Investor Relations

Unclaimed Dividends

Transfer of unclaimed dividend to Investor Education and Protection Fund

Pursuant to the provisions of Sections 205A and 205C of the Companies Act, 1956, the dividend which remains unclaimed/unpaid for a period of seven years from the date of transfer to the unpaid dividend account is required to be transferred to the Investor Education and Protection Fund (IEPF) established by the Central Government.

The status of dividend remaining unclaimed is given hereunder:

Unclaimed Dividend Status Whether it can be claimed Can be claimed from
Upto and including the Financial Year 1994-95 Transferred to General Revenue Account of the Central Government Yes Office of the Registrar of Companies, Central Government Office Building, A-Wing, 2nd Floor, CBD Belapur, Navi Mumbai 400 614. Application to be made in Form II prescribed by the Companies Unpaid Dividend (Transfer to the General Revenue Account of the Central Government) Rules, 1978.
For the Financial Years 1995-96 to 2006-07 Transferred to the IEPF of the Central Government No Not applicable
For the Financial Years 2007-08 and thereafter Lying in respective Unpaid Dividend Accounts Yes TSR Darashaw Ltd., Registrar and Transfer Agent.

During the year, the Company sent a reminder to those Members who had not claimed their dividend. The following unclaimed amounts were transferred to IEPF:

Particulars Amount (Rs.)
Amounts transferred during financial year 2014-15:  
- Unclaimed dividend with the Company 87,34,730
- Legal outstanding cases to be retained (2,56,956)
- Unclaimed matured deposits with the Company 0
- Interest accrued on the unpaid mature deposits 0
Total amount transferred during the year 84,77,774

The due dates for transfer to IEPF of the dividend remaining unclaimed /unpaid since for FY2009-15 are provided hereunder:

Date of dividend declaration Unclaimed Dividend (As on 31/03/2016) Last date for claiming payment from TSR Darashaw Ltd.
06.08.2009 1,05,64,199 05.08.2016
08.09.2010 1,15,44,084 07.09.2017
24.08.2011 1,33,81,675 23.08.2018
17.08.2012 1,42,22,816 16.08.2019
16.08.2013 1,47,53,670 14.08.2020
13.08.2014 1,85,96,191 12.08.2021
05.08.2015 2,06,12,955 04.08.2022

Members may visit the Company's website (Investor Relations - Investor Helpdesk - Amounts pending
transfer to IEPF) for tracking details of any unclaimed/unpaid amounts, pending transfer to IEPF. Members are requested to get in
touch with TSRD for claiming the unclaimed dividend, if any, standing to the credit of their account.

Link for refund webpage of IEPF Authority website

After transfer of the said amounts to the IEPF, no claims in this respect shall lie against the IEPF or the Company nor shall any
payment be made in respect of such claims.

Unclaimed Shares

As required under Clause 5A of the Listing Agreement, the Company has sent reminders to the Members whose shares were lying unclaimed/undelivered with the Company.

Shares held in electronic form

Members holding shares in electronic form may please note that:

  • For the purpose of making cash payments to the Investors through Reserve Bank of India (RBI) approved electronic mode of payment (such as ECS, NECS,NEFT, RTGS etc.) relevant bank details available with the depositories will be used. Members are requested to update their bank details with their Depository Participant (DP).
  • Instructions regarding change of address, nomination and power of attorney should be given directly to the DP.

Shares held in physical form

Members holding shares in physical form are requested to notify/send the following to TSRD to facilitate better servicing:

  • Any change in their address/mandate/bank details, and
  • Particulars of the bank and branch in which they wish their dividend to be credited, in case they have not been furnished earlier.

As per Circular No.CIR/MRD/DP/10/2013 dated 21st March 2013, companies are directed to use, either directly or through their RTA, any RBI approved electronic mode of payment such as ECS, NECS, NEFT, RTGS etc. for making cash payments to the Investors. For Investors holding shares in demat mode, relevant bank details from the depositories will be sought. Investors holding shares in physical form, are requested to register instructions regarding their bank details with the RTA. Only in cases where either the bank details such as Magnetic Ink Character Recognition (MICR), Indian Financial System Code (IFSC) etc., that are required for making electronic payment, are not available or the electronic payment instructions have failed or have been rejected by the bank, physical payment instruments for making cash payments to the Investors may be used.

Demat initiative

Easy portfolio monitoring Periodic status reports and information available on internet
Elimination of bad deliveries Ensures faster communication to investors
Elimination of all risks associated with physical certificates Ease related to change of address
No stamp duty is paid on transfer of shares Provides more acceptability and liquidity of securities
Immediate transfer/trading of securities Postal delays and loss of shares in transit is prevented
Faster settlement cycle Saves the shareholder from going through cumbersome legal processes to reclaim the lost/pilfered certificates
Faster disbursement of non-cash corporate benefits like rights, bonus etc.  

In view of the advantages of holding shares in electronic form, Members holding their Equity Shares in physical form are urged to demat their holdings.

Depository Services

Members may write to the respective Depository or to TSRD for guidance on depository services. Address for correspondence with the Depositories is as follows:

National Securities Depository Limited
Trade World, 4th Floor
Kamala Mills Compound
Senapati Bapat Marg, Lower Parel
Mumbai 400 013.
Tel. No. : 022-2499 4200
Fax Nos. : 022-2497 6351
E-mail :
website :

Central Depository Services (India) Limited
Phiroze Jeejeebhoy Towers
17th Floor, Dalal Street
Mumbai 400 023
Tel. No. : 022-2272 3333
Fax Nos. : 022-2272 3199
E-mail :
website :

Nomination Facility

Pursuant to the provisions of Section 72 of the Act, Members are entitled to make nominations in respect of shares held by them. Members holding shares in physical form and intending to make/change the nomination in respect of their shares in the Company, may submit their requests in Form No. SH.13 to TSRD. Members holding shares in electronic form are requested to give the nomination request to their respective DPs directly.

Form No. SH.13 can be obtained from TSRD or downloaded from the Company's website under the section 'Investor Relations'.

Reconciliation of Share Capital Audit

As stipulated by SEBI, a qualified practising Company Secretary carries out Secretarial Audit to reconcile the total admitted capital with NSDL and CDSL and the total issued and listed capital. This audit is carried out every quarter and the report thereon is submitted to the Stock Exchanges as well as placed before the Board of Directors. The audit confirms that the total listed and paid-up capital is in agreement with the aggregate of the total number of shares in physical form and the total number of shares in dematerialised form (held with NSDL and CDSL).