Sobha Limited Issues Statutory IEPF Notice – FY18-19 Unclaimed Dividends and Shares to Transfer by October 2026
Statutory Notice: Unclaimed FY2018-19 Dividends to Transfer to IEPF
Sobha Limited announced that unclaimed dividends for the financial year 2018-19 and associated equity shares will be transferred to the Investor Education and Protection Fund (IEPF) in October 2026. The company has issued notices to affected shareholders and published an advertisement on June 02, 2026.
Claim Deadline and Process
Shareholders must claim their dues by September 15, 2026, to prevent the transfer. The transfer follows the completion of a seven-year period during which the dividends remained unclaimed, as mandated by Section 124(6) of the Companies Act, 2013.
Shareholders who have not claimed their dividends for seven consecutive years starting from FY 2018-19 will have their shares transferred to the IEPF. The full list of shareholders, including folio numbers and details of shares liable for transfer, has been uploaded on the company's website.
Handling of Physical and Dematerialized Shares
For shareholders holding shares in physical form, the company will issue duplicate share certificates for the purpose of transfer to the IEPF. These duplicate certificates will be converted to dematerialized form and transferred to the IEPF's DEMAT account, automatically cancelling the original certificates.
Shareholders holding shares in dematerialized form will see their shares transferred to the IEPF's DEMAT account via corporate action.
Recovery After Transfer
Once the shares are transferred to the IEPF, no claims will lie against Sobha Limited regarding the unclaimed amounts or the shares. However, shareholders can reclaim the dividends and shares from the IEPF Authority by following the procedures prescribed in the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
About Sobha Limited
Sobha Limited was founded on 7 August 1995 by P. N. C. Menon. The company changed its name to "Sobha Limited" on 18 August 2014. Bangalore is their biggest and most active market in India.
Sobha Limited reported its highest-ever annual sales value of ₹81.36 Bn in FY26, up 30% year-on-year, with Sobha's share of sales value rising 35% to ₹67.06 Bn. The company expanded to 13 cities, launched 6.04 million square feet of new projects and maintained a net cash position with ₹18,020 million in cash against gross debt of ₹10,023 million as on March 31, 2026.
Sobha Limited has delivered 500+ projects across 27 cities and 14 Indian states. Their work includes luxury apartments, villas, row houses, and large township projects. In 2006, Sobha Limited went public with an IPO that was oversubscribed 126 times, setting a record in Indian real estate.