Maharashtra Seamless Limited has issued an urgent notice to shareholders who have failed to claim their dividends for seven consecutive years. To prevent the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF), affected shareholders must initiate their claim process by October 15, 2026. Failure to act by this deadline will result in the transfer of shares and associated benefits to the government-regulated fund.
Action Required for Shareholders
Maharashtra Seamless Limited has identified a group of shareholders with unclaimed dividends spanning seven consecutive years, specifically beginning from the 2018-2019 financial year. Under existing government guidelines, the company is mandated to transfer these shares to the Investor Education and Protection Fund (IEPF). Shareholders are encouraged to verify their records and submit claims immediately to avoid the loss of control over their equity holdings.
How to Claim Dividends
To prevent the transfer of shares, shareholders must submit their application to the company’s corporate office or the Registrar and Transfer Agent, Alankit Assignments Limited, by the deadline of October 15, 2026. The documentation required depends on the holding method:
- For Demat Holdings: A self-attested copy of the Client Master List (CML) is required for electronic payment processing.
- For Physical Holdings: Shareholders must submit Form ISR-1, ISR-2, SH-13 (Nomination Form), or ISR-3, along with an original cancelled cheque leaf.
Important Notice Regarding Future Status
Shareholders should note that if the shares are transferred to the IEPF, all subsequent corporate benefits, such as future dividends or bonus issues, will also be credited to the authority. While shares and dividends transferred to the IEPF can technically be claimed back by following the e-Form IEPF-5 procedure available on the official government portal, acting before the October 15, 2026 cutoff is the most efficient way to maintain direct ownership and avoid complex recovery processes.
Source: BSE
