Polymechplast Machines warns of share transfer to IEPF fund

2 min read     Updated on 04 Aug 2026, 11:06 PM
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Polymechplast Machines Limited announced the transfer of unclaimed dividends and shares from FY2014-15 to the IEPF on October 28, 2022. Shareholders must claim dues by October 27, 2022, to avoid losing direct access to their holdings. The notice was published in major newspapers as per SEBI and Companies Act regulations.

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polymechplast machines has issued a notice to its equity shareholders warning that unclaimed dividends and associated shares will be transferred to the Investor Education and Protection Fund (IEPF) if claims are not filed by a specific deadline. The move affects shareholders who have failed to claim dividends declared for the financial year 2014-15 for seven consecutive years, resulting in the permanent transfer of their equity stakes to the government-managed fund. This action carries significant consequences for passive investors, as recovering shares from the IEPF involves a complex procedural process requiring Form IEPF-5 and extensive documentation.

The notice was published on August 3, 2022, in Financial Express (All India Edition) and Loksatta Jansatta (Vadodara, Gujarat Edition), in compliance with Section 124(5) and Section 125 of the Companies Act, 2013. These disclosures were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also uploaded the intimation on its official website to ensure broader accessibility for stakeholders.

Under the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the transfer mechanism is automatic for dormant accounts. Polymechplast Machines Limited specified that the actual transfer of unclaimed dividend amounts for FY2014-15 is scheduled for October 28, 2022. Consequently, the company set October 27, 2022, as the final date for shareholders to submit their claims. After this cutoff, the company will no longer entertain any claims regarding the unclaimed dividends or the transferred shares.

Shareholders who have not received dividends since FY2014-15 can verify their status through the list published on the company’s website. Those eligible to claim must contact the company before the deadline. If shares are already transferred, investors must approach the IEPF Authority directly with all supporting documents to file Form IEPF-5. The company advised consulting the registrar or share transfer agent for detailed guidance on the recovery process.

Key Dates and Actions

Event Date Details
Notice Publication August 3, 2022 Published in Financial Express and Loksatta Jansatta
Claim Deadline October 27, 2022 Last date for shareholders to contact the company
IEPF Transfer Date October 28, 2022 Unclaimed dividends and shares transferred to IEPF

What the Numbers Show

The filing highlights a regulatory compliance action rather than operational performance. The critical metric here is the timeline: the seven-year dormancy period for FY2014-15 dividends has expired. This indicates a segment of the shareholder base has been inactive for over eight years. For these investors, the immediate risk is not financial loss per se, but the administrative burden and potential delay in reclaiming ownership rights once the assets move to the IEPF Authority's control.

Historical Stock Returns for Polymechplast Machines

1 Day5 Days1 Month6 Months1 Year5 Years
+0.66%-8.32%-9.59%-1.82%-21.54%-13.24%

What percentage of Polymechplast Machines' total outstanding equity is expected to be transferred to the IEPF, and how might this impact the company's free float and market liquidity?

How does the volume of shares transferred to the IEPF by Polymechplast compare to industry averages for mid-cap manufacturing firms in India?

What are the projected administrative costs for shareholders attempting to reclaim shares via Form IEPF-5, and how long does the recovery process typically take?

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Polymechplast Machines RTA shifts branch to Mumbai

1 min read     Updated on 19 Jun 2026, 06:07 PM
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AI Summary

Polymechplast Machines Ltd has informed BSE that its Registrar & Share Transfer Agent, MCS Share Transfer Agent Limited, has moved its branch from Vadodara to Mumbai. All investor services will now be managed from the new Andheri (E) address, with updated contact details provided for shareholder assistance.

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Polymechplast Machines Ltd has announced a change in the branch address of its Registrar & Share Transfer Agent (RTA), MCS Share Transfer Agent Limited. The branch has been relocated from Vadodara to Mumbai, and all investor servicing and share registry work related to the company will henceforth be handled from the new location. This change impacts shareholders seeking assistance with share transfers or other registry services.

The intimation was submitted to BSE Limited on June 19, 2026, by Vaishali VIMALKUMAR PUNJABI, Company Secretary & Compliance Officer. The communication detailed the specific address change, noting that the operations previously conducted at the Vadodara branch have been transferred to the new facility in Andheri (E).

The table below outlines the specific address and contact details for the new branch compared to the earlier location.

Earlier Branch Address (Vadodara) New Branch Address (Mumbai)
MCS Share Transfer Agent Limited

88, Sampatrao Colony, 1st Floor,
Neelam Apartment, above Chhapan
Bhog Sweets, Alkapuri-390007,
Vadodara.

Contact: 0265-2314757 / 2350490

Email: mcsltdbaroda@gmail.com
MCS Share Transfer Agent Limited

3B3, 3rd Floor, B-Wing,
Gundecha Onclave Premises Co-op.
Society Ltd., Kherani Road, Saki Naka,
Andheri (E), Mumbai-400072.

Contact: 022 - 28516021/6022/46049717

E-mail: helpdeskmmum@mcsregistrars.com

Shareholders are advised to update their records accordingly to ensure seamless communication regarding their holdings. The new contact numbers and email ID are now active for all queries and transactions.

Historical Stock Returns for Polymechplast Machines

1 Day5 Days1 Month6 Months1 Year5 Years
+0.66%-8.32%-9.59%-1.82%-21.54%-13.24%

Will this relocation to Mumbai lead to faster processing times for share transfers and other investor services?

Does this change signal a strategic shift by Polymechplast to align with major financial hubs for better corporate governance?

How will the transition impact ongoing shareholder queries or pending transactions during the switchover period?

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1 Year Returns:-21.54%