GIPCL: Shares Linked to Unclaimed Dividends Subject to Transfer to IEPF Authority
Gujarat Industries Power Company Limited (GIPCL) has announced that shares associated with dividends remaining unclaimed for seven consecutive years or more are scheduled for transfer to the Investor Education and Protection Fund (IEPF) Authority.The company issued a notification detailing the process, informing shareholders that the transfer of shares must occur when dividends have not been paid or claimed for seven continuous years.
GIPCL provided a detailed summary of the unclaimed dividend warrants for shareholders. These warrants pertain to the last seven consecutive financial years, commencing from the Financial Year 2018-19.
The following table summarizes the unclaimed dividends:
| Dividend Year | Warrant No. | Amount (Rs.) |
|---|---|---|
| Final Dividend for the year 2018-2019 | 36 | 290 |
| Final Dividend for the year 2019-2020 | 29 | 290 |
| Final Dividend for the year 2020-2021 | 27 | 270 |
| Final Dividend for the year 2021-2022 | 18 | 250 |
| Final Dividend for the year 2022-2023 | 16 | 375 |
| Final Dividend for the year 2023-2024 | 21 | 395 |
| Final Dividend for the year 2024-2025 | 17 | 409 |
Shareholders are strongly advised to claim the aforementioned unclaimed dividends on or before September 30, 2026. The company noted that failing to claim the unclaimed dividend by this deadline will result in the shares being transferred to the IEPF Authority.
Following the transfer of shares to the IEPF Authority, shareholders can subsequently claim the said shares by filing e-form No. IEPF-5, as prescribed by the authority.
GIPCL Stock Price Movement
On Friday, Gujarat Industries Power Company Limited shares rallied, closing at ₹165.17 after gaining 5.10% on the previous session. The stock commanded significant investor interest, with total traded volumes reaching 1.88 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.