Paisalo Digital to transfer unclaimed dividend to IEPF

1 min read     Updated on 23 May 2026, 12:32 PM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Paisalo Digital Limited announced the transfer of unclaimed dividends for FY 2018-19 and corresponding shares to the IEPF Authority on September 16, 2026. Shareholders must submit claims by September 11, 2026, to prevent the transfer. The company has issued notices to affected shareholders and provided details on the claim process via Form IEPF-5.

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Paisalo Digital Limited has informed its shareholders regarding the transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority. The company stated that the final dividend for the financial year 2018-19, which has remained unclaimed for a period of seven years, is scheduled to be credited to the IEPF on September 16, 2026. This action is being taken pursuant to the provisions of Section 124 of the Companies Act, 2013 and the relevant IEPF rules.

Transfer Details

The transfer applies to the final dividend declared for FY 2018-19 that has not been claimed or encashed for seven or more consecutive years. In addition to the dividend amount, the corresponding equity shares on which these dividends remained unclaimed will also be transferred to the IEPF Authority. The company has already sent individual notices to all concerned shareholders whose shares are liable for this transfer.

Impact on Shareholders

Shareholders holding shares in physical form will have their duplicate share certificates cancelled and transferred to the IEPF Authority. For those holding shares in electronic form, the demat accounts will be debited for the shares liable for transfer. The company has clarified that no claim will lie against it once the transfer is completed.

Claim Process and Deadline

To avoid the transfer, shareholders must ensure that a valid claim is received by the company on or before September 11, 2026. If no claim is received by this date, the company will proceed to transfer the liable dividend and equity shares to the IEPF Authority without further notice. Shareholders can subsequently claim the shares and dividends from the IEPF Authority by submitting an application in Form IEPF-5 online after obtaining an entitlement letter from the company.

Key Event Date
Last Date for Claim September 11, 2026
Transfer to IEPF September 16, 2026
Financial Year for Dividend 2018-19

For any queries regarding the transfer process, shareholders have been requested to contact the company's Registrar & Share Transfer Agent, Alankit Assignments Limited.

Historical Stock Returns for Paisalo Digital

1 Day5 Days1 Month6 Months1 Year5 Years
-0.35%-0.34%+17.67%+66.41%+100.71%+93.50%

How might the transfer of unclaimed shares to IEPF affect Paisalo Digital's shareholder composition and voting dynamics going forward?

What steps is Paisalo Digital planning to improve shareholder engagement to prevent future unclaimed dividends from reaching the seven-year threshold?

How does the IEPF reclaim process typically impact retail investors in terms of timeline and success rate, and could regulatory reforms simplify it?

Pro Fitch acquires 10.5L shares in Paisalo Digital

1 min read     Updated on 20 May 2026, 07:40 PM
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Reviewed by
Riya DScanX News Team
AI Summary

Pro Fitch Private Limited disclosed the acquisition of 10,50,000 equity shares in Paisalo Digital Limited on May 20, 2026, increasing its total holding to 2.7593%.

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Pro Fitch Private Limited has submitted a disclosure to the stock exchanges regarding the substantial acquisition of shares in Paisalo Digital Limited . The acquisition was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The transaction involved the purchase of equity shares carrying a face value of Re. 1 each.

Details of the Acquisition

The acquirer, which belongs to the promoter group, purchased 10,50,000 equity shares on May 20, 2026. The mode of acquisition was the open market. Prior to this transaction, Pro Fitch Private Limited held 2,40,46,220 shares, which represented 2.6438% of the total share capital.

Post-Acquisition Holding

With the latest acquisition, the total shareholding of Pro Fitch Private Limited in Paisalo Digital Limited has increased. The acquirer now holds 2,50,96,220 equity shares. This revised holding constitutes 2.7593% of the company's total share and voting capital.

The equity share capital of Paisalo Digital Limited remains at Rs. 90,95,21,874, divided into 90,95,21,874 equity shares of Re. 1 each. The total diluted share capital also remains unchanged at this figure.

Shareholding Summary

Description Number of Shares % of Share Capital
Holding Before Acquisition 2,40,46,220 2.6438%
Shares Acquired 10,50,000 0.1155%
Holding After Acquisition 2,50,96,220 2.7593%

The disclosure was signed by Sunil Purushottanm Agarwal, Director of Pro Fitch Private Limited, on May 20, 2026.

Historical Stock Returns for Paisalo Digital

1 Day5 Days1 Month6 Months1 Year5 Years
-0.35%-0.34%+17.67%+66.41%+100.71%+93.50%

Will Pro Fitch Private Limited continue to increase its stake in Paisalo Digital Limited through further open market purchases, potentially triggering a mandatory open offer under SEBI takeover regulations?

How might the promoter group's consistent accumulation of shares impact Paisalo Digital Limited's stock liquidity and free float in the secondary market?

Could this series of promoter acquisitions signal an upcoming strategic initiative, such as a merger, delisting, or significant business expansion at Paisalo Digital Limited?

More News on Paisalo Digital

1 Year Returns:+100.71%