Vinyl Chemicals (India) Ltd will transfer equity shares to the Investor Education and Protection Fund (IEPF) Authority if dividends declared for the financial year 2018-19 remain unclaimed for seven consecutive years. The company has stated that shares in respect of which dividend has remained unclaimed or unpaid for a period of seven consecutive years or more are required to be transferred to the demat account of the IEPF Authority. Shareholders are requested to claim the dividend before the transfer is executed.

The company has sent individual notices to the registered addresses of the concerned shareholders whose shares are liable to be transferred. Details of such shareholders have been uploaded on the company's website. Shareholders holding shares in physical form are advised that upon transfer, the original share certificates registered in their name will stand automatically cancelled and be deemed non-negotiable. For shares held in demat form, the quantity of shares liable to be transfer will be debited from the shareholder's account.

In case the concerned shareholders do not claim their unclaimed dividends on or before August 31, 2026, the company shall transfer the shares to the IEPF Authority without any further notice. Once the shares are transferred, including all benefits accruing on such shares, the same can be claimed only from the IEPF Authority by making an application in Form IEPF-5.

Key Dates and Actions

Shareholders with queries may contact M/s. MUGF Intime India Pvt. Ltd., the Registrar & Transfer Agents of the company, or raise a service request on the website of the Registrar and Share Transfer Agent.

Vinyl Chemicals (India) Ltd has announced its intention to transfer equity shares associated with unclaimed dividends from the financial year 2018-2019 to the Investor Education and Protection Fund (IEPF) Authority. The transfer is mandated under Section 124 of the Companies Act, 2013, and the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as dividends for the specified period have remained unclaimed or unpaid for seven consecutive years or more. Shareholders must claim their outstanding dividends on or before August 31, 2026, to avoid the transfer of their holdings to the IEPF Authority.

The company has dispatched individual notices to the registered addresses of affected shareholders and has uploaded the details of those liable for transfer on its website. Shareholders holding shares in physical form are informed that upon transfer to the IEPF Authority, their original share certificates will be automatically cancelled and deemed non-negotiable. For demat holdings, the quantity of shares liable for transfer will be debited from the shareholder's account.

Key Dates and Deadlines

Once the shares are transferred to the IEPF Authority, along with any accruing benefits, shareholders must submit an application in Form IEPF-5 to the IEPF Authority to reclaim them. The company stated that no liability will lie against it regarding the shares once the transfer is completed. Shareholders with queries may contact the company's Registrar and Transfer Agents, MUGF Intime India Pvt. Ltd., or reach out via email at cs.vinylchemicals@pidilite.com .