Transfer of Unclaimed Dividend to IEPF

Pursuant to Sections 124(5) of the Companies Act, 2013, the Company is required to transfer unclaimed dividends to the Investor Education and Protection Fund (IEPF).

Ministry of Corporate Affairs has issued rules under which companies must upload details of unclaimed dividends on their website.

Transfer of Shares to IEPF

Under Section 124(6), the Company is required to transfer shares where dividends have not been paid for 7 consecutive years or more.

The Company uploads details of such shareholders for public reference.