NewsBirlaNu Limited Issues Notice to Shareholders on Compulsory Transfer of Equity Shares to IEPF for Unclaimed Final Dividend FY 2018-19BirlaNu Limited Issues Notice to Shareholders on Compulsory Transfer of Equity Shares to IEPF for Unclaimed Final Dividend FY 2018-19
BirlaNu Limited (formerly HIL Limited) has issued a formal notice under Regulation 30 of SEBI Listing Regulations, 2015, informing shareholders that equity shares linked to unclaimed Final Dividend for FY 2018-19 will be compulsorily transferred to the IEPF Authority within 30 days from August 27, 2026. Shareholders must submit their claims with updated KYC and bank details to the RTA—Venture Capital and Corporate Investments Private Limited—on or before August 20, 2026, to prevent the transfer. Post-transfer, shareholders may reclaim their shares and dividends through the MCA portal by filing Form IEPF-5.
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BirlaNu Limited (formerly HIL Limited) has issued a formal intimation to its shareholders regarding the compulsory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. The notice, filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pertains to shareholders whose Final Dividend for FY 2018-19 remains unpaid or unclaimed. The communication was signed by Company Secretary and Compliance Officer Nidhi Bisaria on May 6, 2026.
Regulatory Basis for Transfer
The action is governed by Section 124 of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 and subsequent amendments. Under these provisions, all unclaimed dividends must be transferred to the IEPF—established by the Central Government—after the expiry of seven years from the date of transfer to the unpaid dividend account. Additionally, all shares in respect of which dividends have remained unclaimed for seven consecutive years or more are also required to be transferred to the IEPF.
Key Dates and Deadlines
Shareholders must act promptly to avoid the compulsory transfer. The following critical dates apply:
| Parameter: | Details |
|---|---|
| Notice Date: | May 1, 2026 |
| IEPF Transfer Due Date: | Within 30 days from August 27, 2026 |
| Last Date to Submit Claim: | On or before August 20, 2026 |
| Dividend in Question: | Final Dividend FY 2018-19 |
Shareholders are required to submit their claims to the Registrar and Share Transfer Agent (RTA)—Venture Capital and Corporate Investments Private Limited—at least 7 days prior to the due date of August 27, 2026, i.e., on or before August 20, 2026.
Steps for Shareholders to Claim Unpaid Dividend
To claim the unpaid dividend and prevent the transfer of shares to IEPF, shareholders must ensure their KYC and bank details are updated. The required documentation differs based on the mode of holding:
For shares held in demat form:
- Submit a self-attested Client Master List as provided by the Depository Participant
- Payment will be made to the bank account registered under the demat account
For shares held in physical form:
- Submit Investor Service Request Form ISR-1, Form ISR-2, and Form No. SH-13 (Nomination Form) or Form ISR-3 (Opt out of Nomination)
- Provide supporting documents including an original cancelled cheque or bank-attested copy of the first page of the bank passbook or bank-attested copy of statement of account
- Update KYC details including PAN, nomination, contact details, bank account details, and specimen signature
All documents must be sent from the shareholder's registered email address or by post/courier to the RTA or the Company.
RTA Contact and Claim Procedure
Shareholders may contact the RTA—Venture Capital and Corporate Investments Private Limited—at "AURUM", 4th & 5th Floors, Plot No. 57, Jayabheri Enclave Phase – II, Gachibowli, Hyderabad – 500032, via telephone at 040 – 23818475/35164940 or email at investor.relations@vccipl.com . The Company can also be reached at cs@birlanu.com . Investor Service Request Forms are available for download at https://birlanu.com/investor/general-information .
Recourse After IEPF Transfer
If dividends and shares are transferred to the IEPF, shareholders retain the right to claim them from the IEPF Authority by registering on the MCA portal at https://www.mca.gov.in/content/mca/global/en/foportal/fologin.html . Shareholders must also submit a physical copy duly signed to the Company along with requisite documents as enumerated in Form IEPF-5. BirlaNu Limited has clarified that no claim shall lie against the Company in respect of shares or unclaimed dividends transferred to IEPF. Detailed procedures for claiming shares and dividends from IEPF are available on the Company's website.
Historical Stock Returns for Birlanu
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.08% | +16.86% | +13.98% | -14.19% | -23.11% | -53.83% |
How might BirlaNu Limited's rebranding from HIL Limited impact shareholder awareness and the volume of unclaimed dividends in future IEPF transfer cycles?
Could SEBI or the Ministry of Corporate Affairs introduce stricter digital notification requirements to reduce the number of shares being transferred to IEPF each year?
What is the total estimated value of BirlaNu shares and dividends at risk of IEPF transfer, and how does this compare to industry peers in the building materials sector?
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