Tata Elxsi Preparing to Transfer Unclaimed Dividends and Shares to IEPF

Tata Elxsi is notifying shareholders that unpaid dividends from FY 2018-19 and shares tied to long-unpaid dividends will be transferred to the Investor Education and Protection Fund (IEPF). Shareholders have until August 16, 2026, to claim these assets.

Transfer Details

Tata Elxsi has begun the process to transfer unpaid dividends and unclaimed shares to the Investor Education and Protection Fund (IEPF). This action is required by SEBI regulations for unclaimed assets. The transfer specifically covers dividends declared from the financial year 2018-19 that have not been claimed. Shares linked to dividends unpaid for seven consecutive years are also included in this transfer.

Why Shareholders Must Act

This is a final notification for affected shareholders to claim their rightful dues. If shareholders fail to act by the August 16, 2026, deadline, these funds and shares will be permanently transferred to a government-run fund. The company is ensuring compliance with company law and SEBI directives for handling dormant accounts.

About Tata Elxsi

Tata Elxsi is a global design and technology services company. It specializes in product engineering and digital transformation, serving sectors including Broadcast and Media, Telecom, and Automotive.

What Changes for Shareholders

• Affected shareholders must claim unpaid dividends and associated shares before August 16, 2026.
• After the deadline, Tata Elxsi will transfer these unclaimed assets to the IEPF.
• Shareholders will no longer have a direct claim against Tata Elxsi for these specific dues once transferred.
• The company is demonstrating adherence to regulatory frameworks for handling dormant shareholder accounts.

Risk of Losing Assets

Shareholders who do not claim their unpaid dividends and unclaimed shares by August 16, 2026, will forfeit them to the IEPF. After the transfer, no further claims can be made against Tata Elxsi Limited for these specific unclaimed amounts and shares.

Industry Practice

Major IT services firms, including Infosys, TCS, and Wipro, follow similar procedures under Indian regulations for unclaimed dividends and shares. They also adhere to timelines for transferring these assets to the IEPF after statutory periods, making this a standard compliance practice across the industry.

Next Steps for Shareholders

Shareholders must ensure all necessary documentation for claiming dues is submitted correctly to the Registrar and Transfer Agent (RTA) by August 16, 2026. Tata Elxsi will finalize the transfer of these assets to the IEPF in August 2026 if claims are not received. It is advisable for shareholders to verify their eligibility and claim status well before the deadline.