Voltas has issued a reminder to shareholders who have unclaimed dividends for seven or more consecutive years. As per regulatory requirements, shares associated with these unclaimed dividends are liable to be transferred to the Investor Education and Protection Fund (IEPF) authority. Shareholders are urged to claim their outstanding dividends and complete necessary KYC procedures by August 21, 2026, to prevent the transfer of their equity shares to the IEPF.
Urgent Action Required
Voltas is reaching out to shareholders who have not claimed dividends for the financial years 2018-19 to 2024-25. If these dividends remain unclaimed, the company is mandated to transfer both the unpaid dividend amounts and the underlying equity shares to the Investor Education and Protection Fund (IEPF). The critical deadline to take action is August 21, 2026.
How to Claim Your Dividends
To avoid the transfer of shares, shareholders must immediately contact the Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited. The process differs based on how your shares are held:
- Electronic Form: Shareholders must submit an updated Client Master List (CML) to ensure bank details are correctly registered.
- Physical Form: Shareholders need to provide Form ISR-1, Form ISR-2, and Form SH-13, along with a cancelled cheque leaf to update KYC and bank details.
Impact of Non-Compliance
If the dividends are not claimed by the August 21, 2026 deadline, the company will proceed with the transfer to the IEPF authority on or after September 9, 2026. Once transferred, physical share certificates will be cancelled, and demat holdings will be moved to the IEPF account. While it is possible to reclaim these assets from the IEPF authority at a later date, it involves a complex online application process (Form IEPF-5) which can be avoided by acting now.
Source: BSE
