Amines & Plasticizers Limited has informed shareholders and the stock exchanges that the final dividend declared for financial year 2018-19, which has remained unclaimed for seven consecutive years, is due to be transferred to the Investor Education and Protection Fund (IEPF) on 28 October 2026, along with the corresponding equity shares. The company sent individual notices to affected shareholders on 1 July 2026 and has asked them to lodge their claims by 13 October 2026 to avoid the transfer.
Scheduled Transfer
28 October 2026
Dividend Concerned
FY 2018–19
Last Date to Claim
13 October 2026
What Has Happened
On 1 July 2026, Amines & Plasticizers Limited (APL) intimated the BSE and the National Stock Exchange, under Regulation 30 of the SEBI Listing Regulations, that it had sent individual notices through speed post to shareholders whose final dividend for FY 2018-19 remains unclaimed. The company also published a newspaper advertisement and uploaded a folio-wise list of the affected shareholders on its website, as required under the IEPF Rules.
The notices ask shareholders holding shares in demat form to submit an attested Client Master List after completing KYC with their Depository Participant, and shareholders holding shares in physical form to submit signed Investor Service Request Forms (ISR-1, ISR-2, and SH-13 or ISR-3 for nomination) along with supporting documents. Claims are to be lodged with the company's Registrar and Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), before 13 October 2026. Where no valid claim is received, the company has stated it will transfer the shares, whether held in physical or electronic form, to the IEPF on the due date without further notice.
Why This Happens: The Seven-Year Rule
Section 124(5) of the Companies Act, 2013 requires companies to transfer dividends that remain unpaid or unclaimed for seven consecutive years to the IEPF. Section 124(6), read with Rule 6 of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, further requires that the underlying equity shares be transferred to the fund as well, even where the shareholder is otherwise active and traceable. Companies have no discretion to waive this once the seven-year period has run out.
In practice, this rule most often catches shareholders who still hold old physical share certificates, have changed their address or bank account without updating the company's records, or have inherited a small holding from a family member without realising a dividend was ever declared on it. Legal heirs are frequently unaware that a deceased relative's shares are even at risk.
Key Facts Verified From Company and Regulatory Disclosures
The company's notice also flags a SEBI Master Circular dated 6 February 2026, under which outstanding dividend on physically held shares will be credited only if the folio is fully KYC-compliant, meaning the shareholder's address with PIN code, mobile number, email ID, bank details, PAN linked with Aadhaar, and nomination are all on record.
Part of a Wider Regulatory Push
Amines & Plasticizers is one of many listed companies that also ran the IEPFA and Ministry of Corporate Affairs' second "Saksham Niveshak" 100-day outreach campaign, conducted from 1 April 2026 to 9 July 2026 following an MCA directive dated 27 March 2026, to encourage shareholders across the market to update their KYC and claim pending dividends before such statutory transfers take effect.
Separately, SEBI's circular dated 30 January 2026 opened another special one-year window, from 5 February 2026 to 4 February 2027, for investors to re-lodge physical share transfer requests that were originally filed before 1 April 2019 but were rejected, returned, or left unprocessed. This is relevant to shareholders who still hold physical certificates and had earlier attempted, unsuccessfully, to transfer or convert them; any shares approved under this window are credited only in dematerialised form.
SEBI has also, through the LODR (Fifth Amendment) Regulations, 2025 notified in November 2025, amended Regulation 12 to require listed companies to pay dividends, interest, and redemption amounts only through RBI-approved electronic modes, removing the earlier fallback of payable-at-par warrants or cheques. This is part of why companies are now pressing shareholders harder to keep their bank details current.
What This Means for Shareholders and Legal Heirs
For APL shareholders whose FY 2018-19 dividend and related shares are on the published list, the transfer to IEPF on 28 October 2026 will proceed as a statutory action if no valid claim reaches the RTA by 13 October 2026. Once shares move to the IEPF, no claim can be made against the company for them; recovery is possible only through a formal application to the IEPF Authority itself.
For Legal Heirs
Where the original shareholder has passed away and the shares were never transmitted, the heir generally needs to first complete transmission formalities with the company or its RTA using succession documents, and only then pursue a claim if the shares have already moved to the IEPF.
For Other Investors
Investors holding shares of other companies, particularly older physical certificates or demat holdings tied to outdated bank accounts, should treat this notice as a prompt to check their own portfolios rather than assume the issue is unique to APL.
Action Points for Investors
Check the list of shareholders published on the company's website to see whether your folio or demat account appears among those liable for transfer.
If you hold shares in demat form, get your Client Master List attested by your Depository Participant after completing KYC, and submit it to the RTA along with your claim.
If you hold shares in physical form, complete Forms ISR-1, ISR-2, and SH-13 (or ISR-3), and send them with a cancelled cheque and other supporting documents to the RTA before 13 October 2026.
For inherited shares, first establish legal-heir or nominee status with the company or RTA through the transmission process before, or alongside, lodging a dividend claim.
If shares have already been transferred to the IEPF, note that no claim can be made against the company any longer; recovery has to be pursued directly with the IEPF Authority through Form IEPF-5.
How the IEPF Claim Process Works
Once dividends and shares have been transferred to the IEPF, a claimant must first submit the required documents to the company to obtain an Entitlement Letter. With that letter in hand, the claimant files Form IEPF-5 electronically on the Ministry of Corporate Affairs portal, then sends the original supporting documents along with the self-attested e-form to the company for verification. The company forwards its report to the IEPF Authority, which processes the claim and, upon approval, credits the shares to the claimant's demat account and the dividend amount to their bank account.
There is no fixed expiry by which an IEPF-5 claim must be filed after a transfer, but delays only add to the documentation a shareholder or legal heir may eventually need to assemble, so acting early is generally advisable.
Frequently Asked Questions
Who is affected by this notice?
Only shareholders of Amines & Plasticizers whose final dividend for FY 2018-19 has remained unpaid for seven consecutive years and whose shares appear on the company's published list of those liable for transfer.
I am a shareholder. Can I still act before 28 October 2026?
The company has set 13 October 2026 as the deadline to lodge a claim and avoid transfer. If that date passes without a valid claim, the shares and dividend will move to the IEPF on the due date, and the only remaining route is to approach the IEPF Authority afterwards.
Can I get my shares back after they are transferred to IEPF?
Yes. Shares transferred to the IEPF can be reclaimed by obtaining an Entitlement Letter from the company and then filing Form IEPF-5 with the required supporting documents. Approval is not automatic and depends on the claimant establishing entitlement to the satisfaction of the company and the IEPF Authority.
How can legal heirs claim shares of a deceased shareholder?
Legal heirs generally need to first complete transmission of the shares into their own name with the company or its RTA, using succession documents such as a legal heir certificate, succession certificate, or probate, as applicable, before pursuing an IEPF-5 claim for shares already transferred to the fund.
Where can I check whether I am affected?
Amines & Plasticizers has published the folio-wise list of shareholders whose dividend and shares are liable for transfer on the IEPF section of its investor relations page, alongside the notice and newspaper advertisement.
Conclusion
The scheduled transfer of Amines & Plasticizers' unclaimed FY 2018-19 dividend and shares to the IEPF on 28 October 2026 is a routine, statutory outcome of the seven-year unclaimed-dividend rule under the Companies Act, not a company-specific development. It is a useful reminder that dormant shareholdings across many listed companies move to the IEPF each year, and that shareholders who act before the 13 October 2026 deadline can avoid the more document-intensive process of recovering shares afterwards.