Key Details

Regulatory Basis

Pursuant to Section 124(6) of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (as amended).

Affected Shareholders

Eligible shareholders who have not claimed/encashed dividend(s) for last 7 consecutive years commencing from the declaration of the Final Dividend for the Financial Year 2018-19.

Communication Methods

  • Reminder letters sent to eligible shareholders
  • Newspaper advertisement published in Indian Express (English-All edition) and Divya Bhaskar (Gujarati)
  • Statement of Unclaimed Dividend containing details of Name, Folio No./DP & Client Id, and number of shares uploaded on company website at https://www.gmdcltd.com/investors/transfer-of-shares-to-iepf/

Deadline for Action

Shareholders must claim unpaid/unclaimed dividend amount(s) for the relevant block of 7 financial years (2018-2019 to 2024-2025) by making an application to the Company/Company's RTA on or before November 05, 2026.

Consequences of Inaction

If no communication is received from shareholders by November 05, 2026, the Company shall transfer the unclaimed dividend along with the underlying shares to the IEPF Authority by the due date as per procedure stipulated in the rules.

Required Documentation for Claim

Shareholders must submit bank details in specified format along with self-attested copies of:

  • Cancelled Cheque leaf of registered bank account (bearing name)
  • PAN Card
  • Aadhaar Card
  • Client Master List (CML) / Demat Account Statement

Registrar and Transfer Agent Contact

M/s. MCS Share Transfer Agent Limited

Address: 101, Shatdal Complex, 1st Floor, Opp: Bata Show Room, Ashram Road, Ahmedabad - 380 009

Tel. No.: 079-26580461, 0462, 0463

Additional Information

For physical share certificates, duplicate share certificates will be issued for transfer to IEPF. Original share certificates will be automatically cancelled and become non-negotiable once duplicates are issued.

Shares already transferred to IEPF Authority cannot be claimed from the Company or its RTA. However, amounts, shares, and benefits transferred to IEPF Authority can be retrieved by following the procedure prescribed in IEPF Rules or by visiting www.iepf.gov.in.