aviation

Details of Unpaid / Unclaimed Dividend

Pursuant to the applicable provisions of the Companies Act, 2013, read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (‘the Rules’), all unpaid or unclaimed dividends are required to be transferred by the Company to the IEPF established by the Central Government, after the completion of seven years. Accordingly the unpaid / unclaimed dividends lying with the IndianOil would be due for transfer to IEPF as per details given below:

SR. No. Financial Year Dividend Type Rate Due date for transfer to IEPF
1 2015-16 Interim 55% 13-03-2023
2 2015-16 Final 85% 16-10-2023
3 2016-17 1st Interim 135% 02-03-2024
4 2016-17 2nd Interim 45% 27-04-2024
5 2016-17 Final 10% 02-10-2024
6 2017-18 Interim 190% 02-03-2025
7 2017-18 Final 20% 25-09-2025
8 2018-19 Interim 67.5% 11-01-2026
9 2018-19 2nd Interim 15% 23-04-2026
10 2018-19 Final 10% 02-09-2026
11 2019-20 Interim 42.5% 14-04-2027
12 2020-21 1st Interim 75% 05-03-2028
13 2020-21 2nd Interim 30% 19-04-2028
14 2020-21 Final 15% 27-09-2028
15 2021-22 1st Interim 50% 03-12-2028
16 2021-22 2nd Interim 40% 01-03-2029
17 2021-22 Final 24% 26-09-2029

To check the details of unclaimed / unpaid dividend lying with IndianOil, investors are requested to input the following details pertaining to their shareholding:

Folio No.(Eg:IOC000000)

OR

Demat Accout No.(16 Digit)

NSDL - 8 alphanumeric DP ID and 8 digit client ID (Eg: IN300000 1000000)

CDSL - 16 digit client ID (Eg: 1200000000000000)

Kindly note that as per Section 124(5) of the Companies Act, 2013, the dividend amount remaining unclaimed for 7 years, is required to be transferred to the Investor Education & Protection Fund (IEPF) constituted by Government of India.

Further, as per section 124(6) of the Companies Act, 2013 read with rules made thereunder, provide that all shares in respect of which dividend has not been paid or claimed for Seven consecutive years or more shall be transferred by the Company to the demat account of the IEPF authority.

The shares / dividend so transferred are claimable from the IEPF authority by following the due process for refund. In order to avoid transfer of dividend / shares to the IEPF authority , you are requested to claim the unpaid dividend by submitting below mentioned documents either to the Company or the Registrar and Transfer Agent at the address mentioned below:

  • Outdated Dividend Warrant(s), as detailed above, if available.
  • Request letter mentioning Folio No/ DP Id & Client ID.
  • Self-attested copy of PAN card & address proof.

Kindly note that unpaid dividend will be credited in Bank details available in Folio/ Demat Account. In case of non-availability of bank details or if there is any change in bank details, please provide following documents:

  • For Shares in Physical Form-
    • Original Cancelled Cheque leaf.
    • Self-attested copy of the pancard
    • Duly filled form ISR-1 (KYC updation).
    • Request for updation of bank details to be included in the request letter for unpaid/ unclaimed dividend.
  • For Shares in Dematerialised Form-
    • kindly get bank details updated with your depository and provide us updated client master list.

Bhaskar Roy
Assistant General Manager,
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli Financial District,
Nanakramguda, Hyderabad - 500032
Toll Free no: 18003454001
Email: einward[dot]ris[at]kfintech[dot]com
Website: www.kfintech.com
Sudesh Shetye
Indian Oil Corporation Ltd.
Secretarial Department
G-9, Ali Yavar Jung Marg,
Bandra (E),
Mumbai – 400051
Ph: (022) 26447327 / 26447408