Schaeffler India Limited has issued a communication to its shareholders, urging them to update their KYC and bank details to facilitate electronic payments. This move follows an amendment by SEBI on 18 November 2025, which mandates all payments to be made through electronic modes only, eliminating physical warrants, cheques, or drafts for dividends, interest, redemption, or repayment amounts.
Shareholders are requested to submit the necessary documents, including Forms ISR-1, ISR-2, ISR-3, SH-13, and SH-14, to update their bank and KYC details. These forms are available on the website of the company’s Registrar & Transfer Agent, MUFG Intime India Private Limited. Shareholders can send the duly executed documents either in hard copy or electronically, provided they are sent from the registered email ID and are electronically signed.
The company also reminded shareholders about the provisions under Section 124 (5) of the Companies Act, 2013, which states that any unclaimed or unpaid dividend transferred to the Unpaid Dividend Account for seven years will be moved to the Investor Education and Protection Fund (IEPF). Shareholders are encouraged to claim any unpaid dividends to prevent them from being transferred to the IEPF.
Additionally, Schaeffler India highlighted a special window opened as per the SEBI circular dated 30 January 2026, allowing investors to submit transfer requests for physical shares from 5 February 2026 to 4 February 2027. This window is for shares sold or purchased before 1 April 2019, including previously rejected or unprocessed requests. All transferred securities must be credited in demat form and will be under lock-in for one year.
Shareholders are advised to open a Demat account with any Depository Participant (DP) of their choice, complete a Demat Request Form (DRF), and submit their share certificates for dematerialisation. The shares will be converted into electronic form and credited to the shareholder’s Demat account.
Documents should be submitted to MUFG Intime India Private Limited at their Vadodara address. Shareholders are also encouraged to register and track their requests through the SWAYAM portal.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).