and sending the duly signed form with requisite documents to GIC or KFin for verification.

Contact Information for Queries

For assistance, shareholders can contact:

  • RTA: M/s. KFin Technologies Ltd., Selenium Building, Tower B, Plot 31-32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana – 500032. Toll Free: 1800-309-4001. Email: einward.ris@kfintech.com.

Shareholders are urged to ensure their updated email ID is registered with the corporation/their DP to receive timely communications.