Pursuant to Section 125 of the Companies Act, 2013 (earlier Section 205C of the Companies Act, 1956), the Central Government has established a Fund namely the Investor Education and Protection Fund (IEPF) which is credited inter- alia with amounts remaining unclaimed in the dividend accounts of Company for a period of seven years from the date they became due for payment. Unclaimed dividend for the years prior to and including the financial year 2007-08 has been transferred to the Investor Education and Protection Fund established by the Central Government (IEPF), as applicable.
The details of unclaimed amount of dividend for the previous seven years along with their respective due dates for transfer to IEPF are provided herein below for the benefit of the Shareholders. The Shareholders are requested to kindly check their dividend entitlement and those who have not yet encashed/claimed their dividend for the aforesaid years, may write to the Company or to the Registrar and Share Transfer Agent M/s Karvy Computershare Pvt. Ltd at Karvy Selenium Tower B, Plot No 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana, in this regard.
The Shareholders may note that once unclaimed dividend has been transferred to IEPF, no claim shall lie in respect thereof on the Company.
Details of Unclaimed Dividends (as on 22 July 2015) for financial years 2007-08 to financial year 2013-14, as well as for the Financial year 2014-15 are as follows: