Greaves Cotton notifies shareholders about unclaimed dividends and potential transfer of shares to IEPF. Action required to retain holdings.
Greaves Cotton Issues Reminder to Shareholders on Unclaimed Dividends and IEPF Transfer
Mumbai, June 16, 2025 — Greaves Cotton Limited (BSE: 501455), India’s leading engineering company, has officially issued a reminder letter to shareholders whose dividends have been unpaid or unclaimed for seven or more consecutive years. The company notified the Bombay Stock Exchange (BSE) that according to the statutory provisions under the Investor Education and Protection Fund (IEPF) Rules, such shares are subject to being transferred to the IEPF authority unless a step is initiated.
This anticipatory step is a part of the company’s Section 124(6) of the Companies Act, 2013 and the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 compliance. The reminder has been issued in an attempt to protect shareholder interests and provide them with a chance to claim their outstanding dividends prior to irreversible transfer.
What the Notification Means for Shareholders
The official communication, which includes a specimen of the reminder letter, was addressed to shareholders whose names appear in the records as having unclaimed dividends for over seven years. These shareholders are urged to initiate the process of claiming their dues before their equity shares are transferred to the IEPF.
After shares are transferred to the IEPF, the shareholders are required to undergo a formal claim process of submitting various documents and getting approval from the IEPF Authority. Therefore, reacting to the reminder prior to transfer is prudent and time-efficient.
Key Highlights of the Announcement:
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- Subject: Reminder to shareholders to claim unpaid dividends
- Company: Greaves Cotton Ltd (BSE Code: 501455)
- Regulation: In accordance with SEBI and IEPF Rules
- Action Needed: File claim to avoid transfer of shares to IEPF
- Deadline: Implied urgency before automatic transfer upon 7-year lapse
- Document: Specimen of reminder letter available in PDF
The company also emphasized that this communication should be taken on record and shareholders are requested to respond without delay.
Understanding the IEPF Process
The Investor Education and Protection Fund was established by the Government of India to consolidate unclaimed dividends, matured deposits, and other related financial instruments. After a period of seven consecutive years of non-claim, such financial assets — including shares — are transferred to the IEPF.
To reclaim such assets, shareholders must file an application in Form IEPF-5 along with required documents. The verification is conducted by the company, followed by processing and approval from the IEPF Authority.
Greaves Cotton’s latest initiative not only fulfills its statutory obligation but also reflects its commitment to transparency and investor welfare.
Steps Shareholders Should Take
- Review the reminder letter received via email or post.
- Check the status of unclaimed dividends via the company or BSE website.
- Contact the registrar or company’s investor relations desk if necessary.
- File the claim for dividend(s) and update bank/KYC details.
- Ensure compliance before the final transfer to IEPF takes effect.
Greaves Cotton has made the reminder accessible to affected shareholders and encourages prompt action to avoid inconvenience later.
About Greaves Cotton Ltd
Founded in 1859, Greaves Cotton Ltd is one of India’s most diversified engineering companies. It operates in sectors including mobility, energy, aftermarket, and auxiliary power. The company has a strong legacy of innovation and serves millions of customers across India.
To know more about the company and corporate announcements, visit the official BSE listing page.
