News Stocks Ambuja Cements Issues Notice for Compulsory Share Transfer to IEPF Due to Unclaimed DividendsAmbuja Cements Issues Notice for Compulsory Share Transfer to IEPF Due to Unclaimed Dividends
Ambuja Cements Limited has issued a regulatory notice under SEBI Listing Regulations regarding compulsory transfer of equity shares to IEPF for shareholders with unclaimed dividends from 2018-2025. Shareholders have until April 25, 2026, to claim unpaid dividends to prevent share transfer. The company has provided detailed claiming procedures and emphasized that post-transfer, recovery must be sought directly from IEPF Authority through prescribed forms and documentation.
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Ambuja Cements Limited has issued a regulatory notice to shareholders regarding the compulsory transfer of equity shares to the Investor Education and Protection Fund (IEPF) for unclaimed dividends. The intimation, filed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, was communicated to stock exchanges on February 5, 2026.
Regulatory Compliance and Legal Framework
The notice stems from provisions under Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. These regulations mandate the transfer of shares to IEPF when dividends remain unclaimed for seven consecutive years or more. The rules came into effect from September 7, 2016, and apply to dividends paid from the 2018 financial year onwards.
Unclaimed Dividend Details
The company has identified shareholders with unclaimed dividends spanning multiple years. A specimen notice sent to a shareholder holding 12 shares (Folio No. 0138803) illustrates the scope of unclaimed amounts:
| Dividend Period | Warrant No. | Amount (₹) |
|---|---|---|
| Final Dividend 2018 | 33015 | 18.00 |
| Interim Dividend 2019 | 28736 | 18.00 |
| Interim Dividend 2020 | 28700 | 204.00 |
| Final Dividend 2020 | 25632 | 12.00 |
| Final Dividend 2021 | 22558 | 75.60 |
| Final Dividend 2022-23 | 20042 | 30.00 |
| Final Dividend 2023-24 | 15185 | 24.00 |
| Final Dividend 2024-25 | 12872 | 24.00 |
Critical Deadline and Action Required
Shareholders must claim their unpaid dividends by April 25, 2026 to prevent the transfer of underlying shares to IEPF. The company has emphasized that failure to respond by this deadline will result in automatic share transfer without further notice. Applications can be submitted through speed post, courier, or email to the company or its registrar.
Share Transfer Process and Implications
For shares held in physical form, Ambuja Cements will issue duplicate share certificates before transfer, rendering original certificates non-negotiable. For demat shares, the company will execute debit and credit corporate actions through the respective depositories. Once transferred to IEPF, no claims can be made against the company or its registrars.
Recovery Process from IEPF
Shareholders can reclaim both transferred shares and unclaimed dividends from the IEPF Authority by filing Form IEPF-5 online. The physical copy must be submitted with requisite documents to either the company's corporate office or registrar MUFG Intime India Private Limited. Claims for dividends declared after Final Dividend 2017 should be made directly with the company, while earlier dividends must be claimed from IEPF Authority.
Contact Information and Support
For clarifications, shareholders can contact the registrar MUFG Intime India Private Limited at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400083. The helpdesk can be reached at +91 8108116767 or via email at investor.helpdesk@in.mpms.mufg.com . The notice will also be available on the company's website at www.ambujacement.com .
Historical Stock Returns for Ambuja Cements
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.73% | -0.17% | -5.72% | -11.93% | +3.77% | +95.44% |
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