Rajapalayam Mills Limited to Transfer Unclaimed Dividend Shares to IEPF Authority

2 min read     Updated on 26 Apr 2026, 09:12 PM
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AI Summary

Rajapalayam Mills Limited has announced its intention to transfer equity shares with unclaimed dividends for seven consecutive years or more to the Investor Education and Protection Fund (IEPF) Authority, in compliance with Section 124(6) of the Companies Act, 2013. The company has already sent individual notices through registered post to affected shareholders, advising them to claim their dividends expeditiously. The detailed statement of shareholders and shares due for transfer is available on the company's website. If no valid claim is received by 25 July 2026, the shares will be transferred to the IEPF Authority on or before 12 September 2026. Shareholders can still reclaim their shares from the IEPF Authority through an online application process.

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Rajapalayam Mills Limited has issued a notice regarding the transfer of equity shares with unclaimed dividends to the Investor Education and Protection Fund (IEPF) Authority. The company, in accordance with Section 124(6) of the Companies Act, 2013, is required to transfer shares in respect of which dividends have not been paid or claimed for seven consecutive years or more to the IEPF Authority. The Government of India has notified the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, which detail the procedure for such transfers.

The company has sent individual notices through registered post to shareholders whose dividends remain unclaimed for the last seven consecutive years or more, advising them to claim the dividend at the earliest. In terms of Rule 6(3) of the Rules, the statement containing details of shareholders and shares due for transfer is available on the company's website for information and necessary action.

Key Dates and Compliance Timeline

Event Date
Last date for dividend claim 25 July 2026
Transfer of shares to IEPF Authority On or before 12 September 2026

In case no valid claim is received for the dividend on or before 25 July 2026, the equity shares in respect of such unclaimed dividend will be transferred to the IEPF Authority in accordance with the Rules. The transfer is scheduled to be completed on or before 12 September 2026.

Shareholder Rights and Recovery Process

Even if the shares are transferred to the IEPF Authority, shareholders retain the right to claim their shares by making an online application to the IEPF Authority. The procedure for claiming shares is available at www.iepf.gov.in and on the company's website www.rajapalayammills.co.in . The necessary application form can be accessed at www.mca.gov.in .

The notice, dated 25 April 2026, was issued by K. Maheswaran, Secretary of Rajapalayam Mills Limited, from the company's registered office at Rajapalayam Mills Premises, P.A.C. Ramasamy Raja Salai, Post Box No. 1, Rajapalayam, Tamil Nadu. The company's Corporate Identification Number (CIN) is L17111TN1936PLC002298.

Historical Stock Returns for Rajapalayam Mills

1 Day5 Days1 Month6 Months1 Year5 Years
-0.04%+2.33%+2.40%+2.40%+2.40%+2.40%

How might this IEPF transfer impact Rajapalayam Mills' shareholding pattern and voting dynamics in upcoming board decisions?

What does the significant number of unclaimed dividends suggest about the company's investor engagement and communication effectiveness over the past seven years?

Could this mandatory transfer create opportunities for institutional investors to increase their stake through the IEPF recovery process?

Rajapalayam Mills Opens Special Window for Physical Share Transfer and Dematerialisation

1 min read     Updated on 16 Apr 2026, 12:33 PM
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AI Summary

Rajapalayam Mills Limited has opened a special window for transfer and dematerialisation of physical shares sold or purchased before April 1, 2019, following SEBI circular dated January 30, 2026. The facility will remain available from February 5, 2026 to February 4, 2027, requiring shareholders to submit transfer deeds, original certificates, and Client Master List. The company has published public notices and informed BSE Limited, with all documentation to be submitted to the registered office in Rajapalayam by February 4, 2027.

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Rajapalayam mills Limited has announced the opening of a special window for transfer and dematerialisation of physical shares, following SEBI circular dated January 30, 2026. The facility is designed to assist shareholders who hold physical securities that were transacted before the implementation of mandatory dematerialisation requirements.

Special Window Details

The special window has been established exclusively for physical securities that were sold or purchased prior to April 1, 2019. This one-time facility addresses the needs of shareholders who may have been unable to complete transfer and dematerialisation processes for their physical share holdings.

Parameter: Details
Window Period: February 5, 2026 to February 4, 2027
Duration: One year
Eligible Securities: Physical shares sold/purchased before April 1, 2019
SEBI Circular Reference: SEBI/HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026

Documentation Requirements

Shareholders seeking to utilise this facility must submit comprehensive documentation to ensure proper processing. The company has specified that eligible shareholders need to furnish their Client Master List along with transfer documents, original share certificates, and other necessary documents as outlined in the SEBI circular.

The transfer deeds must have been executed prior to April 1, 2019, and all documents should be submitted to the Company Secretary at the registered office address in Rajapalayam, Tamil Nadu.

Public Notice and Communication

Rajapalayam Mills Limited has taken multiple steps to ensure widespread awareness of this facility. The company published a public notice on April 16, 2026, in Business Line across all editions. Additionally, the announcement has been disseminated through social media channels including LinkedIn and Facebook to reach a broader shareholder base.

The company formally notified BSE Limited about this initiative on April 16, 2026, providing the exchange with newspaper clippings and social media links as evidence of public communication.

Submission Process

Shareholders must lodge their transfer deeds and supporting documents with the company by February 4, 2027. All submissions should be directed to the Company Secretary at Rajapalayam Mills Premises, P.A.C. Ramasamy Raja Salai, Post Box No.1, Rajapalayam - 626 117, Tamil Nadu.

This special window represents a significant opportunity for shareholders holding physical certificates from transactions completed before the mandatory dematerialisation deadline to regularise their holdings and benefit from electronic trading facilities.

Historical Stock Returns for Rajapalayam Mills

1 Day5 Days1 Month6 Months1 Year5 Years
-0.04%+2.33%+2.40%+2.40%+2.40%+2.40%

Will other listed companies follow Rajapalayam Mills' approach and establish similar special windows for physical share transfers?

How might the success rate of this dematerialisation window influence SEBI's future policy decisions regarding physical securities?

What impact could widespread adoption of such special windows have on the overall liquidity of small-cap stocks like Rajapalayam Mills?

More News on Rajapalayam Mills

1 Year Returns:+2.40%