Linde India has informed its shareholders about the impending transfer of shares to the Demat account of the Investor Education and Protection Fund (IEPF) Authority. This action is in accordance with Section 124(6) of the Companies Act, 2013, and the IEPF Rules, 2016, which mandate the transfer of shares for which dividends have not been claimed or paid for seven consecutive years.
The company has identified that dividends on certain shares have remained unpaid or unclaimed from the 64th dividend for the year 2018 to the 70th dividend for the year 2024-25. Shareholders have been requested to claim their unpaid or unclaimed dividends by 5 June 2026 to avoid the transfer of their shares to the IEPF Authority‘s Demat account.
Linde India has provided detailed instructions for shareholders to claim their dividends. Shareholders holding shares in dematerialised (DEMAT) form need to submit a copy of the Client Master List showing their name, address, and bank account details. Those holding shares in physical form are required to submit duly filled and signed Forms ISR-1, ISR-2, ISR-3, or SH-13, along with self-attested copies of their PAN Card and Aadhar Card, and an original cancelled cheque leaf bearing the name of the first holder.
The company emphasised that if the required documents are not received by the stipulated deadline, the shares will be transferred to the IEPF Authority without further notice. Additionally, all future benefits accruing on such shares will also be transferred to the IEPF Authority.
Shareholders can find more information about the IEPF Rules and the process for claiming back the shares or dividends transferred to the IEPF Authority on the company’s website and the IEPF’s official site.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).