Jay Bharat Maruti reminds shareholders to claim dividends or risk transfer of unclaimed shares to the IEPF Authority under statutory rules.
Jay Bharat Maruti Schedules Reminder to Shareholders Regarding Unclaimed Dividend and IEPF Transfer
New Delhi, July 1, 2025:
Jay Bharat Maruti Ltd (BSE: 520066), a prominent player in India’s automobile components industry, has formally sent a reminder letter to its shareholders about unclaimed dividend and the forthcoming statutory transfer of matching shares to the Investor Education and Protection Fund (IEPF) Authority.
This notice, released under the Bombay Stock Exchange (BSE) on June 30, 2025, is one of the company’s compliance with the Companies Act, 2013 and related Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The update becomes a necessary warning for shareholders who have not received their dividends for seven successive years and beyond.
What Does the Reminder Letter Say?
The reminder letter, as per the notification, has been sent to those shareholders who are eligible and whose dividends have not been claimed for a long duration. As per regulatory guidelines, if the dividend is not claimed within the prescribed time, the company is required to transfer the unclaimed dividend as well as corresponding shares to the IEPF.
Shareholders are being advised to act promptly and verify the status of their dividend entitlement. The letter contains precise guidelines on how shareholders can recover their dues and avoid having their shares transferred to the IEPF.
Regulatory Background: What Is the IEPF?
The Investor Education and Protection Fund (IEPF) was established by the Ministry of Corporate Affairs (MCA) for managing unclaimed dividends and shares in a transparent manner. Pursuant to Sections 124 and 125 of the Companies Act, companies are mandated to transfer such unclaimed assets to the IEPF after a period of seven years. After such transfer, the shareholders can reclaim only through a formal refund process via the IEPF portal.
How to Claim Your Dividend and Avoid IEPF Transfer
More Read
Jay Bharat Maruti Ltd has requested affected shareholders to follow these steps immediately:
- Verify the status of your dividend through the company’s Registrar and Transfer Agent (RTA).
- Submit the required documents, including identity proof, bank details, and shareholding proof.
- Claim the dividend before the cut-off date as mentioned in the reminder letter.
For shareholders whose shares are held in demat form, updating KYC and dividend mandates is essential to prevent future issues.
Why This Matters to Investors
The transfer of shares to IEPF can lead to procedural complications in reclaiming them. The process involves multiple verification stages and can be time-consuming. Shareholders are advised to act swiftly to safeguard their investments.
This initiative by Jay Bharat Maruti Ltd reflects its commitment to shareholder awareness and financial responsibility. The company has always maintained a transparent governance structure, and this move reinforces that approach.
About Jay Bharat Maruti Ltd
Founded in association with Maruti Suzuki India Limited, Jay Bharat Maruti Ltd is a leading producer of sheet metal parts, welded components, and other key auto parts. The firm has built a good image within the Indian automotive supply chain and continues to concentrate on quality, innovation, and corporate governance.
Conclusion
Jay Bharat Maruti’s recent communication highlights an important compliance step that impacts thousands of shareholders. Investors should treat the IEPF reminder seriously and act without delay. By claiming their dividends now, shareholders not only protect their investments but also avoid unnecessary bureaucratic hurdles later.
For more details, shareholders are requested to refer to the company’s official BSE listing page for Jay Bharat Maruti Ltd or contact the investor relations team of the company.
