Elecon Engineering Company Limited has issued an urgent notification to shareholders who have not claimed dividends for seven consecutive years. To prevent the mandatory transfer of these equity shares to the Investor Education and Protection Fund (IEPF), shareholders must take corrective action by October 5, 2026. This notice serves as a final reminder to ensure shareholders secure their investments and unclaimed earnings held by the company.
Shareholder Action Required
The company has identified specific shareholders whose dividend warrants have remained uncashed for a period of seven consecutive years, starting from the 2018-2019 financial year. As per statutory requirements, these unclaimed dividends and the corresponding equity shares are slated for transfer to the IEPF Authority account.
Deadline and Recovery Process
Shareholders are requested to submit their claims for unpaid or unclaimed dividends on or before October 5, 2026. Failure to act by this date will result in the automatic transfer of both the dividend amounts and the underlying shares to the government-constituted fund.
How to Claim Your Dividends
To prevent the transfer of shares, shareholders should contact the company’s Registrar and Share Transfer Agent, MUFG Intime India Private Limited, located in Vadodara. For effective processing, shareholders are advised to provide their cancelled bank cheque and ensure their current mobile number and email ID are updated with the company for ongoing correspondence. Once shares are transferred to the IEPF, they can only be retrieved by filing a formal e-Form IEPF-5 with the IEPF Authority.
Source: BSE
