Tejas Networks has announced its intention to transfer unclaimed dividends and shares to the Investor Education and Protection Fund (IEPF) Authority. This move pertains to dividends declared for the financial year 2018-2019 that have remained unclaimed for seven consecutive years.
According to the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Auditing, Transfer and Refund) Rules, 2016, companies are required to transfer shares and dividends that have not been claimed for a period of seven years or more to the IEPF. Tejas Networks has identified dividends from the financial year 2018-2019 as unclaimed and will transfer these to the IEPF within the prescribed timelines.
Shareholders who have not encashed their dividends for the financial year 2018-2019 are urged to claim these amounts by contacting the company’s Registrar & Transfer Agents, MUFG Intime India Pvt. Ltd. They are required to provide necessary documentation, including a digital or self-attested copy of the Client Master List for electronic shares or Investor Service Request Forms for physical shares.
The deadline for claiming these unclaimed dividends is August 10, 2026. After this date, both the dividends and the associated shares will be transferred to the IEPF without further notice. Shareholders can check the list of unclaimed dividends on the company’s website.
For shareholders whose dividends and shares have been transferred to the IEPF, it is possible to reclaim them by submitting an online application to the IEPF Authority using Form IEPF-5. Detailed procedures for filing claims are available on the IEPF Authority’s website.
Tejas Networks has clarified that no claims will be entertained against the company once the dividends and shares have been transferred to the IEPF.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).