Welspun Corp to transfer unclaimed shares to IEPF by July 31
Welspun Corp Limited announced that equity shares with unclaimed dividends for seven years or more will be transferred to the Investor Education and Protection Fund (IEPF) by July 31, 2026. The company published newspaper advertisements on June 2, 2026, to notify shareholders in compliance with regulatory rules. Shareholders are advised to claim their dues before the deadline to avoid the transfer.
*this image is generated using AI for illustrative purposes only.
Welspun Corp Limited has announced that equity shares for which dividends have remained unpaid or unclaimed for seven consecutive years or more will be transferred to the Investor Education and Protection Fund (IEPF). The company stated that this transfer is mandated under Section 124(6) of the Companies Act, 2013 and the IEPF Authority Rules, 2016. Shareholders have been advised to claim their unclaimed dividends by July 31, 2026, to avoid the transfer of their holdings.
The company has published extracts of newspaper advertisements in the Financial Express (English), Kutchmitra, and Kutchuday (Gujarati) on June 2, 2026, in compliance with Rule 6(3)(a) of the IEPF Authority Rules. This publication serves as a formal notice to shareholders regarding the impending transfer of equity shares and dividends to the IEPF account.
Welspun Corp has already sent individual communications to affected shareholders at their registered addresses, providing details of the unclaimed amounts. Additionally, the company has uploaded the list of shareholders, their folio numbers, and specific unclaimed dividend details on its website, www.welspuncorp.com . This measure allows investors to verify if their holdings are subject to the upcoming transfer.
Shares will not be transferred to the IEPF if there is a specific order from a court, tribunal, or statutory authority restraining such a transfer. Furthermore, shares that are hypothecated or pledged under the provisions of the Depositories Act, 1996, are exempt from this process. The company emphasized that no further notice will be issued once the transfer is executed.
For shares held in physical form, new share certificates will be issued to the IEPF, rendering old certificates invalid. In the case of electronic holdings, the company will instruct the depository to transfer the shares to the IEPF account. Once transferred, shareholders must file a claim with the IEPF authority using Form IEPF-5 to recover their shares or dividends, as the company will not entertain claims post-transfer.
Shareholders seeking clarification or assistance can contact the company's registrar, Link Intime India Private Limited, or the Company Secretary Department of Welspun Corp Limited. The contact details for the registrar are available at its Mumbai office, while the company secretariat can be reached at Welspun House in Lower Parel, Mumbai.
Historical Stock Returns for Welspun Corp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.77% | +2.17% | +10.73% | +68.36% | +52.37% | +842.04% |
What impact will the transfer of these unclaimed shares to the IEPF have on Welspun Corp's shareholding pattern and floating stock?
How might the deadline of July 31, 2026, influence shareholder activism or engagement regarding unclaimed dividends?
Could this initiative by Welspun Corp set a precedent for other companies to accelerate their compliance with IEPF regulations?
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