Pursuant to Section 124 of the Companies Act, 2013, read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (Rules), all unclaimed/un-encashed dividends are required to be transferred by the Company to the Investor Education and Protection Fund (IEPF) established by the Central Government, after the completion of seven years. Further, according to the Rules, the shares in respect of which dividend has not been claimed or encashed by the shareholders for a period of seven consecutive years or more shall also be transferred to the demat account created by the IEPF Authority in accordance with the Rules. The company sends periodic communication to the respective shareholders to claim/encash the dividend.
Due Date for Transfer of Unclaimed Dividend of FY 2016-17 to IEPF
Nodal Officer for IEPF Matter
Unclaimed Dividend liable to be transferred to the IEPF
The following table provides a list of years for which unclaimed dividends and their corresponding shares would become eligible to be transferred to the IEPF on the dates mentioned below:
| Year | Type of Dividend | Dividend per share (in ₹.) | Date of Declaration | Due Date for transfer to IEPF |
|---|---|---|---|---|
| 2017-18 | Final | 15.00 | August 24, 2018 | September 30, 2025 |
| 2018-19 | Final | 15.00 | September 30, 2019 | October 06, 2026 |
| 2019-20 | Final | 7.50 | September 29, 2020 | November 11, 2027 |
| 2020-21* | – | – | – | – |
| 2021-22 | Final | 10.00 | September 08, 2022 | October 14, 2029 |
| 2022-23 | Final | 20.00 | August 24, 2023 | September 30, 2030 |
| 2023-24 | Final | 25.00 | August 29, 2024 | October 04, 2031 |
Details of shareholders Whose dividend is liable to be transferred to IEPF
Shareholders are requested to claim the dividend of the financial year 2017-18 by submitting the required details to company’s RTA MUFG Intime India Private Limited on or before September 30, 2025. Kindly note that all requests received till August 25, 2025 will be processed only through electronic credit. The dividend payment will be processed if the request is found appropriate in all respects.
Transfer of Equity shares to the Investor Education and Protection Fund
All shares of the Company in respect of which dividends have remained unclaimed or un-encashed for seven consecutive years or more, are required to be transferred by the Company to the Investor Education and Protection Fund (‘IEPF’) established by the Government of India.
Details of Equity Shares liable to be transferred to the IEPF
The Company will be transferring the underlying shares pertaining to dividend declared for the financial year 2017-18 on which dividend is unclaimed/un-encashed for seven consecutive years.
Refund to Claimants from Fund
Any person whose shares, unclaimed dividend, etc., has been transferred to the Fund, may claim their refunds to the IEPF Authority by submitting an online application in Form IEPF-5 available on the website of Investor Education and Protection Fund at https://www.iepf.gov.in/IEPF/refund.html .