Cheviot Company Issues Shareholder Notice on IEPF Transfer of Unpaid FY 2018-19 Dividend and Shares

3 min read     Updated on 09 May 2026, 10:26 AM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Cheviot Company Limited published a formal shareholder notice on 8th May 2026 announcing the transfer of unpaid FY 2018-19 dividend and eligible ordinary shares to the IEPF Authority by 30th August 2026, under Section 124 of the Companies Act, 2013. Affected shareholders are urged to claim their dividend immediately, with full details available on the company's investor relations website. The notice was signed by Nodal Officer and Company Secretary Aditya Banerjee from Kolkata.

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Cheviot Company Limited has issued a formal public notice to its shareholders, announcing the impending transfer of unpaid dividend for FY 2018-19 and eligible ordinary shares to the Investor Education and Protection Fund (IEPF) Authority. The notice was published in newspapers on 8th May 2026, pursuant to Section 124 of the Companies Act, 2013, read with Rule 6(3)(a) of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, and in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was published in Business Standard (all India edition, English) and Sukhabar (Bengali regional edition).

Key Dates and Deadlines

Shareholders are urged to take note of the critical timelines associated with this transfer process. The company has already initiated outreach to affected shareholders and has set a firm deadline for claims.

Parameter: Details
Notice Publication Date: 8th May 2026
Individual Communication Dispatched: 6th May 2026 (via registered post)
Dividend Period Affected: FY 2018-19
Transfer Deadline to IEPF Authority: 30th August 2026
Nodal Officer Email: investorservices@chevijute.com
RTA Address: 23, R.N. Mukherjee Road, 5th Floor, Kolkata – 700 001
RTA Contact: +91-33-22482248 / 2243 5029
RTA Email: mdpdk@yahoo.com

Basis for Transfer

Under Section 124(6) of the Companies Act, 2013, and Schedule VI of the SEBI (LODR) Regulations, 2015, ordinary shares in respect of which dividend has not been paid or claimed for seven consecutive years or more are required to be transferred to the DEMAT account of the IEPF Authority. Correspondingly, the unpaid or unclaimed dividend for FY 2018-19, having remained unclaimed for a period of seven years, will be credited to the IEPF on 30th August 2026. In case no communication is received from the shareholders concerned by 30th August 2026, the company shall take necessary steps in accordance with the IEPF Rules to transfer the said shares to the IEPF Authority without further notice.

Shareholder Action Required

Shareholders whose names appear on the affected lists are requested to take immediate action to claim their unpaid or unclaimed dividend. The company has made the following information available on its website at https://www.cheviotgroup.com/investors :

  • List of Unpaid or Unclaimed Dividend Lying with the Company — member-wise details of unclaimed FY 2018-19 dividend
  • List of Shares to be Transferred to the IEPF Authority — names, Folio Number / DP ID – Client ID, unclaimed dividend amounts, and number of ordinary shares due for transfer

Physical shareholders are additionally reminded that folios without PAN and KYC details will be eligible to receive dividend only through electronic mode after furnishing the required PAN and KYC information. Prescribed forms (ISR-1, ISR-2, ISR-3, SH-13, SH-14) are available for download on the company's investor relations webpage under the tab "Communication to members holding shares in physical form."

Transfer Procedure

The company has outlined the mechanism by which the transfer to the IEPF Authority will be effected, depending on the form in which shares are held:

  • Dematerialised shares: The company will inform the relevant depository(ies) by way of corporate action for transfer in favour of the IEPF Authority.
  • Physical shares: The company will issue new share certificate(s) in lieu of the original share certificate(s), following which the depository will be instructed to convert the certificates into DEMAT form and transfer them to the IEPF Authority. Upon issuance of new share certificate(s), the original share certificate(s) registered in the name of such shareholders will stand automatically cancelled and deemed non-negotiable.

Reclaiming Transferred Dividend and Shares

Shareholders whose dividend and/or shares have already been transferred to the IEPF Authority may reclaim them by contacting the company's Nodal Officer at investorservices@chevijute.com to obtain an Entitlement Letter, prior to filing an online application in e-Form IEPF 5. Further information is available on the IEPF portal at www.iepf.gov.in or on the company's website. No claim shall lie against the company in respect of dividend and/or shares once transferred to the IEPF. The notice was signed by Aditya Banerjee, Company Secretary and Compliance Officer, and Nodal Officer, on behalf of Cheviot Company Limited, from Kolkata.

