GE Vernova T&D India Limited has notified its shareholders regarding the impending transfer of equity shares to the Investor Education and Protection Fund (IEPF) due to unpaid dividends. The transfer, scheduled for August 27, 2026, pertains to shares for which dividends have remained unclaimed for seven consecutive years or more. This action is being taken pursuant to Section 124(6) of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

The dividends specifically identified as unpaid and unclaimed include the Final Dividend for the financial years 2018-19, 2023-24, and 2024-25. The company has communicated with affected shareholders at their latest available addresses, requesting them to claim the outstanding amounts. Failure to claim these dividends will result in the transfer of the corresponding shares to the demat account of the IEPF Authority.

To prevent the transfer of shares and the unpaid dividend for the financial year 2018-19, shareholders must submit their claims by August 17, 2026. The process requires shareholders to send specific documents to the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, located in Kolkata. The necessary documentation varies depending on whether the shares are held in dematerialized or physical form.

For shares held in demat form, shareholders must ensure their bank details are registered with their Depository Participant and submit a signed request letter along with a self-attested Demat Account Statement showing the client master list. Those holding shares in physical form must ensure their folio is KYC compliant and submit a signed request letter, along with forms ISR-1, ISR-2, and SH-13 or SH-14 if applicable, and a copy of the share certificate.

Once the shares are transferred to the IEPF, all future benefits, including dividends, will be credited to the fund. Shareholders will not be able to make claims against the company regarding these transferred amounts or shares. However, shares can be reclaimed from the IEPF Authority by submitting an online application in Form IEPF-5 on the Ministry of Corporate Affairs website after obtaining a letter of entitlement from the company.

The following table outlines the key dates and details regarding the dividend years and the transfer process:

A notable block trade was executed on the National Stock Exchange (NSE) for GE Vernova T&D India Ltd., with approximately 1,04,081 shares changing hands in a single transaction. The deal was struck at a price of ₹4,904.20 per share, aggregating to a total transaction value of ₹51.04 crores.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades are large, privately negotiated securities transactions that are executed outside of the open market to minimise the impact on the prevailing market price. Such trades are typically carried out by institutional investors and are reported separately on the exchange platform.