SEBI and IEPFA Launch Mega Initiative to Unlock Unclaimed Investor Wealth in Bhubaneswar
Investor Outreach Drives Claims Resolution for Unpaid Dividends and Shares
The Securities and Exchange Board of India (SEBI) and the Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, recently spearheaded a major joint initiative. This endeavor was the sixth 'Niveshak Shivir' held in Bhubaneswar on March 27, 2026.The core objective of this investor outreach program is twofold. It aims to significantly reduce the volume of unclaimed investor assets within the financial system. Furthermore, it assists shareholders directly in reclaiming long-pending unpaid dividends and shares.
This proactive joint effort underscores a shared commitment to bolstering investor protection and overall financial empowerment across India.
Seamless Collaboration Underpins Investor Claims Event
The successful execution of the Shivir was made possible by robust collaboration among key financial stakeholders. The event saw active participation from Market Infrastructure Institutions (MIIs).These institutions included NSE, NSDL, BSE, and CDSL. Crucial support was also provided by Registrar and Transfer Agents (RTAs). These included KFin Technologies Ltd., MUFG Intime India Pvt. Ltd., Bigshare Service Private Ltd., and CAMS.
The day-long event witnessed enthusiastic participation, drawing over 285 investors and claimants from Bhubaneswar and surrounding regions.
End-to-End Service Delivery for Shareholders
The initiative was structured with dedicated service desks established under one roof. These desks offered comprehensive, end-to-end assistance to attendees.Investors could receive guidance on claiming dividends and shares that have been unclaimed for periods exceeding six years. The event also facilitated the on-the-spot updating of crucial Know Your Customer (KYC) and nomination details.
Furthermore, the setup ensured prompt resolution of various claim-related issues. It also streamlined the processing of pending claims submitted specifically to IEPFA.
Direct Interaction Eliminates Intermediaries
A key feature highlighted at the Shivir was the setup of dedicated kiosks by the stakeholder RTAs. This arrangement allowed investors to interact directly with the relevant officials. This direct channel successfully eliminated the reliance on intermediaries for services.The Niveshak Shivir successfully enabled the direct facilitation of unpaid dividends and claims pending for six to seven years. These direct services were contingent upon on-the-spot KYC and nomination updates, alongside addressing complex IEPFA claim issues.
High-Level Presence Signals Government Support
The function was attended by senior officials lending weight to the initiative. Present were Shri Binod Sharma, General Manager of SEBI, and Shri Shobhit Srivastava, General Manager of IEPFA. Other officials from SEBI, IEPFA, MIIs, and RTAs were also in attendance.This sixth edition of the Niveshak Shivir series signals a broader commitment. SEBI and IEPFA are proposing similar events in other major cities that house significant quantities of unclaimed investor assets.
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