Rallis India Limited has informed the Exchange regarding "Reminder Letter for transfer of shares to Investor Education and Protection Fund (IEPF)"
RALLIS · price
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Rallis India Limited has sent reminder letters to shareholders who have not claimed their dividends for seven or more consecutive years. The company is warning these shareholders that their unclaimed dividends and corresponding shares will be transferred to the IEPF Authority if not claimed by July 26, 2026. The affected dividends date back to FY 2018-19 (July 2, 2019) through FY 2024-25 (June 25, 2025). Shareholders holding physical shares must also update their KYC compliance to receive payments. The transfer is mandatory under Section 124(6) of the Companies Act, 2013 and IEPF Rules, 2016. Shareholders can still claim their amounts from IEPF Authority later using Form IEPF-5, but the process is more complex.
Affected shareholders risk losing ownership of their shares if they fail to claim unclaimed dividends by July 26, 2026. Once transferred to IEPF, no claims can be made against the company. This is a compliance exercise and does not directly impact the company's stock price or financial position.