Trigger for Transfer
Shares are liable for transfer to IEPF because shareholders have not claimed dividends declared by the company for seven or more consecutive years. The specific period mentioned commences from the unpaid Final Dividend for the Financial Year 2018-19.
Consequences of Transfer
- Voting rights on transferred shares will remain frozen until claimed by the rightful owner
- No claim shall lie against the Company after transfer to IEPF
- Shareholders can later claim both unclaimed dividends and shares from IEPF Authority by filing e-form IEPF-5
Required Action and Deadline
Shareholders must update their KYC details and bank mandates by October 3, 2026, to prevent transfer of their shares to IEPF.
For physical share holdings: Update PAN, KYC details and nomination by submitting Forms ISR-1, ISR-2, ISR-3, SH-13, SH-14 to the Registrar & Transfer Agent.
For demat share holdings: Update bank mandate with Depository Participant and provide self-attested copy of updated Client Master List certified by the Depository Participant.
Registrar & Transfer Agent Details
MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Unit: Mukta Arts Limited
C 101, Embassy 247, L B S Marg, Vikhroli (West), Mumbai 400083
Tel: +91 810 811 6767; Fax: +91 22 4918 6060
Payment Method Requirements
As per SEBI circulars:
- Outstanding payments will be credited directly to bank accounts only if the folio is KYC Compliant
- Dividend payments can ONLY be made through electronic mode
- No payment can be made in absence of complete bank details
Additional Information
The list of affected shareholders is available on the company's website at https://muktaarts.com/
Disclaimer
The intimation does not confer any right to claim amounts if they were already paid or if the shareholder is not entitled for any reason.