Ambuja Cements Ltd / Recovery of Shares from IEPF

Ambuja Cements Ltd / Recovery of Shares from IEPF. Recovery of shares refers to the statutory process through which a shareholder, legal heir, or nominee can reclaim shares and related dividends that were transferred to the Investor Education and Protection Fund (IEPF) for being unclaimed for a `continuous period of seven years. Under Section 124(6) of the Companies Act, 2013, when dividends declared on shares remain unpaid or unclaimed for seven consecutive years, the company is mandatorily required to transfer such shares to the IEPF Authority. However, the law clearly preserves the rights of shareholders by allowing them to claim back these shares at any time. 
The framework for such recovery is provided under Sections 124 and 125 of the Companies Act, 2013, read with Rule 7 of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, which lays down the procedure for making claims, including filing Form IEPF-5, submission of documents to the company, verification by the company, and final approval by the IEPF Authority. Upon satisfaction, the Authority refunds the dividend amount and re-transfers the shares to the claimant’s demat account. Thus, recovery of shares is a legal right ensured by the Companies Act to protect investors while safeguarding unclaimed assets through the IEPF mechanism (Companies Act, 2013, section 124–125)
History and Background of Ambuja Cements Ltd
One of the most reputable and established cement firms in India, Ambuja Cements Ltd. is trusted by homeowners, builders, and contractors nationwide. The business started off in the early 1980s when it was first incorporated in 1981. In 1983, it went public under the name Gujarat Ambuja Cements Limited. Narotam Sekhsaria and Suresh Neotia started it with the intention of manufacturing superior cement for the expanding Indian construction industry.
Ambuja Cements has significantly increased its manufacturing capacity over the years, building several plants and grinding facilities throughout the nation. A big shift took place in 2006 when Holcim, a well-known international cement manufacturer based in Switzerland, bought the bulk of Ambuja. The company's operational capabilities and worldwide footprint were strengthened by this alliance.
A major turning point for Ambuja Cements came in 2022 when the Adani Group took control of the company along with ACC Ltd. This marked the start of a new growth phase for Ambuja. Under the Adani Group’s leadership, the company expanded quickly by acquiring firms like Sanghi Industries, Penna Cement, and Orient Cement, helping it become one of India’s leading cement producers with a strong presence across the country.
Today, Ambuja Cements continues to focus not only on increasing production capacity but also on sustainability, efficiency, and innovation. With its long history of growth, strategic partnerships and modernisation, the company remains a key player in India’s booming infrastructure and construction sector. 
Financial performance
Ambuja Cements Ltd. is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India. Ambuja Cements Ltd has shown steady and strong financial performance over the years, especially after becoming part of the Adani Group. The company has been able to increase its revenue by selling higher volumes of cement and expanding its operations across India.
Ambuja Cements Ltd has shown strong quarterly financial performance in recent periods as per exchange-reported results. According to Business standard  In Q1 FY26, the company reported revenue of Rs.10,289.07 crore and a net profit of Rs.747.88 crore, reflecting healthy year-on-year growth in topline and profitability, although operating metrics varied quarter-over-quarter. In Q2 FY26, Ambuja delivered revenue of Rs.9,174.49 crore with net profit rising significantly to Rs.1,988.51 crore, indicating strong operational results and improved bottom-line performance relative to the prior quarter. Additionally, exchange-reported data for the March 2025 quarter (Q4 FY25) showed revenue climbing to around Rs.9,802 crore even as net profit declined slightly year-on-year, and a dividend of Rs.2 per share was recommended. Together, these exchange disclosures from BSE/NSE reflect that Ambuja Cements has maintained robust revenue generation with fluctuating but overall solid profitability trends across recent financial quarters.
Overall, Ambuja Cements has remained financially stable and continues to strengthen its position in the Indian cement industry.
This article explains how shareholders and their legal heirs can reclaim these unclaimed shares and dividends through a simple step by step process. 
Process to claim dividends or shares from IEPF (Ambuja Cements Ltd)
Step 1: Check your unclaimed dividend status
Visit the following:

