Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Specimen of Reminder Notice to Shareholder regarding transfer of Equity Shares and Unclaimed Dividend to IEPF Authority
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Paul Merchants Ltd has dispatched a specimen reminder notice to shareholders whose interim dividend for FY 2019-20 (declared on August 6, 2019) has remained unpaid or unclaimed for seven consecutive years. Under Section 124(6) of the Companies Act, 2013, such unclaimed dividends along with the corresponding equity shares are due to be transferred to the Investor Education and Protection Fund (IEPF) Authority on September 11, 2026. Shareholders have until August 16, 2026 to submit a claim along with a Client Master List (CML) to the Registrar and Transfer Agent (Alankit Assignments Limited). The filing is a routine regulatory disclosure under SEBI LODR Regulation 30 and the IEPF Rules, 2016. After transfer, all future corporate benefits on those shares including dividends and bonuses will flow directly to the IEPF, with claims possible later only through MCA's e-Form IEPF-5.
Shareholders who ignore this reminder risk losing ownership of their equity shares and future dividend, bonus, or split benefits, as these will be transferred to the Government-run IEPF after the August 16, 2026 deadline. The filing itself is a compliance-driven disclosure and is unlikely to move the stock price; it primarily serves as a final warning window for unclaimed dividend holders to act.