Eimco Elecon (India) Limited Intimates Shareholders on Transfer of Equity Shares to IEPF Account
Eimco Elecon (India) Limited, on 13th May, 2026, intimated shareholders about the transfer of equity shares to the IEPF Account for unclaimed dividends spanning seven consecutive years from 2018-19. A total of 150 shares are liable for transfer for the identified shareholder (Folio No. 0010115). Shareholders have been given a deadline of 30th August, 2026 to claim unpaid dividends through the Company's Registrar, MUFG Intime India Private Limited. Shares already transferred to IEPF can be reclaimed by filing e-Form No. IEPF-5 with the IEPF Authority.

*this image is generated using AI for illustrative purposes only.
Eimco Elecon (India) Limited has issued a formal intimation to its shareholders regarding the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Account. The communication, dated 13th May, 2026, was filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is in compliance with Section 124(6) of the Companies Act, 2013, read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
Regulatory Background
The IEPF Authority Rules, 2016 came into effect from 7th September, 2016. Under these rules, equity shares on which dividends have not been paid or claimed for seven consecutive years or more are liable to be transferred to the IEPF Account — a fund constituted by the Government of India under Section 125 of the Companies Act, 2013. Eimco Elecon has identified shareholders who have not encashed their dividend warrants for seven consecutive years commencing from the financial year 2018-19.
Unclaimed Dividend Details
The company has notified the concerned shareholders of the specific dividend amounts that remain unclaimed across multiple financial years. The following table outlines the unclaimed dividend details for the identified shareholder (Folio No. 0010115), along with the number of shares liable for transfer:
| Financial Year | Warrant No. | Dividend Amount (Rs.) |
|---|---|---|
| 2018-2019 | 8 | 1050.00 |
| 2019-2020 | 8 | 750.00 |
| 2020-2021 | 6 | 750.00 |
| 2021-2022 | 5 | 375.00 |
| 2022-2023 | 5 | 750.00 |
| 2023-2024 | 63 | 750.00 |
| 2024-2025 | 4 | 750.00 |
| Shares Liable for Transfer to IEPF | — | 150 |
Deadline and Claim Process
Shareholders have been requested to claim their unpaid or unclaimed dividends on or before 30th August, 2026. Failure to do so will result in the transfer of the concerned equity shares to the IEPF Account. Claims for unpaid or unclaimed dividends are to be addressed to the Company's Registrar and Share Transfer Agents:
- Registrar: M/s. MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
- Unit: Eimco Elecon (India) Limited
- Address: "Geetakunj", 1 Bhakti Nagar Society, Behind ABS Tower, Old Padra Road, Vadodara – 390015
- Tel. No.: 0265 3566768
- Email: investor.helpdesk@in.mpms.mufg.com
Reclaim from IEPF Authority
Shareholders whose unclaimed shares and corresponding dividends have been or will be transferred to the IEPF Authority Account retain the right to reclaim them. Such claims can be made by filing e-Form No. IEPF-5, as prescribed under the IEPF Authority Rules, 2016, directly with the IEPF Authority. Shareholders seeking further information or clarification may contact the Company's registered office or the Registrar and Share Transfer Agents at the address mentioned above. The intimation was signed by Rikenkumar Dalwadi, Company Secretary and Compliance Officer of Eimco Elecon (India) Limited.
Historical Stock Returns for Eimco Elecon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.33% | -4.35% | -2.24% | -4.16% | -33.54% | +298.73% |
How might the increasing volume of shares transferred to IEPF across Indian companies impact retail investor confidence and corporate governance standards in the long term?
Could SEBI introduce stricter proactive notification requirements for companies to prevent unclaimed dividends from reaching the seven-year IEPF transfer threshold?
What systemic improvements in digital shareholder communication could Eimco Elecon and similar companies adopt to reduce future instances of unclaimed dividends?


































