Gujarat Mineral Development Corporation Limited Warns Shareholders Over Unclaimed Dividends for Seven Years

Gujarat Mineral Development Corporation Limited Warns Shareholders Over Unclaimed Dividends for Seven Years​

Gujarat Mineral Development Corporation Limited (GMDCL), a Government of Gujarat Enterprise, has issued a notice to shareholders regarding dividends that have remained unpaid or unclaimed for seven consecutive years. The company is notifying stakeholders that these shares, along with the accumulated dividend amounts, are liable for transfer to the Investor Education and Protection Fund (IEPF) Authority if not claimed by the specified deadline.

The action targets eligible shareholders whose shares relate to dividend payments dating back to Financial Year 2018-19 through Financial Year 2024-25.

Key Details on Unclaimed Dividends​

The notice specifies that any money transferred to the Unpaid Dividend Account which remains unclaimed for seven years from the date of transfer shall be transferred by the Company along with accrued interest to the IEPF Authority. Shareholders who have not claimed dividends for this period are requested to act immediately to avoid their shares being transferred to the IEPF Authority.

Shareholders must claim the unpaid or unclaimed dividend amounts for the relevant block of seven financial years, covering 2018-2019 to 2024-2025. The deadline set by GMDCL for claiming these benefits is November 05, 2026.

Action Required by Shareholders​

To prevent the transfer of shares and their associated unclaimed dividends to the IEPF Authority, shareholders are urged to make an application to the Company or its Registered Transfer Agent (RTA), M/s MCS Share Transfer Agent Limited.

Shareholders who wish to have the unpaid dividend credited directly to their bank account must update their banking details with their Depository Participant and submit the necessary documentation to the RTA.

Required documents include:

• Cancelled Cheque leaf of the registered bank account bearing the shareholder's name
• PAN Card
• Aadhaar Card
• Client Master List (CML) / Demat Account Statement

The deadline for submitting these details and documents is also November 05, 2026.

Company Information​

Gujarat Mineral Development Corporation Limited maintains its operations from 'Khanij Bhavan', Vastrapur, Ahmedabad. The company has made a 'Statement of Unclaimed Dividend' available on its official website, providing details such as Name, Folio No./DP & Client Id, and the number of shares for all eligible shareholders.

GMDCLTD Stock Price Movement​

Edging higher in live trading, shares of Gujarat Mineral Development Corporation Limited trade at ₹598.00 as of 3:26 PM, buoyed by a solid gain of 2.05%. The stock saw active participation during the session, logging a traded volume of 1.1 million shares.