Nilkamal Limited Issues IEPF Transfer Notice to Shareholders
Nilkamal Limited published newspaper advertisements on April 24, 2026, notifying shareholders about potential transfer of unpaid dividends and equity shares to IEPF Authority under Companies Act provisions. Shareholders with unclaimed dividends from financial year 2018-19 onwards must claim by July 23, 2026, to prevent transfer, with recovery possible through prescribed IEPF procedures.
*this image is generated using AI for illustrative purposes only.
Nilkamal Limited has issued a comprehensive notice to shareholders regarding the potential transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority, following regulatory compliance requirements under Indian corporate law.
Regulatory Compliance Notice
The company published newspaper advertisements on April 24, 2026, in Financial Express (English All Editions) and Damanganga Times (Gujarati Vapi Edition), pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice addresses the proposed transfer of unpaid/unclaimed dividends and corresponding equity shares to the IEPF Account.
| Parameter: | Details |
|---|---|
| Publication Date: | April 24, 2026 |
| Publications: | Financial Express, Damanganga Times |
| Legal Framework: | Section 124(6) of Companies Act, 2013 |
| Applicable Rules: | IEPF Authority Rules, 2016 |
IEPF Transfer Requirements
Under the provisions of Section 124(6) of the Companies Act, 2013, read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the company is required to transfer all shares where dividends have remained unpaid or unclaimed for seven consecutive years or more to the IEPF Authority.
Shareholders affected by this requirement are those who have not claimed their dividends from financial year 2018-19 (Final) onwards. The company has sent individual communications to all concerned shareholders at their latest available addresses, providing details of shares liable for transfer.
Shareholder Action Required
The notice specifies that shareholders must claim their unpaid dividends by July 23, 2026, to prevent transfer of their shares to the IEPF Authority. Key points for shareholders include:
- Physical shares: Original share certificates will be automatically cancelled upon transfer
- Demat shares: Liable shares will be debited from shareholder accounts
- Complete details: Available on company website under 'Investor Circle' section
- Claims process: Both dividends and shares can be reclaimed from IEPF Authority following prescribed procedures
Recovery Process
Shareholders can reclaim transferred dividends and shares from the IEPF Authority by submitting an application in Form IEPF-5, available on the IEPF website www.iepf.gov.in . The company's Registrar and Transfer Agent, MUFG Intime India Private Limited, can be contacted for queries at their Mumbai office.
Corporate Communication
The notice was signed by Sagar Mehta, Company Secretary & Compliance Officer (Membership No. A44900), emphasizing the company's commitment to regulatory compliance and shareholder protection. The communication ensures transparency in the IEPF transfer process while providing clear guidance for affected shareholders to take necessary action.
Historical Stock Returns for Nilkamal
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.78% | -0.02% | +15.93% | -15.30% | -21.27% | -30.90% |
How might the transfer of unclaimed shares to IEPF Authority impact Nilkamal's shareholding pattern and voting dynamics?
What measures could Nilkamal implement to improve dividend claim rates and reduce future IEPF transfers?
Will the potential reduction in free-float shares due to IEPF transfers affect Nilkamal's stock liquidity and institutional investor interest?
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