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Unclaimed Dividend

Unclaimed Dividend

The Company has appointed M/s Karvy Computershare Private Limited, (Karvy) for the share registry work (both physical and demat segments).
Consequent upon amendment to Section 205A of the Companies Act, 1956 and introduction of Section 205C by the Companies (Amendment) Act, 1999, the amount of dividend remaining unclaimed for a period of seven years shall be transferred to the Investor Education and Protection Fund. Once transferred to the Central Government the amount will be forfeited by the Government. The dividend declared up to financial year ended March 31, 2003, which remained unclaimed has been transferred to the General Revenue Account of the Central Government in terms of the provisions of Section 205A of the Companies Act, 1956.
We give below the details of dividend to be transferred to the Investor Education and Protection Fund.

  Dividend Payable Rate of Dividend Date of Decleration Date for Transfer to Central Govt
2003-04 Final Dividend 18% 31/07/2004 07/09/2011
2004-05 Interim Dividend 18% 29/03/2005 05/05/2012

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