Ambuja Cements website → Investor relations → unclaimed dividend section

IEPF website → enter your folio number or DP ID/Client ID

This will show whether your dividends are unclaimed or whether your shares have been transferred to IEPF.
Step 2: Contact Ambuja Cement’s Registrar & Transfer Agent (RTA)
Ambuja Cement’s Registrar & Transfer Agent (RTA) is:
MUFG Intime India Pvt. Ltd

Address: C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai, Maharashtra – 400083

Telephone: 022 – 49186270

Fax: 022 – 49186060

Email: rnt.helpdesk@in.mpms.mufg.com

Website: www.in.mpms.mufg.com

Procedure

Contact the RTA or the Nodal Officer of Ambuja Cement to confirm eligibility.

Request an Entitlement Letter, which confirms:

Number of shares transferred to IEPF

Amount of unclaimed dividend

To prove that you are the rightful shareholder you need to submit the following documents:

PAN & Aadhaar

Folio number/Demat details

Old dividend warrants (if available)

Step 3: Prepare IEPF Form-5 on the MCA Website
Go to  MCA Website → IEPF Services → Form IEPF-5.
Fill in the details:

Personal information (PAN, Aadhaar, contact details)

Company name: Ambuja Cements Ltd

Number of shares/unclaimed dividends

Demat account details (DP ID & Client ID)

After submitting the form, download:

The IEPF-5 Form

The acknowledgement/SRN

These must be sent to the company with supporting documents.
Step 4: Prepare Documents for Submission to Ambuja Cements
Required Documents:

Printed and signed IEPF-5 form

SRN (Service Request Number) acknowledgement

Indemnity Bond (on stamp paper)

Advance Stamped Receipt (signed by claimant and witnesses)

Entitlement Letter from RTA

Self-attested copies of:

PAN

Aadhaar

Cancelled cheque

Client Master List (CML)

Original share certificates (if in physical form)

Additional Documents for Legal Heirs:

Death certificate of the shareholder

Succession Certificate / Legal Heir Certificate / Registered Will

NOC from other heirs (if required)

ID & Address proof of all heirs

Step 5: Send documents to Ambuja cement’s Nodal officer
Send the full set of documents by Speed Post or courier to:
Nodal officer- IEPF
Mr. Kalpesh Dave
Email: cs@ambujagroup.com
Address: Ambuja Tower, Bodakdev, Ahmedabad 
Deputy nodal officer for IEPF
Mr. Girish Solanki
Email: girishsolanki@ambujagroup.com
Step 6: Verification
Once your documents are received, Ambuja Cements will:

Verify the claim

Check all documents

Prepare the Verification Report

Step 7: Approval by the IEPF Authority
After receiving the Verification Report, the IEPF Authority reviews your claim.
If approved:

Shares are credited to your Demat account

Unpaid dividends are credited to your bank account

Processing time may take a few weeks to a few months depending on document accuracy.
Final Words
Recovering the share of a company is not that complicated. It may seem difficult at first, but the process becomes easy if you follow the steps carefully.
If a shareholder’s dividend remains unclaimed for seven years, the shares and dividend are transferred to the IEPF. The shareholder or their legal heir can recover them by filing Form IEPF-5 with the company and submitting proof of identity and entitlement letter. The company verifies the claim and sends it to the IEPF Authority within 30 days. Once approved, the shares and dividends are returned to the claimant’s account. In the case of Ambuja Cements Ltd., being a listed company, it strictly complies with the provisions of the Companies Act, 2013, and the IEPF Rules, 2016, ensuring timely transfer of unclaimed shares and dividends while protecting shareholder rights. This process provides transparency, accountability, and legal safeguards, reinforcing both investor protection and corporate governance. Keeping the documents ready and following it up regularly makes the whole process a lot easier and stress-free. If required you can also take help from professionals who deal with IEPF recovery cases regularly. For more details and assistance, you can contact Compliance Calendar LLP for expert guidance and support.
Frequently Asked Questions (FAQ)
Q1. What is IEPF? 
Ans. The Investor Education and Protection Fund (IEPF) is a fund set up by the Government of India under the Companies Act, 2013. It is used to safeguard unclaimed dividends, shares, and other investor-related funds. It also helps in educating investors about their rights.
Q2. When are shares transferred to IEPF?
Ans. If a shareholder’s dividend remains unclaimed for 7 consecutive years, the company transfers the shares and unpaid dividend to the IEPF.
Q3. Can a shareholder recover shares from IEPF?
Ans. Yes, the original shareholder or their legal heir/nominee can apply to recover the shares and unclaimed dividends by filing Form IEPF-5 with the company.
Q4. Who verifies the documents of the recovery claim?
Ans. The company in which the shares were held verifies the claimant’s documents, including proof of identity, shareholding, and entitlement letter.
Q5. How long does the company have to send the verification report? 
Ans. The company must send the verification report to the IEPF Authority within 30 days of receiving the claim. This ensures timely processing.
Q6. What documents are needed to recover shares? 
Ans. Generally, the claimant needs to submit:

