Pursuant to the provisions of Section 124 (5) and (6) of the Companies Act, 2013 read with Rule 6 of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended from time to time, dividend which has not been claimed for seven consecutive years or more along with corresponding equity shares shall be transferred to IEPF. Accordingly, the final dividend declared during the Financial Year 2017-18, which remained unclaimed for a period of seven years will become due to be transferred to IEPF on September 27, 2025 along with corresponding shares.In this regards, the company has published a notice in the following leading newspapers in English and regional language informing the concerned shareholders regarding the ensuing transfer of final dividend and corresponding equity shares to IEPF as per the relevant applicable provisions of the Companies Act, 2013 and rules made thereunder on June 07, 2025.1. Financial Express in English Language and2. Nafa Nuksan in Hindi Language
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Baid Finserv has informed shareholders that the final dividend declared for FY 2017-18, which has remained unclaimed for seven consecutive years, along with the corresponding equity shares, will be transferred to the Investor Education and Protection Fund (IEPF) on September 27, 2025. The company has published this notice in Financial Express (English) and Nafa Nuksan (Hindi) on June 7, 2025, as required under Section 124(5) and (6) of the Companies Act, 2013. Shareholders who have not yet claimed this dividend have until September 8, 2025 to do so by contacting the company or its registrar, MCS Share Transfer Agent. If no claim is received by that date, the shares will be dematerialized and transferred to the IEPF Authority, and shareholders would then need to apply in Form IEPF-5 to reclaim them.
Shareholders who have not claimed the FY 2017-18 final dividend risk losing both the dividend amount and the underlying shares, which will move to the IEPF. While the shares can still be reclaimed by filing Form IEPF-5, the process becomes more cumbersome. This is a routine regulatory compliance announcement and is unlikely to have any material impact on the stock price.