Gujarat State Fertilizers & Chemicals Limited has initiated the process to transfer unpaid or unclaimed dividends and their corresponding equity shares to the Investor Education and Protection Fund (IEPF). Shareholders who have not claimed dividends for seven consecutive years, specifically from the financial years 2018-19 to 2024-25, must take action by August 31, 2026, to avoid the transfer of their shares to the government-mandated fund.
Important Action for Shareholders
The company has issued a formal notice to all shareholders whose dividend payments have remained uncollected for a period of seven consecutive years or more. To ensure shareholders retain control of their investments, the company has dispatched specific communication via Speed Post to all affected individuals. It is critical that recipients review their financial records for dividends dating back to the 2018-19 financial year.
Steps to Reclaim Unclaimed Dividends
To prevent the transfer of shares to the IEPF Authority, shareholders must submit a formal request for their unpaid dividends before the deadline of August 31, 2026. The required documentation includes an original cancelled cheque leaf or a copy of the front page of the bank passbook. These documents should be submitted to the company’s Share Department or the designated Registrar and Share Transfer Agent, MUFG Intime India Private Limited.
Dematerialization and KYC Compliance
In line with current financial standards, the company emphasizes that all shares should be held in dematerialized mode. Furthermore, shareholders are encouraged to maintain KYC-compliant folios. This includes ensuring that full address, mobile number, email ID, and bank details linked to a valid PAN-Aadhaar connection are updated. Maintaining a compliant folio is essential for the direct credit of future dividend payments.
Recovery Process After Transfer
Shareholders who miss the August 31, 2026 deadline will still have the opportunity to reclaim their assets. Following any transfer to the fund, claimants must obtain an Entitlement Letter from the company. Once received, they must submit the web-based Form IEPF-5 through the official government portal to recover their unclaimed dividends and shares.
Source: BSE