Proof of identity (Aadhaar, PAN, etc.)

Proof of shareholding

CML (Client Master List)

Bank account details for receiving dividends

Q7. What is Form IEPF-5? 
Ans. Form IEPF-5 is an official form used to claim shares or dividends from the IEPF. It includes details of the shareholder, shares, and dividends being claimed.
Q8. Can legal heirs claim shares from IEPF? 
Ans. Yes. If the original shareholder is deceased, legal heirs or nominees can claim the shares and dividends by providing all the supporting documents like death certificate of the shareholder, will, probate, or succession certificate along with Form IEPF-5.
Q9. How long does it take to get shares back from IEPF? 
Ans. Once the IEPF Authority receives the verification report from the company, it approves the transfer. Usually, it may take a few weeks to a few months, depending on the verification process.
Q10. What is the legal basis for this process?
Ans. The recovery process is governed by:

Section 124 of the Companies Act, 2013 – dealing with unclaimed dividends and transfer of shares to IEPF.

IEPF Rules, 2016 – detailing the procedure for claiming and transferring shares and dividends.

Recovery of shares refers to the statutory process through which a shareholder, legal heir, or nominee can reclaim shares and related dividends that were transferred to the Investor Education and Protection Fund (IEPF) for being unclaimed for a `continuous period of seven years. Under Section 124(6) of the Companies Act, 2013, when dividends declared on shares remain unpaid or unclaimed for seven consecutive years, the company is mandatorily required to transfer such shares to the IEPF Authority. However, the law clearly preserves the rights of shareholders by allowing them to claim back these shares at any time.

The framework for such recovery is provided under Sections 124 and 125 of the Companies Act, 2013, read with Rule 7 of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, which lays down the procedure for making claims, including filing Form IEPF-5, submission of documents to the company, verification by the company, and final approval by the IEPF Authority. Upon satisfaction, the Authority refunds the dividend amount and re-transfers the shares to the claimant’s demat account. Thus, recovery of shares is a legal right ensured by the Companies Act to protect investors while safeguarding unclaimed assets through the IEPF mechanism (Companies Act, 2013, section 124–125)

History and Background of Ambuja Cements Ltd

One of the most reputable and established cement firms in India, Ambuja Cements Ltd. is trusted by homeowners, builders, and contractors nationwide. The business started off in the early 1980s when it was first incorporated in 1981. In 1983, it went public under the name Gujarat Ambuja Cements Limited. Narotam Sekhsaria and Suresh Neotia started it with the intention of manufacturing superior cement for the expanding Indian construction industry.

Ambuja Cements has significantly increased its manufacturing capacity over the years, building several plants and grinding facilities throughout the nation. A big shift took place in 2006 when Holcim, a well-known international cement manufacturer based in Switzerland, bought the bulk of Ambuja. The company's operational capabilities and worldwide footprint were strengthened by this alliance.

