PBM Polytex Ltd. IEPF Transfer Intimation

Key Event and Regulatory Context

The action is mandated by Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. Shares on which dividends have remained unclaimed or unpaid for seven or more consecutive years are required to be transferred to the IEPF Account.

Specifics of Unpaid Dividends and Affected Shares

The reminder letters were sent to shareholders for whom dividends from the financial years 2018-19, 2020-21, and 2021-22 remain unclaimed. The exact warrant numbers and individual amounts for these dividends are not specified in the table provided in the disclosure.

Critical Deadlines

  • Claim Deadline: Shareholders must claim their unpaid dividend on or before September 30, 2026.
  • Transfer Deadline: If unclaimed, the related equity shares shall be transferred to the IEPF Account on or after November 7, 2026, within the prescribed timeframe, without further notice.

Process for Claiming Unpaid Dividend

Shareholders are instructed to contact the company or its Registrar and Share Transfer Agent (RTA), MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.), at their Vadodara office.

Required documentation for communication includes: Company name, Folio No./DP-Client ID, Shareholder name, Contact number, Email ID, and self-attested copies of a Bank Passbook, Election ID, Electricity Bill, Telephone Bill, Ration Card, or Aadhaar Card, along with a cancelled cheque leaf.

KYC and Payment Compliance

As per referenced SEBI circulars (dated November 3, 2021; December 14, 2021; and March 16, 2023), outstanding payments will be credited directly to shareholders' bank accounts only if the folio is KYC compliant. This requirement applies to both physical and demat shareholders. Payment cannot be effected without bank details being registered with the RTA or Depository Participant. Shareholders in physical form must ensure their KYC details are updated, including PAN, address with PIN code, email ID, mobile number, bank account details, and specimen signatures (forms ISR-1, ISR-2, ISR-3, SH-14, available on the company's website).

Post-Transfer Claim Process

Once shares are transferred to the IEPF Account, shareholders can claim them by filing Form IEPF-5 with the IEPF Authority, available on www.iepf.gov.in.

Signatories and Roles

  • The intimation letter to BSE was digitally signed by Swati Billore, Company Secretary and Compliance Officer.
  • the reminder letter to shareholders was signed by Gopal Patodia (DIN: 00014247), Managing Director.