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  3. NOCIL Limited Issues Notice for Transfer of Unclaimed Dividend Shares to IEPF for FY 2018-19 by 5th September 2026
ipo services in India
India IPO
  • 06 May 2026
  • X
 NOCIL Limited Issues Notice for Transfer of Unclaimed Dividend Shares to IEPF for FY 2018-19 by 5th September 2026

NOCIL Limited has issued a public notice for the mandatory transfer of equity shares to IEPF for FY 2018-19, as dividends have remained unclaimed for seven consecutive years since their declaration at the 57th AGM on 30th July 2019. Shareholders must claim their unpaid dividends latest by 31st July 2026 to avoid the transfer, which is scheduled on 5th September 2026. The company had sent individual communications to affected shareholders on 29th April 2026, and details of liable shareholders are available on the company's website. Shareholders may reclaim transferred shares and dividends by filing Form IEPF-5 with the IEPF Authority.

NOCIL Limited Issues Notice for Transfer of Unclaimed Dividend Shares to IEPF for FY 2018-19 by 5th September 2026

NOCIL Limited has issued a formal public notice to its shareholders regarding the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF), in accordance with Sections 124 and 125 of the Companies Act 2013, read with the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended. The notice was published in newspapers on 6th May 2026 and pertains to unclaimed or unpaid dividends for FY 2018-19 that have remained unclaimed for seven consecutive years.

Background and Regulatory Basis

Pursuant to the applicable rules, companies are required to transfer equity shares to the IEPF where dividends have remained unclaimed or unpaid for a period of seven consecutive years or more. The dividend in question was declared at NOCIL's 57th Annual General Meeting held on 30th July 2019. Since the dividend for FY 2018-19 has remained unclaimed for the stipulated period, the underlying shares are now mandatorily required to be transferred to IEPF.

The company had already sent individual communications dated 29th April 2026 to all shareholders whose shares are liable for such transfer, requesting them to claim their dividends.

Key Dates and Deadlines

Shareholders must take note of the following critical timelines:

Event: Date Individual communication sent to shareholders: 29th April 2026 Newspaper advertisement published: 6th May 2026 Last date to claim unpaid/unclaimed dividend: 31st July 2026 Scheduled transfer of shares to IEPF: 5th September 2026

Shareholders who fail to claim their unpaid or unclaimed dividend for FY 2018-19 by 31st July 2026 will have their shares transferred to the IEPF on 5th September 2026, without any further notice from the company.

Newspaper Publications

The notice was published in the following editions:

Economic Times – English Edition dated 6th May 2026

Maharashtra Times – Marathi Edition dated 6th May 2026

Copies of the advertisements have been uploaded on the company's website at www.nocil.com .

Impact on Physical and Demat Shareholders

For shareholders holding shares in physical form, the company will issue new share certificate(s) in lieu of the original certificate(s) for the purpose of conversion into demat form and subsequent transfer to the IEPF Authority's demat account. Upon such issuance, the original share certificate(s) registered in the shareholder's name will stand automatically cancelled and be deemed non-negotiable.

For shareholders holding shares in demat form, the transfer of shares to the IEPF Authority's demat account will be effected through the respective depositories.

Any further dividend on shares transferred to IEPF will be credited directly to IEPF. No claim shall lie against the company in respect of unclaimed dividends or shares transferred to IEPF. Shareholders may, however, reclaim their shares and dividends by submitting an application to IEPF in Form IEPF-5, the procedure for which is available on the company's website www.nocil.com and on the IEPF website at www.iepf.gov.in .

Shareholder Action Required

Shareholders are advised to visit the company's website to verify whether their shares are listed for transfer to IEPF. For queries, shareholders may contact the company's Registrar and Share Transfer Agent:

Contact Detail: Information Name: Mr. Vagolu Ratna Babu, Assistant Vice President Organisation: M/s. KFin Technologies Limited, Unit: NOCIL Limited Address: Selenium Tower B, Plot No. 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad – 500032 Telephone: +91 040 67162222, 040 67161769 Email: einward.ris@kfintech.com ; investorcare@nocil.com

The notice has been signed by Amit K. Vyas, Head-Legal and Company Secretary, NOCIL Limited, Mumbai, dated 6th May 2026.

Gurukripa Trust has released the pledge on 2,50,000 equity shares of nocil Limited, as disclosed in a regulatory filing dated April 16, 2026. The pledge release was executed on April 10, 2026, under the supervision of trustee Hrishikesh Arvind Mafatlal.

Pledge Release Details

The disclosure was made in compliance with Regulation 31(1) & 31(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The shares were unpledged from a loan arrangement with Bajaj Finance Ltd.

Parameter: Details Shares Released: 2,50,000 Release Date: April 10, 2026 Type of Encumbrance: Pledge Lender: Bajaj Finance Ltd. Percentage of Total Capital: 0.15%

Current Holdings Structure

Following the pledge release, Gurukripa Trust's shareholding pattern in NOCIL Limited shows significant changes in encumbered holdings. The trust maintains a substantial stake in the company while reducing its pledged commitments.

Holding Details: Before Release After Release Total Equity Shares: 3,03,26,782 3,03,26,782 Percentage of Capital: 18.16% 18.16% Encumbered Shares: 67,00,000 64,50,000 Encumbered Percentage: 4.01% 3.86%

Promoter Group Holdings

The regulatory filing also provides a comprehensive view of the promoter group's holdings in NOCIL Limited. The total promoter group holding stands at 5,63,91,184 equity shares, representing 33.76% of the company's total share capital.

Key Promoter Holdings:

Mafatlal Industries Limited: 2,52,59,059 shares (15.12%)

Hrishikesh A Mafatlal (Individual): 7,91,468 shares (0.47%)

Other Trust Holdings: Minimal stakes in Karuna Trust, Narsingha Trust, Radharaman Trust, and Shrija Trust

Regulatory Compliance

The disclosure demonstrates the promoter group's commitment to maintaining transparency in shareholding changes and encumbrance modifications. The total encumbered shares across the promoter group now stand at 1,25,19,484 shares, representing 7.50% of NOCIL's total share capital.

This pledge release indicates a strategic financial restructuring by Gurukripa Trust, potentially improving the liquidity position while maintaining the significant shareholding in NOCIL Limited. The trust continues to be one of the major stakeholders in the specialty chemicals company.

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