Key Quantitative Figures & Details
The notice pertains to shareholders who have not claimed dividends for seven consecutive financial years, specifically from 2018-19 onwards. The equity shares held by these shareholders are liable for transfer to the IEPF Authority during the financial year 2026-27.
A detailed table of unclaimed dividends was provided in the individual shareholder notice, covering seven financial years with corresponding warrant numbers and amounts (though specific values for each year and warrant number are represented by placeholders in the data: «DIV1819», «WNO1819», etc.).
Dates of Action
- Notice Date to BSE: July 16, 2026
- Notice Date to Shareholders: July 16, 2026
- Deadline for Shareholder Action: October 10, 2026
Parties Involved
- Issuing Company: Sumedha Fiscal Services Ltd.
- Regulator: Securities and Exchange Board of India (SEBI)
- Stock Exchange: BSE Ltd.
- Registrar and Share Transfer Agent (RTA): Maheshwari Datamatics Private Limited
- Authority: Investor Education and Protection Fund (IEPF) Authority
Stated Rationale & Process
The action is mandated by law. Shares for which dividends have remained unclaimed for seven consecutive years or more must be transferred to the demat account of the IEPF Authority.
Shareholders are instructed to immediately apply to the RTA, Maheshwari Datamatics Pvt. Ltd., to claim their outstanding dividends and ensure their correct bank details (account number, IFSC/MICR code) are registered against their demat account.
Required Documentation for Claim
- For Demat Holdings: Copy of Client Master List (CML) showing name, address, and bank details OR an original cancelled cheque leaf bearing the first holder's name.
- For Physical Holdings: Duly filled and signed Forms ISR-1 and ISR-2, along with an original cancelled cheque leaf or a bank-attested copy of the first page of a bank passbook/statement and a cancelled cheque.
Consequences of Inaction
If dividends are not claimed by October 10, 2026, the company will initiate the transfer of the applicable equity shares to the IEPF Authority's demat account without further notice.
- Upon transfer, no claim shall lie against the company for these shares.
- For physical shares, new certificates will be issued in favour of IEPF, and the original certificates will be deemed cancelled.
- For demat shares, the company will instruct the depository to transfer the shares via corporate action.
Post-Transfer Claim Process
If shares are transferred to IEPF, shareholders can claim them back by submitting an online application in prescribed Form IEPF-5 on the MCA website (https://www.mca.gov.in/) and sending a physically signed copy to both the company and the RTA along with all required documents listed in the form.
Additional Information
The full notice is also available on the company's website at: https://www.sumedhafiscal.com/transfer-of-shares-to-iepf/
The letter was digitally signed by Dhwani Fatehpuria, Company Secretary & Compliance Officer.