Eimco Elecon (India) Limited Intimates Shareholders on Transfer of Equity Shares to IEPF Account

2 min read     Updated on 13 May 2026, 08:22 PM
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AI Summary

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.

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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 Day5 Days1 Month6 Months1 Year5 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?

Eimco Elecon Completes Strategic Land Acquisition in Gujarat for ₹45.56 Crore

1 min read     Updated on 20 Apr 2026, 05:39 PM
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AI Summary

Eimco Elecon has completed the acquisition of 35,056 square meters of land in Gujarat for ₹45.56 crore. This strategic purchase expands the company's land holdings in the state and positions it for potential operational growth. The investment demonstrates the company's commitment to strengthening its presence in Gujarat's industrial landscape.

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Eimco Elecon has successfully completed a significant land acquisition in Gujarat, purchasing 35,056 square meters of property for ₹45.56 crore. This strategic investment marks an important milestone in the company's expansion plans within the state.

Land Acquisition Details

The company has finalized the purchase of substantial industrial land in Gujarat, representing a major capital investment in the region. The acquisition details are outlined below:

Parameter: Details
Land Area: 35,056 square meters
Purchase Price: ₹45.56 crore
Location: Gujarat
Transaction Status: Completed

Strategic Significance

This land acquisition positions Eimco Elecon to expand its operational capabilities within Gujarat's industrial corridor. The substantial area of 35,056 square meters provides the company with significant space for potential manufacturing facilities, warehousing, or other industrial operations. Gujarat's strategic location and industrial infrastructure make it an attractive destination for manufacturing companies looking to enhance their production capabilities.

Investment Impact

The ₹45.56 crore investment demonstrates the company's confidence in Gujarat's business environment and its commitment to long-term growth in the region. This acquisition adds valuable real estate assets to the company's portfolio while providing flexibility for future operational expansion. The completion of this transaction strengthens Eimco Elecon's asset base and establishes a foundation for potential business development activities in the state.

Historical Stock Returns for Eimco Elecon

1 Day5 Days1 Month6 Months1 Year5 Years
+0.33%-4.35%-2.24%-4.16%-33.54%+298.73%

What specific manufacturing facilities or operations does Eimco Elecon plan to establish on this newly acquired land?

How will this Gujarat expansion impact Eimco Elecon's production capacity and market reach in the coming quarters?

What is the expected timeline for development and operationalization of the 35,056 square meter facility?

More News on Eimco Elecon

1 Year Returns:-33.54%