Lumax Auto Technologies Issues Notice Regarding Unclaimed Dividends and Shares Liable for IEPF Transfer

Lumax Auto Technologies Issues Notice Regarding Unclaimed Dividends and Shares Liable for IEPF Transfer​

Lumax Auto Technologies Limited has issued communications to shareholders regarding unclaimed and unpaid dividend amounts, specifically focusing on the financial year 2018-19, as well as shares corresponding to seven consecutive years of unpaid dividends.

The company notified stakeholders that any money transferred to the Unpaid Dividend Account which remains unclaimed or unpaid for a period of seven years from the date of transfer is liable to be transferred to the Investor Education and Protection Fund (IEPF).

Action Required for FY 2018-19 Unclaimed Dividends​

Shareholders are urgently requested to claim their unpaid/unclaimed dividend(s) related to the financial year 2018-19. Failure to claim this amount by September 23, 2026, may result in the company transferring the unclaimed dividend amount and relevant equity shares to the IEPF Authority.

Stakeholders who have not encashed or claimed their dividends for the designated year are urged to respond immediately. The complete details of these unpaid dividend records are available on the company's website.

Transfer Risk Associated with Seven Consecutive Years​

A separate notice was issued regarding shares for which dividends remain unclaimed and unpaid for seven consecutive years or more. According to company records, shareholders who have not encashed their dividends in the last seven continuous years (starting from FY 2018-19) are alerted that their associated shares are liable to be transferred to the IEPF.

The following table outlines the dividend years and corresponding declaration dates for which claims have been received:

Claiming Unclaimed Amounts and Shares​

Shareholders are advised to claim their outstanding dividends by sending necessary documentation to the company or its Registrar and Transfer Agent (RTA) before September 23, 2026. Required documents include a Letter of Undertaking and an Indemnity Bond, depending on the amount claimed.

If a dividend is not claimed within the stipulated period for FY 2018-19, the company will transfer the unpaid/unclaimed dividend to the IEPF Authority without further notice. Similarly, shares corresponding to seven consecutive years of unclaimed dividends will be transferred to the IEPF Demat Account if claims are not received by the deadline.

The company also provided resources for shareholders to verify details of their unclaimed dividends on its website, and informed that once a dividend or shares are transferred to the IEPF Authority, claimants may pursue the matter through the IEPF Authority using Form IEPF-5.

LUMAXTECH Stock Price Movement​

Shares of Lumax Auto Technologies Limited slipped by 1.35% on Friday, settling at ₹1646.4 after trading down ₹22.50. The stock completed the session with a volume of 70,642 shares.