Maharashtra Seamless has informed its shareholders that individual notices have been dispatched to those who have not claimed dividends for the past seven consecutive years. These shareholders are at risk of having their shares transferred to the Investor Education and Protection Fund (IEPF) Authority during the financial year 2026-27.
According to the company’s announcement, the notices were sent on 6th May 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated 30th January 2026. The company has urged shareholders to claim their outstanding dividends to prevent the transfer of their equity shares to the IEPF.
The IEPF, established by the Central Government, is designed to protect investors’ interests by collecting unclaimed dividends and shares. Under Section 124(6) of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, companies are required to transfer shares for which dividends have not been claimed for seven consecutive years.
Maharashtra Seamless has provided details of the affected shareholders and shares on its website, www.jindal.com. Shareholders are encouraged to claim their unpaid or unclaimed dividends by submitting an application along with self-attested valid identification documents to the Company Secretary at the corporate office in Gurugram or to the company’s Registrar and Transfer Agents, Alankit Assignments Limited, by 15th October 2026.
For shares held in demat form, payment will be remitted electronically to the bank account registered against the demat account. For shares in physical form, shareholders must submit Investor Service Request Forms along with supporting documents, including an original cancelled cheque leaf.
The IEPF Rules and the application form (Form IEPF-5) for reclaiming transferred shares are available on the IEPF Authority’s website, www.iepf.gov.in. The company has clarified that once shares are transferred, any corporate benefits arising from the shareholding will also be credited to the IEPF Account.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).