Tata Elxsi has issued a formal reminder to shareholders whose dividends from the 2018-19 financial year remain unpaid or unclaimed. Under statutory requirements, both the outstanding dividend amounts and the associated equity shares are scheduled for transfer to the Investor Education and Protection Fund (IEPF). Shareholders are urged to claim their dues and update their KYC records by August 16, 2026, to avoid the mandatory transfer of these assets.
Required Action for Shareholders
To ensure the recovery of unclaimed dividends and prevent the transfer of shares to the government-established fund, shareholders must take immediate action. The company requests that all affected members submit their signed request forms along with necessary supporting documents to the Registrar and Transfer Agent (RTA) no later than August 16, 2026. Failure to act by this deadline will result in the transfer of both the unpaid dividend and the corresponding equity shares to the IEPF without further notice.
KYC and Bank Detail Updates
Following recent industry guidelines, the company emphasizes the importance of maintaining up-to-date account information. Payments for outstanding dividends will only be processed once valid bank details and KYC documents have been registered with the RTA or the respective Depository Participant.
For shareholders holding shares in physical form, this involves submitting forms such as ISR-1, ISR-2, and ISR-3 or SH-13. Those holding shares in electronic form are required to submit an attested copy of their Client Master List to ensure that new bank details are correctly recorded against their demat account.
Claiming Transferred Assets
In the event that assets are transferred to the fund due to non-response, claimants will need to follow a more complex recovery process. This involves filing an online application using the e-Form IEPF-5. Claimants must provide the entitlement letter issued by the company along with the required documentation to the authorities. Shareholders are encouraged to resolve these matters now to avoid the administrative burden of the formal reclamation process.
Source: BSE
