Schaeffler India has communicated essential updates to its shareholders, primarily focusing on compliance requirements mandated by recent regulatory changes. Shareholders are strongly urged to update their Know Your Customer (KYC) and Bank details electronically to facilitate future payments like dividends. The announcement also highlights critical deadlines regarding unclaimed dividends, the transfer of shares to the Investor Education and Protection Fund (IEPF), and a special window for dematerializing physical shares.
Mandatory Updates for Electronic Payments
Schaeffler India Limited has issued a communication urging all shareholders to immediately update their records to align with recent regulatory mandates prioritizing electronic transactions. Shareholders must submit or update their PAN details, KYC particulars, and Bank Account details. This is crucial to ensure that future payments, including any declared dividends, interest, or redemption amounts, are received directly via electronic mode, as physical warrants or cheques will no longer be issued.
Shareholders can obtain the necessary forms (such as ISR-1, ISR-2, ISR-3, SH-13, SH-14) from the website of the Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited (MPMS). Submission can be done via attested hard copies or electronically if documents are electronically signed by the shareholder and sent to the RTA’s registered email ID.
Investor Education and Protection Fund (IEPF) Notices
The company reminds shareholders about Section 124(5) of the Companies Act, 2013, concerning dividends that remain unclaimed for Seven Years from the date of transfer. These funds will mandatorily be transferred by the Company to the Investor Education and Protection Fund (IEPF), managed by the Central Government.
Shareholders whose dividends or shares have been transferred to the IEPF are entitled to claim them directly from the IEPF Authority by submitting the prescribed Form IEPF-5 online via the Ministry of Corporate Affairs website. Once transferred to IEPF, claims cannot be processed by the RTA or the Company.
Special Window for Physical Share Transfer (Dematerialization)
In reference to a recent regulatory circular dated January 30, 2026, a special window has been opened for a period of one year, running from February 5, 2026, to February 4, 2027. This window allows investors to submit transfer requests for physical shares that were sold or purchased before April 1, 2019, including requests that were previously rejected.
- Securities transferred during this window must be credited to the transferee’s account in demat mode only.
- These shares will subsequently be subject to a lock-in period of one year.
Shareholders are encouraged to open a Demat Account with any Depository Participant (DP) of their choice and submit a Demat Request Form (DRF) along with their share certificate(s) for conversion into electronic form.
RTA Contact Information
All relevant documentation and requests related to these processes should be submitted to the RTA, MUFG Intime India Private Limited, located in Vadodara. Shareholders can also track their requests using the dedicated SWAYAM portal provided by the RTA.
Source: BSE
