Rallis India Limited has issued a formal reminder to shareholders who have not claimed dividends for seven or more consecutive years. To prevent the mandatory transfer of these dividends and associated shares to the Investor Education and Protection Fund (IEPF), eligible shareholders must take action by July 26, 2026. Failure to claim these dues will result in the transfer of both the unpaid dividend amounts and the underlying equity shares to the authority.
Urgent Action Required for Shareholders
The company is notifying identified shareholders that their unpaid or unclaimed dividends from the last seven consecutive years are now due for transfer to the IEPF authority. According to the notice, the final deadline to claim these dividends and avoid the transfer of shares is July 26, 2026. This process is mandated for all dividends that have remained unclaimed since the financial year 2018-19.
How to Claim Your Dividends
Shareholders can prevent the transfer of their assets by submitting a request to the company’s Registrar and Transfer Agent, MUFG India Private Limited. The process varies based on the current holding status:
- Electronic Holdings: Shareholders should submit a copy of their Client Master List to ensure payments are credited directly to the bank account linked to their demat account.
- Physical Holdings: Shareholders are required to submit Form ISR-1, Form ISR-2, and Form SH-13, along with a self-attested PAN/Aadhaar card, an original cancelled cheque, and other KYC documentation.
Important Compliance Details
The company emphasizes that the payment of outstanding dividends can only be processed if the shareholder’s folio is KYC compliant. In the absence of registered bank details, payments cannot be effected. Furthermore, once shares are transferred to the IEPF, shareholders will no longer be able to claim them through the company, as they will have to initiate a separate recovery process directly through the IEPF Authority portal.
Recommendation for Physical Shareholders
In line with current market trends favoring digital transactions, the company strongly advises all shareholders holding physical certificates to dematerialize their shares at the earliest. This transition facilitates a more secure and efficient process for all future dividend disbursements and corporate actions.
Source: BSE