Historical Stock Returns for Cheviot

1 Day5 Days1 Month6 Months1 Year5 Years
+0.98%-6.34%+12.75%+6.68%+11.91%+4.58%

What is the total estimated value of unclaimed dividends and shares that Cheviot Company Limited is transferring to the IEPF Authority, and how does this compare to previous years' transfers?

How might the mandatory IEPF transfer process impact Cheviot Company's shareholder base composition and future dividend distribution efficiency?

What steps is Cheviot Company planning to take beyond the current notice to improve shareholder engagement and reduce unclaimed dividends in future fiscal years?

Cheviot Company Limited Launches Second 100-Day Campaign 'Saksham Niveshak' and Opens Special Transfer Window

1 min read     Updated on 17 Apr 2026, 12:27 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Cheviot Company Limited has launched its Second 100-Day Campaign 'Saksham Niveshak' from April 1 to July 9, 2026, focusing on KYC updates and facilitating direct payment of unclaimed dividends to shareholders. The company has also opened a special transfer window for physical securities from February 5, 2026 to February 4, 2027, targeting eligible cases that were previously rejected due to documentation issues. Shareholders are encouraged to contact the RTA Maheshwari Datamatics Private Limited for assistance with claims and transfers.

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Cheviot Company Limited has launched its Second 100-Day Campaign titled 'Saksham Niveshak' to facilitate shareholder services and address unclaimed dividend issues. The comprehensive initiative demonstrates the company's commitment to enhancing investor relations and ensuring shareholders receive their rightful benefits.

Campaign Details and Timeline

The Second 100-Day Campaign 'Saksham Niveshak' operates from April 1, 2026 to July 9, 2026. This initiative specifically targets KYC updates and facilitates direct payment of unclaimed or unpaid dividends to eligible shareholders.

Campaign Parameter: Details
Campaign Name: Saksham Niveshak
Duration: April 1, 2026 to July 9, 2026
Primary Objective: KYC updates and dividend payment facilitation
Target Audience: Shareholders with unclaimed dividends

Shareholder Action Requirements

Shareholders whose names appear in the unclaimed dividend list must approach the company's Registrar and Share Transfer Agent, Maheshwari Datamatics Private Limited. The RTA can be contacted via email at mdpldc@yahoo.com or through in-person verification at 23, R. N. Mukherjee Road, 5th Floor, Kolkata – 700001.

For shareholders holding dematerialised shares, the process involves updating KYC details with respective Depository Participants and submitting self-attested copies of the updated Client Master List to the company or RTA.

Special Transfer Window Initiative

Cheviot has opened another special window for transfer and dematerialisation of physical securities, valid for one year from February 5, 2026 till February 4, 2027. This initiative follows SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.

Transfer Window Details: Information
Validity Period: February 5, 2026 to February 4, 2027
Eligible Cases: Securities sold/purchased prior to April 1, 2019
Previous Status: Rejected/returned due to document deficiencies
Required Documents: Original share certificate with transfer deed

Contact Information and Support

Shareholders requiring assistance can contact the company directly at investorservices@chevjute.com . The company emphasizes prompt action during the campaign period to prevent transfer of unpaid or unclaimed dividends to the Investor Education and Protection Fund (IEPF).

The notice has been published in Business Standard (English) and Sukhabar (Bengali) newspapers on April 17, 2026, ensuring wide accessibility for shareholders across different linguistic preferences.

Historical Stock Returns for Cheviot

1 Day5 Days1 Month6 Months1 Year5 Years
+0.98%-6.34%+12.75%+6.68%+11.91%+4.58%

What percentage of Cheviot's total dividend payouts remain unclaimed, and how does this compare to industry benchmarks?

Will Cheviot implement permanent digital solutions to reduce future unclaimed dividends after this campaign concludes?

How might the success of this campaign influence SEBI's regulatory approach toward mandatory shareholder engagement initiatives across other listed companies?

More News on Cheviot

1 Year Returns:+11.91%