Unclaimed Dividend

The Dividend declared and distributed by the Company to its shareholders which remains unclaimed gets accumulated with the Company. Dividends that are not encashed or claimed, within seven years from the date of its transfer to the unpaid dividend account, will, in terms of the provisions of Section 124 of the Companies Act, 2013, be transferred to the Investors Education and Protection Fund (IEPF) established by the Government of India. The Dividend transferred to IEPF Authority can be claimed back from IEPF Authority only.

Unpaid/ unclaimed dividend for the Financial Year 2009-10 for which 7 (Seven) Years was completed on 29th October, 2017 has already been transferred to the IEPF Authority. The details of unpaid/unclaimed dividend for the Financial Year 2009-10 already transferred to IEPF Authority and Unpaid/unclaimed dividend for the Financial Year 2010-11 & 2011-12 are as follows:

Financial Year Rate (Amt per Share) Date of Declaration Due for Transfer on
2009-10 1.00 23 Sep.2010 Already Transferred to IEPF Authority
2010-11 1.20 22 Sep.2011 28th October, 2018
2011-12 1.00 27 Sep.2012 2nd November, 2019
  • Newspaper Clips - Regarding transfer of shares to the Investor Education and Protection Fund (IEPF) Suspense Account

According to Section 124 (6) and the IEPF (Investor Education protection Fund) Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017 as amended from time to time, the Company has already transferred the shares in respect of which the dividend has not been paid or claimed by the shareholders for 7 (seven) consecutive years to the IEPF authority on 29th November, 2017. The shares transferred to IEPF Authority can be claimed back from IEPF Authority only.

  • List of Shares transferred to IEPF Authority

In case you have any unclaimed/unpaid dividends in respect of the Financial Years 2010-11 and 2011-12 mentioned above, please write to our Registrar and Share Transfer Agent at the following address for claiming the amount.

MCS Share Transfer Agent Limited.
88, Sampatrao Colony,
1st Floor, Neelam Apartment,
Above Chappanbhog sweet,
Alkapuri, Vadodara - 390007.
Tel. : (0265)-2314757, 2350490
Fax : (0265)-2341639
E-Mail : mcsltdbaroda@yahoo.com