Minda Corporation Initiates Transfer Process for Unclaimed Dividend and Shares from FY 2018-19 to IEPF
Minda Corporation Limited has mandated the transfer of certain unpaid dividends and associated equity shares to the Investor Education and Protection Fund (IEPF) Account. This action pertains specifically to unclaimed amounts corresponding to the Financial Year (FY) 2018-19 (Final).The company is required to transfer all such equity shares for which the dividend has not been claimed or encashed by shareholders for seven consecutive years or more, along with the associated unpaid dividend amount.
Shareholders who have not claimed these funds are urged to verify their details and submit necessary claims prior to the set deadlines.
Key details regarding the mandated transfer of unclaimed dividends and equity shares are outlined below:
| Particulars of Transfer to IEPF | Due Date of Transfer to IEPF | Date for Shareholders to Claim |
|---|---|---|
| Unclaimed Dividend and Shares for FY 2018-19 (Final) | October 30, 2026 | On or before October 29, 2026 |
Minda Corporation noted that any equity shares on which the dividend remains unclaimed after seven consecutive years will be transferred to the IEPF Demat Account by the due date. Shareholders are advised that once these items are transferred to the IEPF, no claim can be made against the company in respect of the unclaimed dividend amount and shares.
Shareholders who wish to claim their pending dividends are requested to refer to the company’s website for verification details of the shares and dividends liable for transfer.
If a shareholder fails to claim the required dividend by October 29, 2026, the company will proceed with the transfer of the shares and associated dividends to the IEPF Account on the stipulated due date without further notice.
In the event that unclaimed dividends are transferred to the IEPF, they can subsequently be reclaimed from the IEPF Authority. This recovery process requires submitting an online application to the IEPF using Form IEPF-5, available on the official IEPF website, along with physically sending a duly signed copy of the form and requisite documents to Minda Corporation Limited.
MINDACORP Stock Price Movement
Shares of Minda Corporation Limited today shed 1.64%, settling at ₹683.60 as selling pressure continued throughout the session. The stock saw a volume of 87,237 shares traded during the day.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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