Key Action and Timeline
The Company has dispatched letters dated June 27, 2026 to shareholders whose dividends have remained unclaimed for seven consecutive years from Financial Year 2018-19 onwards. The final deadline for shareholders to prevent share transfer is September 1, 2026.
Regulatory Basis
Transfer is mandated under Section 124(6) of the Companies Act, 2013 read with Rule 6 of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. All shares where dividend has remained unpaid/unclaimed for seven consecutive years must be transferred to the DEMAT Account of the IEPF Authority.
Share Characteristics
- Face value: Rs. 10 per share
- Shares correspond to unclaimed dividends from FY 2018-2019 onwards
- All subsequent corporate benefits related to these shares will also be credited to IEPF
Shareholder Recovery Procedures
For Physical Shareholders:
Must claim unclaimed dividend by submitting to Company/Registrar & Share Transfer Agent:
- Forms ISR 1 and ISR 2 (with original cancelled cheque leaf bearing shareholder name)
- Forms ISR-3, SH-13 or SH-14 (as applicable)
For Demat Shareholders:
- Update complete bank account details including 9-digit MICR Code and 11-digit IFSC Code with Depository Participant
- Update email address and contact number
- Submit self-attested copy of updated Client Master List
- For deceased shareholders: follow transmission procedures under Depository Act, 1996
Post-Transfer Recovery Process
After shares are transferred to IEPF Authority, shareholders can claim shares by making online application in Form IEPF-5 available on www.iepf.gov.in.
Important Consequences
- Company will issue duplicate share certificates for physical holders for transfer purposes
- Original share certificates will stand automatically cancelled and become non-negotiable
- No claim shall lie against the Company after transfer to IEPF
- Dividend payments will be issued electronically only (no Demand Drafts or stale warrants)