Hindustan Copper Limited is notifying shareholders about the upcoming transfer of equity shares to the Investor Education and Protection Fund (IEPF). This action is mandated for shares where dividends have remained unclaimed for seven consecutive years, as per the Companies Act, 2013. Shareholders are urged to claim their unpaid dividends before the specified deadlines to prevent their shares from being transferred. Details on the claim process and required documentation are provided.
Important Notice for Shareholders
Hindustan Copper Limited has issued a notice regarding the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This process is in accordance with Section 124(6) of the Companies Act, 2013, and the associated IEPF Rules. The transfer applies to shares where dividends have remained unpaid or unclaimed for seven consecutive years.
Reason for Share Transfer
Dividends that remain unclaimed for a period of seven years are required to be transferred to the IEPF, a fund established by the Government of India. For shareholders whose dividends for the Financial Year 2018-19 are still unclaimed, these amounts will be transferred to the IEPF. Furthermore, shares associated with such unclaimed dividends, specifically if all dividends from FY 2018-19 to FY 2025-26 remain unclaimed, will also be transferred to the IEPF. This transfer is scheduled to occur within one month of the due date, by 04.10.2026.
Action Required to Prevent Share Transfer
To prevent your shares from being transferred to the IEPF, shareholders are strongly advised to claim any unclaimed or unpaid dividends for FY 2018-19 onwards. The deadline to submit your claim request is 21.08.2026. Detailed procedures for claiming these amounts are outlined below.
Claim Process and Documentation
A duly signed claim request letter, including your Folio/DP/ Client ID details, must be submitted to the Company’s Registrar and Transfer Agent (RTA), Alankit Assignments Ltd. Physical shareholders must also attach a photocopy of their share certificate (both sides). For KYC compliance, Demat shareholders need to provide a Copy of the Client Master List (CML) verified by their DP, and an Original Cancelled Cheque Leaf or relevant bank passbook pages. Physical shareholders need to submit forms like ISR-1, ISR-2, and relevant nomination forms if applicable.
Accessing Further Information
The full details of shareholders with unencashed dividends and shares due for transfer are available on the Hindustan Copper Limited website at https://www.hindustancopper.com/Page/IEPF. Additionally, shares transferred to the IEPF can be claimed back from the IEPF Authority by following the prescribed procedures.
Source: BSE
