Campaign Details

The company has sent email intimations to shareholders whose dividends remain unpaid or unclaimed. The campaign aims to prevent shares from being transferred to the IEPF Authority by encouraging shareholders to claim their unpaid dividends and update KYC details.

Regulatory Framework

The action is taken pursuant to:

  • Sections 124(2), 124(5), and 124(6) of the Companies Act, 2013
  • Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016
  • SEBI Master Circular No. HO/138/13/(4)/2026-MIRSD-PCID-1/429812026 dated February 06, 2026
  • Objectives of Niveshak Shivir and IEPF Authority's investor education and facilitation drive

Shareholder Requirements

Shareholders are identified as having unencashed Dividend(s)/Fractional Entitlement with specific warrant numbers and amounts (details redacted as XXXXXXXXXXX in the document).

For Dematerialized Shareholders:

  • Must register/update KYC details with their Depository Participants (DPs)
  • Thereafter contact the company's Registrar and Transfer Agent (RTA) to claim unpaid/unclaimed dividends

For Physical Shareholders:

Mandatory requirements include:

  • Permanent Account Number (PAN)
  • Contact details (Postal Address with PIN and Mobile Number)
  • Bank Account details
  • Specimen signature
  • Email registration for online services
  • Choice of Nomination or Opt Out (Optional)

Required Documentation

Physical shareholders must submit duly filled KYC forms:

  • ISR-1: For registering PAN, KYC details or changes
  • ISR-2: Confirmation of signature by Banker
  • ISR-3: Declaration for opting out of nomination
  • ISR-4: Request for Duplicate Certificate and other Service Requests
  • SH-13: Nomination Form
  • SH-14: Cancellation or variation of nomination

Forms available on company website (www.kancotea.in) and RTA website.

Payment Processing

Unclaimed dividend payments will be effected through electronic mode upon furnishing all KYC details to the RTA. Future dividends will also be paid directly into bank accounts.

Consequences of Inaction

If dividends remain unpaid/unclaimed for 7 consecutive years or more, equity shares will be transferred to IEPF. Shareholders can claim these shares by filing e-Form IEPF-S, which is described as "long drawn and complex process."

Purpose of Campaign

Proactive initiative to reach shareholders for updating KYC, Bank Mandate, Nomination and Contact Information to prevent share transfer to IEPF Authority.

#Tags: #KancoTea #IEPF #SEBIDisclosure #RegulatoryCompliance #ShareholderCommunication