Keerthi Industries to transfer unclaimed FY19 dividend to IEPF

1 min read     Updated on 22 Jul 2026, 01:01 PM
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Riya DScanX News Team
AI Summary

Keerthi Industries Limited announced that the final dividend for the financial year 2018-19, which remained unclaimed for seven years, will be transferred to the Investor Education and Protection Fund (IEPF) on October 25, 2026. The corresponding equity shares will also be transferred. Shareholders must lodge a valid claim on or before October 5, 2026, to prevent the transfer.

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Keerthi Industries Limited will transfer the final dividend declared for the financial year 2018-19 to the Investor Education and Protection Fund (IEPF) as it remained unclaimed for seven consecutive years. The due date for the transfer is October 25, 2026. The corresponding equity shares on which the dividends were unclaimed will also be transferred to the IEPF authority in accordance with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

The company has informed that individual notices are being sent to all affected shareholders. Full details of the shareholders whose shares are liable to be transferred have been made available on the company's website.

Shareholders holding shares in physical form will have their original share certificates automatically cancelled, while duplicate certificates will be issued and transferred to the IEPF. For those holding shares in electronic form, the demat accounts will be debited for the shares liable for transfer.

Key Dates and Actions

Event Date
Claim Deadline October 5, 2026
Transfer to IEPF October 25, 2026

Shareholders are requested to lodge a valid claim on or before October 5, 2026, to enable the company to process the same. If no valid claim is received by this date, the company will proceed to transfer the liable dividend and equity shares in favour of the IEPF authority without further notice. The company stated that no claims shall lie against it regarding the unclaimed dividend amount and shares transferred to IEPF. Shareholders can claim both shares and dividend from the IEPF authority by submitting an application in Form IEPF-5 online after obtaining an entitlement letter from the company.

Historical Stock Returns for Keerthi Industries

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+0.37%-3.04%-37.36%-48.65%-72.49%

How might the transfer of unclaimed shares to the IEPF impact Keerthi Industries' shareholder structure and liquidity?

What measures is Keerthi Industries taking to improve shareholder awareness and prevent future unclaimed dividends?

Could this trend of unclaimed dividends signal broader issues with investor engagement in the company?

Keerthi Industries faces Rs 4.31 Cr demand notice from J P Associates

1 min read     Updated on 17 Jul 2026, 05:09 PM
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Anirudha BScanX News Team
AI Summary

Keerthi Industries received a demand notice of ₹4.31 crore from J P Associates for unpaid operational debt under the Insolvency and Bankruptcy Code, 2016. The claim includes a principal of ₹3.34 crore and interest of ₹0.97 crore. The company is reviewing the notice with legal counsel and expects to resolve the matter amicably without material impact.

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Keerthi Industries Limited has received a demand notice of ₹4.31 crore from J P Associates regarding unpaid operational debt under the Insolvency and Bankruptcy Code, 2016. The notice, received on July 16, 2026, claims a principal amount of ₹3.33 crore along with interest of ₹0.97 crore. The company stated that it is currently reviewing the notice in consultation with legal counsels to evaluate the claims raised.

The debt relates to the supply of coal, where J P Associates acts as a regular supplier for the company. Keerthi Industries has indicated that it expects to resolve and settle the matter amicably within the statutory timelines. Management further stated that it does not anticipate any material impact on the company's operations or its financial position as a result of this notice.

Details of the Demand Notice

The disclosure was made to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table outlines the key particulars of the demand notice as per Schedule III of the Listing Regulations.

S. No. Particulars Details
01. Name of the Creditor J P Associates
02. Total amount involved / claimed ₹4,31,09,759 (Principal- ₹3,33,91,437 and Interest- ₹97,18,322)
03. Date of receipt of the notice July 16, 2026
04. Nature of the debt Operational Debt related to supply of Coal
05. Brief details of dispute/ litigation Demand notice (Form 3) demanding payment in respect of the unpaid operational debt under Insolvency and Bankruptcy Code, 2016
06. Impact on financial, operation or other activities There is no financial impact on the operations or other activities of the Company.

The company confirmed that there is no financial impact on its operations or other activities at this stage. The Managing Director, Seshagiri Rao Jasti, signed the disclosure submitted to the exchange.

Historical Stock Returns for Keerthi Industries

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+0.37%-3.04%-37.36%-48.65%-72.49%

What are the potential implications for Keerthi Industries' coal supply chain if the dispute with J P Associates escalates?

How might this legal challenge affect the company's ability to secure credit from other suppliers or lenders?

Could the involvement of the Insolvency and Bankruptcy Code signal deeper liquidity issues within Keerthi Industries?

More News on Keerthi Industries

1 Year Returns:-48.65%