Section 205 of the Companies Act, 1956 provides that any dividend that has remained unpaid / unclaimed for a period of seven years be transferred to the Investor Education and Protection Fund (IEPF) setup by Central Government. The Company annually sends a communication to the concerned shareholders, advising them to lodge their claim with respect to unclaimed dividend. Shareholders may note that once unclaimed dividend is transferred to IEPF, no claim shall lie in respect thereof.
The shareholders are requested to kindly check their dividend entitlement, & those who have not yet encashed their dividend for the aforesaid years, may write to the IndianOil or its R&T Agent, M/s Karvy Computershare Pvt. Ltd, in this regard.