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  3. Vishnu Chemicals Notifies Shareholders on IEPF Share Transfer for Unclaimed Dividends
ipo services in India
India IPO
  • 30 Apr 2026
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 Vishnu Chemicals Notifies Shareholders on IEPF Share Transfer for Unclaimed Dividends

Vishnu Chemicals Limited has issued a notice to shareholders regarding the compulsory transfer of equity shares to the Investor Education and Protection Fund (IEPF) for unclaimed dividends. The company has informed shareholders whose dividends remain unpaid or unclaimed for seven consecutive years from FY 2018-19. Shareholders must claim their outstanding dividends by August 6, 2026, to prevent the transfer of their shares to IEPF. The company has published newspaper advertisements and sent individual communications to affected shareholders, with details also available on its website.

Vishnu Chemicals Notifies Shareholders on IEPF Share Transfer for Unclaimed Dividends

Vishnu Chemicals Limited has notified shareholders regarding the compulsory transfer of equity shares to the Investor Education and Protection Fund (IEPF) for unclaimed dividends. The notice, dated April 30, 2026, has been issued pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 124(6) of the Companies Act, 2013.

The company has identified shareholders whose dividends on shares have remained unpaid or unclaimed for a period of seven consecutive years from FY 2018-19. In accordance with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, all unclaimed dividends and the corresponding shares are required to be transferred to IEPF after the expiry of seven years.

Claim Process and Deadlines

Shareholders with unclaimed dividends are required to submit their claims before August 6, 2026. The company has provided specific documentation requirements based on the mode of shareholding:

Shareholding Type Required Documents Demat form Copy of Demat Account Statement (Client master list) showing name, address, demat and bank account details Physical form Original cancelled cheque leaf bearing the name of the first shareholder; or Bank attested copy of first page of Bank Passbook/Statement of Account in original and a cancelled cheque

The annexure accompanying the notice lists dividend warrant dates spanning from June 27, 2019, to August 14, 2025, with the last date of claim specified as August 6, 2026.

Transfer Process and Consequences

In the event that dividends are not claimed by the specified deadline, the company will initiate steps to transfer the shares to IEPF without further notice. For shares held in physical form, new share certificates will be issued and transferred in favour of IEPF, rendering the original certificates cancelled and non-negotiable. For demat holdings, the company will inform the depository through corporate action for the transfer.

Following the transfer to IEPF, shareholders may claim their shares and unclaimed dividends by submitting an online application in Form IEPF-5 available on the IEPF website and sending a physical copy to the company along with requisite documents. The company has clarified that no claim shall lie against it once the transfer to IEPF is completed.

Communication Channels

The company has published newspaper advertisements in Financial Express (English) and Nava Telangana (Telugu) on April 30, 2026. Individual communications have been sent to affected shareholders at their registered addresses. Shareholders may contact the Registrar and Share Transfer Agent, M/s. Bigshare Services Pvt. Ltd, or the company directly for queries regarding the claim process.

Vishnu chemicals has filed a regulatory declaration with stock exchanges confirming that its promoters maintain clean shareholdings without any encumbrances for the financial year 2025-26. The declaration was submitted to both BSE and NSE on April 03, 2026, in compliance with SEBI regulations.

Regulatory Compliance Declaration

The company submitted the mandatory declaration under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeover) Regulations, 2011. This regulation requires promoters to declare any encumbrances on their shareholdings to ensure transparency in ownership structures.

Company Secretary and Compliance Officer Vibha Shinde signed the communication to the exchanges, confirming receipt of the promoter declaration for the financial year ended 31st March, 2026.

Promoter Details

The declaration covers three key promoters of Vishnu Chemicals Limited:

Name of Entity/Person Category Ch. Krishna Murthy Promoter Ch. Manjula Promoter Ch. Siddartha Promoter

Ch. Krishna Murthy signed the declaration on behalf of all promoters, stating that there have been no encumbrances, directly or indirectly, on the shares held by the promoter group during the financial year 2025-26, other than those already disclosed if any.

Exchange Communication

The declaration was formally communicated to both major Indian stock exchanges where the company's shares are listed. The communication included specific reference numbers and was transmitted through the respective electronic filing systems:

BSE Limited: Scrip Code 516072, submitted through BSE Listing Centre

National Stock Exchange: Symbol VISHNU, submitted through NEAPS platform

The company also copied the Audit Committee members and Company Secretary on the promoter declaration, ensuring internal governance compliance alongside regulatory requirements.

Significance of Declaration

This annual declaration serves as a transparency mechanism under SEBI regulations, providing investors and regulators with assurance about the unencumbered nature of promoter shareholdings. The clean declaration indicates that promoter shares remain free from any pledges, liens, or other encumbrances that could potentially impact ownership control or create investor concerns.

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