Mahindra & Mahindra Limited is one of India’s most respected multinational corporations, headquartered in Mumbai. Its journey began back in 1945 as a steel trading company. Over the decades, Mahindra & Mahindra has transformed into a giant with interests spanning automotive, aerospace, agribusiness, and financial services. Mahindra & Mahindra has created great value for its investors. However, many people are unaware that if they don’t claim their dividends for seven years in a row, both the money and the shares can get moved to the Investor Education and Protection Fund (IEPF).
If you’ve lost track of your Mahindra & Mahindra shares or forgotten to claim your dividends, you can still get them back. Knowing how to check if your shares are with the IEPF and how to claim them will help you keep your money safe. This way, you can keep enjoying the profits from Mahindra & Mahindra’s growth.
About the Mahindra & Mahindra Limited
Before we talk about how to claim your lost shares, let’s see why they are so valuable. Mahindra & Mahindra has done well in the stock market for many years. For example, if you had bought 100 shares in 2000 at about Rs. 18 each, you would have spent only Rs. 1,800.
Let’s understand this with data
– In September 2005, the company issued bonus shares in a 1:1 ratio, so your 100 shares doubled to 200.
– In March 2010, a 1:1 stock split occurred, doubling the number of shares to 800.
– In December 2017, you got another 1:1 bonus, taking your total to 800 shares.
Today, on June 24, 2024, Mahindra & Mahindra’s share price is about Rs. 2896. So, those 800 shares would now be worth around Rs. 23.17 lakhs. That’s a big amount to lose if your shares are with the IEPF. This is why it’s so important to check and claim your unclaimed shares and dividends.
The Early Days of Mahindra & Mahindra Limited (1945–1950s)
Mahindra & Mahindra was started by brothers J.C. Mahindra and K.C. Mahindra, along with Ghulam Mohammed. Initially, it was known as Mahindra & Mohammed and sold steel, which was in high demand following World War II. In the 1950s, Mahindra started making vehicles. They collaborated with Willys-Overland Corporation to manufacture the iconic Willys Jeep in India. This strong and reliable Jeep became very popular.
Expansion and Growth (1960s–1980s)
In the 1960s, Mahindra expanded beyond just making Jeeps. They started making light trucks, tractors, and other useful vehicles. In 1961, they made their first vehicle, the Mahindra CJ-3B Jeep, for Indian roads. In the 1970s, Mahindra began manufacturing large trucks and expanded into other businesses, including real estate and hotels. By the 1980s, they also began working in IT with Mahindra-British Telecom, providing software and technology services worldwide.
Diversification and Global Reach (1990s)
The 1990s changed Mahindra a lot. They started providing financial services with BNP Paribas. They also launched cars for families like the Mahindra Armada and later the Bolero, Scorpio, and XUV500, which became very popular. At this time, Mahindra also grew in other countries. They established offices and acquired companies in the US, China, and South Africa, thereby establishing their global presence.
Recent Progress (2000s–2020s)
Over the last two decades, Mahindra & Mahindra has continued to improve, remain eco-friendly, and listen to what customers need. Because of this, they are trusted not just in India but worldwide.
Why Do Mahindra and Mahindra Limited Unclaimed Shares Get Transferred to the IEPF?
According to government rules, if a shareholder fails to claim their dividend for seven consecutive years, the company must send that money to the Investor Education and Protection Fund (IEPF). The shares linked to those unclaimed dividends also get transferred to the IEPF. Earlier, if people didn’t claim their dividends, companies would simply retain the money and sometimes take advantage of people who were unaware of it. To address this issue, the government established the IEPF, which safeguards unclaimed shares and funds, allowing them to be claimed later.
What is IEPF and its purposes?
The Investor Education and Protection Fund (IEPF) was started by the Government of India on September 7, 2016, under Section 125 of the Companies Act, 2013. It helps protect and manage money that investors haven’t claimed. The IEPF’s work is to refund unclaimed money and help people get back their shares, old deposits, and unpaid dividends. In addition to this, it spreads awareness among investors and helps cover legal costs if depositors need to take legal action.
How to Recover Unclaimed Shares of Mahindra and Mahindra Limited?
If you think your Mahindra & Mahindra shares or dividends have been moved to the IEPF, don’t worry about it. Because you can still get them back. Many investors lose track of old shares because they have moved, forgotten about them, or failed to claim dividends on time. But the good news is the government has made it possible to claim what’s yours easily. Here’s how you can do it step by step-
– First, investors need to visit the official IEPF website at www.iepf.gov.in.
– Click on the ‘I Want to’ tab and then choose the option of ‘Claim Refund’ from the drop-down menu.
– You will be taken to a new page where you need to click the ‘Click Here to Apply’ button.
– Now, carefully read all the instructions given on the page and then click the ‘OK’ button.
– On the next page, select the option Mahindra & Mahindra Limited’ from the drop-down list.
– Enter your Permanent Account Number (PAN) or the Folio Number linked to the shares you want to claim.
– Click on the ‘Search’ button to check for any unclaimed shares in your name.
– If your shares are located, you can proceed. If not, the website will show ‘No records found.’
– Next, click on the ‘Generate Challan’ button to download the IEPF-5 form.
– Fill out the form completely, attach all the required documents, and sign it.
– Submit the filled form and documents to your nearest IEPF office.
– After the documents are checked, the IEPF authority will process your claim.
– Once your claim is approved, the shares will be transferred to your demat account.
Conclusion
Recovering unclaimed shares and dividends from the IEPF can feel confusing for many investors. But it’s worth it to protect your hard-earned money. Each step, from checking your shares to submitting the forms, is important. If you don’t want to handle it all by yourself, Crystal Peak Wealth is a trusted share recovery service that can help you. They know how to deal with IEPF claims, lost shares, and duplicate share certificates. With their help, you can easily recover your investments and feel secure about your financial future.