Gujarat Alkalies launches Saksham Niveshak campaign for KYC
Gujarat Alkalies and Chemicals Limited has launched the Second 100 days Campaign - Saksham Niveshak to help shareholders claim unpaid dividends from FY19 to FY26 and update KYC details. The initiative aims to prevent the transfer of unclaimed funds to the IEPF. Shareholders must submit forms ISR-1, ISR-2, SH-13, or ISR-3 for physical holdings or update details with their Depository Participant for demat holdings via MUFG Intime India Private Limited.
*this image is generated using AI for illustrative purposes only.
Gujarat Alkalies and Chemicals Limited has commenced the Second 100 days Campaign - Saksham Niveshak to facilitate the updation of KYC details and the claiming of unpaid dividends. This initiative follows a circular from the Investor Education and Protection Fund Authority (IEPFA) and the Ministry of Corporate Affairs (MCA) dated July 16, 2025. The primary objective is to prevent the transfer of unpaid or unclaimed dividends to the IEPF by ensuring shareholders update their records and claim their entitlements.
The company has communicated that shareholders with unpaid dividends for any financial years from 2018-19 to 2025-26 must act to secure their funds. The campaign specifically targets those holding shares in physical or demat form who have not updated details such as PAN, nomination details, postal address, mobile number, email address, bank account details, and specimen signature. The company has previously utilized email communications, newspaper advertisements, and letters to inform shareholders about these requirements.
Documentation Requirements
Shareholders are required to submit specific forms and documents based on their mode of holding. For physical shares, the company mandates the submission of self-attested KYC documents along with specific forms, while demat holders must update details directly with their Depository Participant.
| Type of Holding | Documents to be Submitted |
|---|---|
| Shares held in Physical Form | Form ISR-1 (filed and signed, with self-attested KYC documents); Form ISR-2 (filed and signed, with Banker’s attested Bank Passbook/Statement); Form SH-13 (for adding a Nominee); Form ISR-3 (to opt out of nomination) |
| Shares held in Demat form | Update KYC details with your Depository Participant |
Submission Process
Documents must be submitted to the company’s Registrar and Transfer Agent, MUFG Intime India Private Limited. Shareholders can send self-attested physical copies by post to the Vadodara address or email digitally signed documents from their registered email ID. In cases of joint holdings, the first joint holder must sign the documents.
The company emphasized that dividends are payable only through electronic mode. Consequently, the amount will be credited to the shareholder’s bank account only after the required information and documents are successfully updated. Shareholders facing issues related to unclaimed dividends and shares may also contact their respective Depository Participants or the company directly.
Historical Stock Returns for Gujarat Alkalies & Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.91% | -0.37% | -1.68% | +28.32% | +17.24% | +69.63% |
How will the success of the 'Saksham Niveshak' campaign impact Gujarat Alkalies' shareholder retention and engagement metrics?
Could this initiative by Gujarat Alkalies set a precedent for other listed companies to launch similar aggressive KYC compliance drives?
What are the potential financial liabilities or administrative costs for the company if a significant portion of dividends remain unclaimed and are transferred to the IEPF?
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