Nesco Limited has notified the stock exchanges regarding the upcoming transfer of unpaid and unclaimed dividends and equity shares to the Investor Education and Protection Fund (IEPF) Authority. The disclosure, submitted on 23 May 2026, outlines the company's compliance with Section 124 of the Companies Act, 2013, and the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

The transfer specifically concerns the final dividend declared for the financial year 2018-19. Dividend entitlements that have remained unpaid or unclaimed for seven consecutive years or more are due to be transferred to the IEPF. Consequently, the corresponding equity shares of the company will also be moved to the IEPF Authority account.

Shareholder Action Required

The company has issued a direct warning to shareholders that any claims against the company regarding unclaimed dividends or shares transferred to the IEPF will not be entertained once the transfer is completed. To prevent this, concerned shareholders are requested to claim their unpaid dividend amounts by submitting an application to the company along with requisite documents.

The deadline for shareholders to claim these dues is 25 August 2026. Required documents include a cancelled cheque leaf displaying the name, a self-attested copy of the PAN Card, and address proof. These claims must be submitted to the company's Registrar and Share Transfer Agent, KFintech India Private Limited.

Post-Transfer Recovery Process

Following the transfer to the IEPF, shareholders can still reclaim their unclaimed dividends and equity shares. However, this process requires filing an application in the prescribed Form IEPF-5 online. A physical copy of this form, duly signed as per the specimen signature recorded with the company, must then be sent to the company along with the documents enumerated in the form.

The company stated that individual notices have been sent to shareholders at their registered addresses, but legal delivery issues may occur. Therefore, this public notice serves to ensure all potentially affected shareholders are informed of the impending transfer and the necessary actions to secure their entitlements.

Nesco Limited has notified its shareholders regarding the upcoming transfer of unpaid and unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action pertains to the final dividend declared for the financial year 2018-19, which has remained unclaimed for seven consecutive years or more.

The transfer is being executed in compliance with Section 124 of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The company has stated that the transfer of these funds and shares to the IEPF Authority is scheduled to take place following the stipulated regulatory timeline.

Shareholders who have not yet claimed their dividends for the specified period are advised to act promptly. To ensure the dividend is encashed and the shares are retained, shareholders must submit a claim to the company's Registrar and Share Transfer Agent, Link Intime India Pvt. Ltd., on or before August 25, 2026. The claim must include necessary documents such as a cancelled cheque leaf, a self-attested copy of the PAN Card, and address proof.

Nesco Limited has communicated directly with affected shareholders via post to their registered addresses. However, the company noted that some shareholders might not have received the legal notice due to address issues. Consequently, this public notice serves as an additional alert to ensure all concerned parties are informed of the impending transfer.

Once the shares and dividends are transferred to the IEPF Authority, shareholders will no longer be able to claim these amounts from Nesco Limited. However, shareholders may subsequently claim the refund of unclaimed dividends and shares from the IEPF Authority by submitting Form IEPF-5 online and sending a physical copy of the form, duly signed, along with the requisite documents to the company.

The detailed statement containing the names and details of shareholders whose shares are due for transfer is available on the company's official website. Shareholders are encouraged to review this information to verify their status and take necessary action before the deadline.