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 205A of the Companies Act, 1956, be transferred to the Investors Education and Protection Fund (IEPF) established by the Government of India. In terms of the provisions of Section 205C of the Companies Act, 1956, no claim shall lie against the Company or IEPF after the said transfer. The details of the unclaimed / unpaid dividend are as follows:

Financial Year Rate (Amt per Share) Date of Declaration Due for Transfer on
2009-10 1.00 23 Sep.2010 4 Oct.2017
2010-11 1.20 22 Sep.2011 4 Oct. 2018
2011-12 1.00 27 Sep.2012 6 Oct. 2019

MCA has issued a Circular, notified in the Gazette of India G.S.R. 352(E) dated May 10, 2012, notifying the Rule "Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with Companies) Rules, 2012." As per this Rule, companies have separately furnished and upload details of unpaid and unclaimed dividend on their website as also on the Ministry's website. Accordingly, the required information as on 26th September, 2013 is provided below.

  • 2009-10
  • 2010-11
  • 2011-12

In case you have any unclaimed/unpaid dividends in respect of the financial years mentioned above, please write to our Registrar and Share Transfer Agent at the following address for claiming the amount.

MCS Share Transfer Agent Limited.
Aaram Apartment,
12, Sampatrao Colony,
Behind Laxmi Hall,
Alkapuri, Vadodara - 390007
Tel. : (0265)-2314757, 2350490
Fax : (0265)-2341639
E-Mail : mcsltdbaroda@yahoo.com