Reliance Industries Limited (RIL), on Friday in a regulatory said that filing that unclaimed shares would be transferred to the Investor Education and Protection Fund (IEPF) Authority, under the Ministry of Corporate Affairs (MCA). Unclaimed dividends for seven consecutive years will result in the shares being transferred to a government fund.
Public Notice from Reliance Industries
In a public notice dated May 24, 2024, Reliance Industries informed its shareholders that unclaimed shares would be transferred to the Investor Education and Protection Fund (IEPF) Authority, under the Ministry of Corporate Affairs (MCA). The notice stated, “In case the Company does not receive any communication (claiming the unclaimed/unencashed dividend) from the concerned shareholders on or before August 26, 2024, the Company shall, with a view to complying with requirements set out in the Rules, dematerialize and transfer the shares to IEPF Authority by way of corporate action as per procedure stipulated in the Rules.”
Transfer to the Government Fund
According to Reliance Industries, all shares for which dividends remained unpaid or unclaimed for the financial year 2015-16 or earlier have already been transferred to the IEPF Authority on their respective due dates. The company communicated individually to the concerned shareholders on May 21, 2024, urging them to take appropriate action to avoid the transfer of their shares to the IEPF Authority during the financial year 2024-25.
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Checking Your Shares
Reliance Industries has created a dedicated webpage for shareholders to check if their shares are eligible for transfer to the IEPF Authority. To verify, visit: [Reliance Industries Shareholders Information](https://www.ril.com/investors/shareholders-information/dividend-shares). Click on ‘Details of Equity Shares Liable for Credit to IEPF Authority’ and enter the required details (Year Interval and DP ID/Client ID/Folio Number). This will display any Reliance shares eligible for transfer. If your shares have already been transferred, you can check the details under ‘Details of Equity Shares Transferred to IEPF Authority’.
Claiming Transferred Shares
If your shares have been transferred to the IEPF Authority, you can still claim them. According to Reliance Industries, shareholders must submit an online application via Web-Form IEPF-5 available on the IEPF Authority website ([IEPF Refund](https://www.iepf.gov.in/IEPF/refund.html)). An instruction kit for filling out the form is also available on the website. A PAN is mandatory for the submission of the IEPF-5 form. Applications can also be made by successors or legal heirs of deceased shareholders.
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For any queries regarding the transfer of Reliance shares to the IEPF, shareholders should contact KFin Technologies Limited, the company’s Registrar and Transfer Agent (RTA):
Address: Selenium Tower B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Hyderabad- 500032.
Toll-free contact number: 1800-309-4001 (from 9 am to 6 pm on all working days)
Email: [email protected]
Website: [KFin Technologies](http://www.kfintech.com)
