Tirupati Sarjan Limited Alerts Shareholders: Act Now to Prevent Share Transfer to IEPF

2 min read     Updated on 03 Dec 2025, 04:01 PM
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Reviewed by
Riya DScanX News Team
Overview

Tirupati Sarjan Limited has notified shareholders about unclaimed dividends for FY 2014-15 and 2016-17. Shareholders who haven't claimed dividends for seven consecutive years must act by March 02, 2026, or risk their shares being transferred to the Investor Education and Protection Fund (IEPF) Authority. Affected shareholders need to submit KYC documents and request letters to retain their shares and associated benefits. This action complies with Section 124(6) of the Companies Act, 2013, and IEPF Authority Rules.

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Tirupati Sarjan Limited has issued a crucial notice to its shareholders regarding unclaimed dividends and potential share transfers to the Investor Education and Protection Fund (IEPF). This move underscores the importance of shareholder vigilance in maintaining their investments.

Key Points of the Notice

Aspect Details
Affected Financial Years 2014-15 and 2016-17
Condition Dividends unclaimed for seven consecutive years
Deadline for Shareholder Action March 02, 2026
Consequence of Inaction Mandatory transfer of shares to IEPF Authority
Required Documents KYC documents and request letters

Implications for Shareholders

  1. Urgent Action Required: Shareholders who haven't claimed their dividends for the specified periods must act promptly to retain their shares.

  2. Document Submission: Affected shareholders need to submit their KYC documents and formal request letters to the company.

  3. Potential Loss of Shares: Failure to respond by the deadline will result in the transfer of shares to the IEPF Authority.

  4. Corporate Benefits at Risk: Along with shares, all accrued corporate benefits will be credited to the IEPF Authority if left unclaimed.

  5. Voting Rights Impact: Voting rights on transferred shares will remain frozen until rightful owners claim them back.

Steps for Shareholders

  1. Review dividend claim status for FY 2014-15 and 2016-17.
  2. If dividends are unclaimed, prepare necessary KYC documents.
  3. Draft a formal request letter to the company.
  4. Submit all required documents before March 02, 2026.

Broader Context

This action by Tirupati Sarjan Limited is in compliance with Section 124(6) of the Companies Act, 2013, and the Investor Education and Protection Fund Authority Rules. It's a reminder of the importance of regular engagement with one's investments and the potential consequences of neglecting to claim dividends over extended periods.

Shareholders should view this as an opportunity to update their records and ensure they remain active participants in the company's financial activities. It also highlights the need for investors to stay informed about their holdings and respond promptly to company communications.

For those who may have already lost their shares to IEPF, there is still recourse. Shares transferred to IEPF can be reclaimed by filing an online application in Form IEPF-5, available on the Ministry of Corporate Affairs website.

This situation serves as a crucial lesson for all investors about the importance of maintaining up-to-date records and actively managing their investment portfolios to avoid potential losses due to administrative oversights.

Historical Stock Returns for Tirupati Sarjan

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Tirupati Sarjan Limited Receives GST Summons from Chennai Tax Authority

1 min read     Updated on 26 Sept 2025, 03:37 PM
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Reviewed by
Naman SScanX News Team
Overview

Tirupati Sarjan Limited (TSL) has received a summons from the CGST Chennai South Commissionerate for a GST inquiry. The company is required to appear before the tax authority on October 7, 2025, with various documents and information from FY 2020-21 onwards, including trial balance, tax forms, project details, and bank statements. TSL states the inquiry is at a preliminary stage with no specific violations alleged, and the financial impact is currently undetermined.

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Tirupati Sarjan Limited (TSL), a company listed on the BSE, has disclosed that it has received a summons from the CGST Chennai South Commissionerate for a GST inquiry. The summons, issued under Section 70 of the Central Goods and Service Tax Act, 2017, requires the company to appear before the tax authority on October 7, 2025.

Details of the Summons

The summons was issued by Kashif Khan, Superintendent/Appraiser/Senior Intelligence Officer from the HPU Section of the CGST Chennai South Commissionerate. TSL received the summons via email on September 25, 2025, although the physical copy had not been received at the time of the company's disclosure to the stock exchange.

Required Documents and Information

The tax authority has requested TSL to provide various documents and information, including:

  1. Trial Balance for the Tamil Nadu Region
  2. Form 26AS, Form AIS, and Form TIS
  3. Details of projects undertaken in Tamil Nadu and their work orders
  4. Client payment details
  5. Bank account statements
  6. Tally data (Accounting data)
  7. Reconciliation between Trial Balance and GST Returns

All the requested information is to be provided from the financial year 2020-21 onwards.

Company's Response

In its disclosure to the BSE, Tirupati Sarjan Limited stated that the inquiry is at a preliminary stage, and no specific violations have been alleged by the tax authority. The company also mentioned that it cannot determine any financial impact at this time due to the nascent stage of the inquiry.

Compliance with SEBI Regulations

TSL has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the recent SEBI circular dated July 13, 2023. The company has provided additional details as required by the regulations, including the nature of the action taken and the potential impact on its operations.

Next Steps

The company is expected to appear before the Superintendent/Appraiser/Senior Intelligence Officer on the specified date with the requested documents and information. As the inquiry progresses, more details may emerge regarding the nature and scope of the GST investigation.

Investors and stakeholders of Tirupati Sarjan Limited will likely be watching closely for any further developments or disclosures related to this GST inquiry.

Historical Stock Returns for Tirupati Sarjan

1 Day5 Days1 Month6 Months1 Year5 Years
+0.84%+4.09%-5.60%-20.52%-24.72%+25.34%
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