Linde India has issued a mandatory notice concerning the transfer of company shares to the Demat Account of the Investor Education and Protection Fund (IEPF) Authority. This action is required for shares where the corresponding dividends have remained unpaid or unclaimed for seven consecutive years. Shareholders must claim their dividends by June 5, 2026, or face the transfer of their ownership rights.
Mandatory Share Transfer to IEPF Authority
Linde India Limited has formally notified shareholders that, in compliance with statutory requirements, shares linked to dividends remaining unclaimed for seven consecutive years will be transferred to the Demat Account of the IEPF Authority. This measure aligns with provisions related to the Companies Act and the associated IEPF Rules.
Details of Unclaimed Dividends Subject to Transfer
The notice specifically details the dividends that have gone unclaimed for the required seven-year period, spanning from the 64th Dividend (FY 2018) up to the 70th Dividend (FY 2024-25). The final date for the declaration of the dividend under review was August 21, 2025.
The specific declaration and corresponding dividend details are as follows:
- 64th Dividend (Dec 2018): Declared on 22/05/2019.
- 65th Dividend (Dec 2019): Declared on 25/09/2020.
- 66th Dividend (Dec 2020): Declared on 29/06/2021.
- 67th Dividend (Dec 2021): Declared on 28/06/2022.
- 68th Dividend (Mar 2023): Declared on 24/08/2023.
- 69th Dividend (Mar 2024): Declared on 17/08/2024.
- 70th Dividend (Mar 2025): Declared on 21/08/2025.
Action Required by Shareholders
Shareholders must submit a signed application to claim their unpaid dividends. The deadline for receipt of these applications is June 5, 2026. Submissions should be sent via email to [email protected], followed by the physical submission of documents to the Company’s Secretarial Department or its Registrar, KFin Technologies Limited, in Hyderabad.
Documentation for DEMAT Shareholders
Shareholders holding shares in DEMAT form must provide a Copy of the Client Master List (CML) detailing their registered name, address, Demat, and Bank account information.
Documentation for Physical Shareholders
Holders of physical shares must submit a more comprehensive set of documents, including:
- Forms ISR-1, ISR-2, ISR-3, or SH-13, duly completed and signed.
- A Self-attested copy of PAN Card.
- A Self-attested copy of Aadhar Card for address verification.
- The Original cancelled cheque leaf bearing the name of the first holder.
Consequence of Non-Compliance
If a duly signed request with the complete set of required documents is not received on or before June 5, 2026, the corresponding shares will be transferred to the IEPF Authority’s Demat Account. Furthermore, please note that any future benefits, including dividends accruing on these shares, will also be transferred to the IEPF Authority.
It is important for physical shareholders to note that upon transfer, the Company will issue a new share certificate(s) to the IEPF Authority, and their original share certificate(s) will be automatically cancelled and rendered non-negotiable.
Source: BSE
