Communication to Shareholders regarding compulsory transfer of equity shares of the Company to the Investor Education and Protection Fund ("IEPF")
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Deepak Fertilisers has sent reminders to shareholders with unclaimed dividends from FY 2018-19 onwards, warning that these amounts and related shares will be compulsorily transferred to the Investor Education and Protection Fund (IEPF). Under Section 124(6) of the Companies Act, 2013, shares where dividends remain unpaid for 7 consecutive years must be transferred to IEPF's demat account. Shareholders have until 31st August 2026 to claim outstanding dividends by submitting KYC documents (PAN, address proof, cancelled cheque) and an Application-cum-Undertaking to the RTA, KFin Technologies. If no response is received by the deadline, the company will transfer both unclaimed dividends and shares to IEPF without further notice. Physical share certificates will be cancelled and replaced with new certificates for dematerialization purposes.
Shareholders who fail to claim dividends by 31st August 2026 will lose both their unclaimed dividend amounts and any shares associated with those unpaid dividends to IEPF. While they can still recover these later by filing Form IEPF-5 with IEPF Authority, the process is more complex than claiming directly from the company now.