Quess Corp Issues Reminder to Shareholders for Unclaimed Dividend Claims and KYC Updates
Quess Corp Limited has issued reminder letters to shareholders on April 16, 2026, requesting them to claim unclaimed dividends spanning multiple financial years from 2020-21 to 2025-26 and update their KYC information. The company notified stock exchanges about this communication as per SEBI regulations, warning that unclaimed dividends may be transferred to IEPF if not claimed within seven years. Shareholders must submit specific documentation including request letters, KYC documents, and cancelled cheques to claim their dividends, with additional requirements for physical share holders including various investor service request forms.
*this image is generated using AI for illustrative purposes only.
Quess Corp Limited has issued reminder letters to shareholders requesting them to claim their unclaimed dividends and update their Know Your Customer (KYC) information. The company communicated this development to BSE Limited and National Stock Exchange of India Limited on April 17, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dividend Claim Reminder Details
The company sent email communications and reminder letters to eligible shareholders on April 16, 2026. The reminder covers multiple financial years where dividends remain unclaimed, creating a comprehensive outreach to ensure shareholders can recover their entitled amounts.
| Financial Year | Dividend Type | Status |
|---|---|---|
| 2020-21 | Interim Dividend | Unclaimed amounts pending |
| 2021-22 | Interim Dividend | Unclaimed amounts pending |
| 2022-23 | 1st Interim Dividend | Unclaimed amounts pending |
| 2022-23 | 2nd Interim Dividend | Unclaimed amounts pending |
| 2023-24 | Interim Dividend | Unclaimed amounts pending |
| 2023-24 | Final Dividend | Unclaimed amounts pending |
| 2024-25 | Interim Dividend | Unclaimed amounts pending |
| 2024-25 | Final Dividend | Unclaimed amounts pending |
| 2025-26 | Interim Dividend | Unclaimed amounts pending |
Regulatory Compliance Requirements
The company has emphasized the importance of timely dividend claims, noting that unclaimed dividend amounts become liable for transfer to the Investor Education and Protection Fund (IEPF) if they remain unpaid for seven consecutive years or more. This transfer occurs in accordance with the applicable provisions of the Companies Act, 2013, and related rules.
Under recent amendments to SEBI Listing Regulations, dividends declared by the company are directly remitted to shareholders' bank accounts registered with the Depository or Registrar & Share Transfer Agents (RTA).
Documentation Requirements for Claims
Shareholders holding shares in electronic or dematerialized form must submit specific documents to claim unclaimed dividends:
- Request letter
- Copy of self-attested updated Client Master List and KYC documents
- Cancelled cheque
For shareholders holding physical shares, additional requirements include:
- Original unclaimed warrant(s), if available
- Investor Service Request Forms (ISR-1, ISR-2, and SH-13)
- Self-attested KYC documents and supporting documentation
- Original cancelled cheque with account holder's name
KYC Update Mandate
SEBI's Master Circular dated February 06, 2026, mandates furnishing of PAN, nomination details, and KYC details for holders of physical securities. The required KYC information includes contact details, bank account details, specimen signature, and postal address with PIN code.
Shareholders can download the necessary forms and SEBI circulars from the company's website at www.quesscorp.com and from the RTA's website. For queries related to dividend claims and KYC updates, shareholders can contact MUFG Intime India Private Limited, the company's Registrar & Share Transfer Agents, at their Mumbai office.
The communication was signed by Kundan K Lal, Company Secretary & Compliance Officer, emphasizing the company's commitment to ensuring shareholders receive their entitled dividends while maintaining regulatory compliance.
Historical Stock Returns for Quess Corp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.62% | +4.50% | +12.65% | -17.20% | -36.96% | -27.51% |
What impact will the potential transfer of unclaimed dividends to IEPF have on Quess Corp's cash flow and shareholder equity in the coming years?
How might the new SEBI KYC mandates affect shareholder participation rates and overall compliance costs for mid-cap companies like Quess Corp?
Could the significant amount of unclaimed dividends across multiple years indicate underlying issues with Quess Corp's shareholder communication or retail investor engagement strategy?
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