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Vedanta to Transfer Unclaimed Dividends from FY 2018-19 to IEPF by September 30, 2025
Vedanta to move unclaimed dividends and redemption amounts from FY 2018-19 to IEPF if not claimed by September 30, 2025. Shareholders urged to act.
Vedanta Limited has announced that it will transfer all unclaimed dividends and redemption amounts from the financial year 2018-19 to the Investor Education and Protection Fund (IEPF) if shareholders do not claim them by September 30, 2025. This move aligns with Section 124(5) of the Companies Act, 2013, and the IEPF Authority Rules, 2016, which mandate the transfer of such funds if they remain unclaimed for seven consecutive years.
The amounts in question include dividends declared and redemption proceeds on 7.5% Redeemable Preference Shares issued in FY 2018-19. Shareholders who have not yet claimed these funds are being advised to act promptly and submit the necessary documentation either to Vedanta Limited or its Registrar and Transfer Agent (RTA), KFin Technologies Limited, before the deadline.
Required Documentation:
For physical shareholders:
Duly filled and signed Forms ISR-1, ISR-2, SH-13
Signed request letter
Completed Letter of Undertaking
Self-attested PAN Card and Address Proof
Cancelled cheque with printed bank details
For demat shareholders:
Signed request letter
Completed Letter of Undertaking
Self-attested Client Master List with active bank account info
If shareholders miss the deadline, the unclaimed amounts will be transferred to the IEPF. Although it is still possible to reclaim funds from the IEPF Authority, the process requires submitting Form IEPF-5 through the IEPF website and following the prescribed procedures.
For assistance, shareholders can reach out to:
Vedanta Limited – Corporate Secretarial
Email: comp.sect@vedanta.co.in | Tel: 022 6643 4500
KFin Technologies Limited – RTA
Email: einward.ris@kfintech.com | Toll-Free: 1800-4258-988
Vedanta has also stressed the importance of submitting a Letter of Undertaking, confirming that shareholders have not previously encashed or otherwise dealt with the dividend or redemption amounts.
This regulatory-driven initiative ensures better financial governance while giving shareholders a final opportunity to claim their rightful amounts before the statutory transfer.
