Jai Corp Limited Transfers Unclaimed Shares to IEPF; Shareholders Urged to Claim Dividends
Jai Corp Limited has initiated the transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) in compliance with regulations governing unpaid or unclaimed dividends. This action follows corporate requirements concerning shareholders who have not claimed due dividends for specified financial years.The company confirmed that it has transferred all shares—both physical and dematerialized—for which dividends declared for the financial year 2017-18 or earlier remained unclaimed for seven years or more consecutively. These transfers are mandated under relevant rules concerning the transfer of such unclaimed shares to the IEPF.
For shareholders whose equity shares are liable for transfer, Jai Corp Limited has issued a notice detailing the procedure and requesting that they claim any dividend declared for the financial year 2018-19 onwards before those shares are also transferred to the IEPF.
All necessary details regarding un-paid or unclaimed dividends, along with full particulars of shareholders including their folio number or DP ID Client ID, have been made available on the company website. Shareholders holding these shares must note that while the shares themselves are liable for transfer, any accrued benefits associated with them can be claimed back from the IEPF following the prescribed procedures.
The company stated it will issue duplicate share certificates in lieu of original certificates to facilitate the transfer to the IEPF. The notice serves as a final communication regarding the issuance of these duplicate certificates and other necessary steps for transferring shares to the IEPF.
If no communication is received from concerned shareholders, whether they hold the shares physically or dematerialized, by September 30, 2026, Jai Corp Limited will proceed with the necessary steps to transfer those shares to the IEPF as prescribed in the relevant Rules.
JAICORPLTD Stock Price Movement
As of 10:47 AM, shares of Jai Corp Limited are climbing to ₹101.91, gaining 1.57% in live trading today. The stock is currently trading within a daily range established between ₹101.2 and ₹102.95.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.
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