Nature of the Event

This is a regulatory disclosure notifying shareholders of unclaimed dividends and the potential transfer of shares to the Investor Education and Protection Fund (IEPF) Authority pursuant to SEBI regulations and the Companies Act, 2013.

Regulatory Basis

The disclosure is made pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also references Section 124(6) of the Companies Act, 2013 and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

Key Details

  • The company has sent letters to shareholders who have not claimed their dividends for seven or more consecutive years, specifically for the financial year 2018-19, requesting them to claim the dividends on or before October 29, 2026.
  • The unclaimed dividends for FY 2018-19 are due to be transferred to the IEPF Authority within 30 days after October 29, 2026, as per regulatory requirements.
  • The dividends cover financial years from 2018-19 to 2024-25, but no specific monetary amounts or number of shares are quantified in the disclosure.

Deadline and Consequences

Shareholders must claim their unclaimed dividends by October 29, 2026. Failure to do so will result in the transfer of their shares to the IEPF Authority. After transfer, shareholders can claim the shares by filing e-form IEPF-5 on the IEPF Authority's website (www.iepf.gov.in).

Parties Involved

  • Registrars and Transfer Agents (RTA): MUFG Intime India Private Limited (formerly Link Intime India Private Limited), located at "Geetakunj", 1, Bhakti Nagar Society, Behind ABS Tower, Old Padra Road, Vadodara – 390 015, with phone number 0265-3566768 and email investor.helpdesk@in.mpms.mufg.com.
  • IEPF Authority: The entity to which unclaimed dividends and shares may be transferred.

Additional Requirements

Shareholders holding shares in physical form must ensure their folios are KYC compliant to receive payments. They need to submit duly filled and self-attested KYC documents or forms, including ISR-1, ISR-2, ISR-3/SH-13, and ISR-4, along with required supporting documents.

Financial Impact

Financial impact not quantified in the disclosure. No specific amounts of unclaimed dividends or number of affected shares are provided.

Capital Structure Impact

Potential change in share ownership if shares are transferred to IEPF Authority, but no details on the extent of dilution or number of shares are disclosed.

Cash Flow Implications

Not disclosed.

Forward-Looking Guidance

No forward-looking guidance or management commentary is provided.