BALKRISIND · price
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Balkrishna Industries Ltd has published a public notice informing shareholders about the transfer of unclaimed equity shares to the Investor Education and Protection Fund (IEPF) Authority. Under Section 124 of the Companies Act 2013, shares with unpaid or unclaimed dividends for seven consecutive years or more must be transferred to IEPF. The company specifically references the final dividend for FY 2018-19, declared on 13 July 2019, which will be credited to IEPF if unclaimed by 12 August 2026. Shareholders holding physical shares will receive new share certificates for dematerialisation before transfer, while demat shareholders will have shares transferred via corporate action. The company has already communicated individually with affected shareholders whose contact details are available.
Shareholders with unclaimed dividends from 2018-19 onwards should claim before 12 August 2026 to avoid losing their shares to IEPF. After transfer, claims can still be made from IEPF Authority but not from the company directly.