Nature of the Disclosure
Kirloskar Industries Limited has forwarded a regulatory filing from its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), to the stock exchanges. The enclosed filing is a public notice regarding the impending transfer of equity shares to the Investor Education and Protection Fund (IEPF).
Key Details of the IEPF Transfer Notice
- The notice is published by Kirloskar Ferrous Industries Limited pursuant to Section 124(6) of the Companies Act, 2013 and Rule 6 of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
- The action is required for equity shares where dividends have remained unpaid or unclaimed for seven consecutive years or more.
- The specific dividends in question have been unclaimed since the financial year 2018-2019.
Actions Taken and Required
- KFIL has individually communicated with the concerned shareholders whose shares are liable for transfer.
- The company has uploaded the details of these members and the shares due for transfer on its website: www.kirloskarferrous.com.
- Shareholders must submit a valid claim to the company or its Registrar and Share Transfer Agent (RTA) on or before 28 August 2026 to prevent the transfer of their shares to the IEPF.
- A claim requires a duly signed request letter from all holders along with proper identification proofs.
- If no claim is received by the deadline, the company will transfer the equity shares to the IEPF without further notice.
Parties Involved
- Registrar and Share Transfer Agent (RTA): MUFG Intime India Private Limited (formerly Link Intime India Private Limited).
- Regulator: The notice references SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated 16 March 2023.
Publication and Date Information
- The notice was published in the Financial Express (all India editions) and Loksatta (Pune edition) on 26 May 2026.
- The notice itself is dated 25 May 2026 and was signed by Company Secretary Mayuresh Gharpure in Pune.
- The covering letter from Kirloskar Industries Limited was signed by Company Secretary Ashwini Mali on 26 May 2026.
Additional Compliance Information
- The notice reminds shareholders of the SEBI mandate for listed companies to record PAN, nomination, KYC details, and bank account details for the first holder.
- Shareholders holding physical shares are urged to submit requisite Investor Service Forms (ISR-1, ISR-2, ISR-3, SH-13, SH-14) to the RTA.
- Shareholders holding shares in demat form are advised to register their bank details and email addresses with their respective Depository Participants.
Financial Impact
Financial impact not quantified in the disclosure. The event involves the transfer of unclaimed dividend sums and the underlying equity shares themselves to a government fund.