Balrampur Chini Mills Limited has issued a notification regarding the impending transfer of equity shares associated with unpaid or unclaimed dividends to the Investor Education and Protection Fund (IEPF). This action is in accordance with the Companies Act, 2013, and the IEPF Rules. Shareholders who have not claimed dividends for seven consecutive years, from 2019-20 to 2025-26, are advised to act promptly to prevent their shares from being transferred.
IEPF Share Transfer Notification
Balrampur Chini Mills Limited has officially informed its shareholders about the upcoming transfer of equity shares to the Investor Education and Protection Fund (IEPF). This mandatory process is initiated for shares where dividends declared by the company have remained unpaid or unclaimed for a period of seven consecutive years, specifically covering the period from the financial year 2019-20 to 2025-26.
Shareholder Action Required
The company’s notification, dated 10th September 2026, emphasizes that this transfer is in compliance with the provisions of the Companies Act, 2013, and the applicable IEPF Rules. Shareholders who find their dividends in this category are strongly urged to take immediate action. To prevent the transfer of their shares to the IEPF, shareholders must submit a claim and complete an attached Application-cum-undertaking Form. This form and supporting documents must be sent to KFin Technologies Limited, the company’s Registrar and Transfer Agents, on or before 25th November 2026.
Details and Claim Process
Complete details regarding the unpaid dividends and the shares liable for transfer are available on the company’s official website, www.chini.com, under the Investor’s tab, specifically at the link: https://chini.com/investors/unpaid-dividend-iepf. The notice also clarifies the procedures for claiming back both the unclaimed dividend amount and the shares from the IEPF Authority by submitting Form IEPF-5 online, along with physical copies of the required documents.
Failure to respond within the stipulated deadline will result in the shares being transferred to the Demat Account of the IEPF Authority. The company has also highlighted that all future benefits accruing from such shares will be transferred to the IEPF Authority, and no claims will lie against the company in respect of these transfers.
Source: BSE
