Hikal to transfer unclaimed 2018-19 dividends to IEPF
Hikal Limited is set to transfer unclaimed dividends for FY 2018-19 and related shares to the IEPF on September 5, 2026, under the Companies Act, 2013. The company has notified affected shareholders via letters and newspaper publications. To avoid share transfer, shareholders must claim their dues by the deadline.

*this image is generated using AI for illustrative purposes only.
Hikal Limited will transfer unclaimed final dividends for the financial year 2018-19 and the corresponding equity shares to the Investor Education and Protection Fund (IEPF) on September 5, 2026. This action follows the provisions of Section 124 of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The transfer applies to dividends that have remained unclaimed for seven or more consecutive years.
The company has sent individual communications to shareholders whose shares are liable for transfer and published reminder letters in newspapers including Business Standard and Mumbai Lakshadeep on May 30, 2026. Shareholders holding shares in physical form will have new share certificates issued to the IEPF, automatically cancelling the original certificates. For dematerialized shares, the company will instruct depositories to transfer the shares to the IEPF's demat account.
Shareholders must claim their unclaimed dividends by September 5, 2026, to prevent the transfer of their equity shares. Claims should be submitted to the company's Registrar and Transfer Agent, MUFG Intime India Private Limited, along with necessary documents such as the Investor Service Request Form and a cancelled cheque leaf. Any benefits accruing on the transferred shares will also be issued to the IEPF Authority.
Once the shares are transferred, shareholders can reclaim both the dividend and the shares from the IEPF Authority by following the procedure prescribed under the Rules, which involves filing web form IEPF 5. The company has made the complete details of affected shareholders, including folio numbers and Demat account details, available on its website.
| Detail | Description |
|---|---|
| Dividend Period | FY 2018-19 |
| Transfer Date | September 5, 2026 |
| Applicable Rule | Section 124(6) of the Companies Act, 2013 |
| RTA | MUFG Intime India Private Limited |
Historical Stock Returns for Hikal
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.09% | -13.29% | +1.40% | -21.41% | -48.93% | -54.48% |
What impact will the transfer of these shares to the IEPF have on Hikal's shareholding pattern and floating stock?
How might the complexity of the IEPF 5 refund process influence shareholder sentiment regarding holding physical versus dematerialized shares?
Is Hikal likely to see a surge in investor queries or claim submissions as the September 5, 2026 deadline approaches?


































