Can Fin Homes Ltd has issued a reminder letter to shareholders whose dividends remain unclaimed for seven consecutive years. These shares are liable for transfer to the Investor Education and Protection Fund (IEPF) Demat Account as per the Companies Act, 2013. The company urges shareholders to claim their unpaid dividends, especially for the financial year 2018-19 (Dividend 2019), which are due for transfer to IEPF on August 22, 2026. Shareholders are advised to submit claims or revalidate dividend warrants.
Can Fin Homes Ltd Issues Dividend and Share Transfer Reminder
Can Fin Homes Ltd has dispatched a crucial reminder letter to its shareholders concerning unclaimed dividends and the subsequent transfer of shares to the Investor Education and Protection Fund (IEPF). This action is in line with Section 124(6) of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
Action Required for Unclaimed Dividends
Shareholders who have not claimed their dividend amounts for seven consecutive years are particularly targeted by this reminder. The company highlights that dividend amounts for the financial year 2018-19 (Dividend 2019) are scheduled for transfer to the IEPF on August 22, 2026. Shareholders are strongly encouraged to verify their records and submit claims for these unpaid dividends. This includes revalidating original dividend warrants for 2019 and subsequent years if they are still in possession. For those who have lost or misplaced warrants, a Letter of Declaration is provided for submission, allowing for direct credit of the dividend amount to their bank account.
Share Transfer to IEPF
Concerned shareholders holding shares in physical form will have new share certificates issued in lieu of their originals for the purpose of transfer to IEPF. Subsequently, these new certificates will be converted into DEMAT form and transferred to the IEPF Authority. For shareholders with shares in dematerialized form, the company will initiate corporate action to transfer shares to the IEPF Authority’s DEMAT account. Original share certificates registered in the name of original shareholders will be automatically cancelled and deemed non-negotiable.
Addressing Folio Updates and Bank Details
For shareholders holding shares in physical mode, it is imperative to update essential details such as a change in address, PAN, nomination choice, contact details, and bank account information. As mandated by SEBI circular dated May 07, 2024, any non-updation of these details may result in dividend/interest payments being processed solely through the electronic mode after furnishing all required information. Shareholders are advised to submit these updates to the company’s Registrar and Share Transfer Agents at the earliest. For those holding shares in electronic mode, contact your Depository Participant for any necessary updations.
The company also reiterates the request for shareholders to convert their physical shares to demat form for easier handling and management. All correspondence should include the Folio/DP Client ID numbers for prompt processing.
Source: BSE
