Jai Corp Limited has informed the Exchange about letter to shareholders holding shares in physical form regarding transfer of unclaimed dividend and underlying shares to the IEPF
JAICORPLTD · price
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Jai Corp Limited is notifying shareholders holding shares in physical form about unclaimed dividends from FY 2017-18. Under Sections 124(5) and 124(6) of the Companies Act, 2013, any dividend unclaimed for seven consecutive years must be transferred to the Investor Education and Protection Fund (IEPF), along with the underlying shares. Shareholders have until 30th September 2025 to claim their dividend by submitting bank details (NEFT/NECS) to the company's registrar KFin Technologies. If not claimed, both the unclaimed dividend and the corresponding equity shares will be transferred to IEPF on or after 30th October 2025, regardless of whether the shares are held in physical or demat form. Shareholders are also advised to convert physical shares to demat and update KYC using Forms ISR-1, ISR-2, and SH-13.
Shareholders who fail to claim their dividends by 30th September 2025 will permanently lose both the unclaimed dividend amount and their underlying shares to the IEPF. This is a regulatory compliance action, not a corporate event, but affected shareholders must act quickly to avoid losing their holdings.