Intimation to the shareholders relating to Transfer of Equity Shares to the IEPF is attached.
ELECON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Elecon Engineering Company Ltd has notified shareholders that shares with unclaimed dividends for seven consecutive years (starting from FY 2018-2019) will be transferred to the IEPF Account. The company has sent individual letters to affected shareholders advising them to claim their unpaid/unclaimed dividends on or before 5th October, 2026. After this deadline, the shares will be transferred to the IEPF Authority Account as mandated under Section 124(6) of the Companies Act, 2013. Shareholders can claim transferred shares back from IEPF Authority by filing e-Form No. IEPF-5.
Shareholders holding shares with unclaimed dividends for 7+ years must claim their dividends before 5th October 2026 to avoid involuntary transfer of their shares to the government IEPF fund. After transfer, recovery involves a more complex process through IEPF Authority.