Intimation of notice sent to equity shareholders for transfer of Equity Sharesand Unpaid/Unclaimed Dividend to the Investor Education and ProtectionFund (IEPF)
JSWSTEEL · price
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JSW Steel has sent reminder notices to shareholders who have not claimed dividends for seven or more consecutive years, informing them that their shares and unpaid dividends are liable to be transferred to the Investor Education and Protection Fund (IEPF) as mandated under Section 124(6) of the Companies Act, 2013. Shareholders holding physical shares are asked to submit KYC forms (ISR-1, ISR-2) and those in demat form need to update their Client Master List with the Registrar, KFin Technologies Limited. The deadline to claim unpaid dividends is July 31, 2026, and the shares will be transferred to IEPF by September 1, 2026. After transfer, shareholders can still claim their shares back by following the IEPF recovery procedure.
This is a routine regulatory compliance filing with no material impact on the stock. It serves as a final reminder to affected shareholders to claim their unpaid dividends before their shares are compulsorily transferred to the government-run IEPF. No financial impact on the company's books.