Somany Ceramics Limited: Shareholders Urged to Claim Unclaimed Dividends Before Share Transfer to IEPF Authority

Somany Ceramics Limited: Shareholders Urged to Claim Unclaimed Dividends Before Share Transfer to IEPF Authority​

Somany Ceramics Limited has issued a reminder regarding equity shares that have not been claimed by shareholders for seven consecutive years. The company noted that these shares, along with the corresponding dividends, are liable for transfer to the Demat Account of the Investor Education and Protection Fund (IEPF) Authority if action is not taken by a specific deadline.

The company pointed out that its records indicate certain equity shares remain unclaimed or unpaid from dividends declared and paid during Financial Year 2018-19 and subsequent financial years.

As per established provisions, any money transferred to an Unpaid Dividend Account of a Company that remains unclaimed for seven years from the date of transfer is required to be moved by the Company to the Investor Education and Protection Fund. Consequently, all shares related to dividends remaining unpaid or unclaimed for seven consecutive years or more must be transferred to the Demat Account of the IEPF Authority.

Shareholders who have not encashed their dividends for the Financial Year 2018-19 and subsequent financial years are required to ensure their equity shares are transferred to the Demat Account of the Authority by September 23, 2026. Failure to comply before this date will result in necessary steps being initiated by the company to transfer these shares to the IEPF without further notice.

The following table outlines the details concerning dividends paid by Somany Ceramics Limited that remain unclaimed or unpaid:


The records available with the company show that a specific number of shares are liable to be transferred to IEPF for each corresponding financial year. Shareholders must take immediate action to claim their outstanding dividends and avoid the transfer of these shares to the Authority.

Shareholders holding shares in Demat form were advised to submit necessary documentation, including a copy of the Client Master List (CML) or an original cancelled cheque leaf, along with correct Bank details. Those holding physical shares were instructed to submit duly filled forms such as ISR-1, ISR-2, or ISR-3, along with related banking documents.

In the event that the shares and unclaimed dividends are transferred to IEPF, shareholders are entitled to claim them from IEPF by submitting an online application in Form IEPF-5 on the prescribed website.

SOMANYCERA Stock Price Movement​

Somany Ceramics Limited shares closed lower today, shedding 2.28% after settling at ₹507.55, having fallen by ₹11.80 from the previous close. The stock traded within a session range, finding support near the day's low of ₹504.10 and peaking once at ₹525.75.