A major turning point for Ambuja Cements came in 2022 when the Adani Group took control of the company along with ACC Ltd. This marked the start of a new growth phase for Ambuja. Under the Adani Group’s leadership, the company expanded quickly by acquiring firms like Sanghi Industries, Penna Cement, and Orient Cement, helping it become one of India’s leading cement producers with a strong presence across the country.

Today, Ambuja Cements continues to focus not only on increasing production capacity but also on sustainability, efficiency, and innovation. With its long history of growth, strategic partnerships and modernisation, the company remains a key player in India’s booming infrastructure and construction sector.

Financial performance

Ambuja Cements Ltd. is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India. Ambuja Cements Ltd has shown steady and strong financial performance over the years, especially after becoming part of the Adani Group. The company has been able to increase its revenue by selling higher volumes of cement and expanding its operations across India.

Ambuja Cements Ltd has shown strong quarterly financial performance in recent periods as per exchange-reported results. According to Business standard In Q1 FY26, the company reported revenue of Rs.10,289.07 crore and a net profit of Rs.747.88 crore, reflecting healthy year-on-year growth in topline and profitability, although operating metrics varied quarter-over-quarter. In Q2 FY26, Ambuja delivered revenue of Rs.9,174.49 crore with net profit rising significantly to Rs.1,988.51 crore, indicating strong operational results and improved bottom-line performance relative to the prior quarter. Additionally, exchange-reported data for the March 2025 quarter (Q4 FY25) showed revenue climbing to around Rs.9,802 crore even as net profit declined slightly year-on-year, and a dividend of Rs.2 per share was recommended. Together, these exchange disclosures from BSE/NSE reflect that Ambuja Cements has maintained robust revenue generation with fluctuating but overall solid profitability trends across recent financial quarters.

Overall, Ambuja Cements has remained financially stable and continues to strengthen its position in the Indian cement industry.

This article explains how shareholders and their legal heirs can reclaim these unclaimed shares and dividends through a simple step by step process.

Process to claim dividends or shares from IEPF (Ambuja Cements Ltd)

Step 1: Check your unclaimed dividend status

Visit the following:

Ambuja Cements website → Investor relations → unclaimed dividend section
IEPF website → enter your folio number or DP ID/Client ID

This will show whether your dividends are unclaimed or whether your shares have been transferred to IEPF.

Step 2: Contact Ambuja Cement’s Registrar & Transfer Agent (RTA)

Ambuja Cement’s Registrar & Transfer Agent (RTA) is:

MUFG Intime India Pvt. Ltd

Address: C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai, Maharashtra – 400083
Telephone: 022 – 49186270
Fax: 022 – 49186060
Email: rnt.helpdesk@in.mpms.mufg.com
Website: www.in.mpms.mufg.com

Procedure

Contact the RTA or the Nodal Officer of Ambuja Cement to confirm eligibility.
Request an Entitlement Letter, which confirms:
Number of shares transferred to IEPF
Amount of unclaimed dividend

To prove that you are the rightful shareholder you need to submit the following documents:

PAN & Aadhaar
Folio number/Demat details
Old dividend warrants (if available)

Step 3: Prepare IEPF Form-5 on the MCA Website

Go to MCA Website → IEPF Services → Form IEPF-5.

Fill in the details:

Personal information (PAN, Aadhaar, contact details)
Company name: Ambuja Cements Ltd
Number of shares/unclaimed dividends
Demat account details (DP ID & Client ID)

After submitting the form, download:

The IEPF-5 Form
The acknowledgement/SRN

These must be sent to the company with supporting documents.

Step 4: Prepare Documents for Submission to Ambuja Cements

Required Documents:

Printed and signed IEPF-5 form
SRN (Service Request Number) acknowledgement
Indemnity Bond (on stamp paper)
Advance Stamped Receipt (signed by claimant and witnesses)
Entitlement Letter from RTA
Self-attested copies of:
PAN
Aadhaar
Cancelled cheque
Client Master List (CML)
Original share certificates (if in physical form)

Additional Documents for Legal Heirs:

Death certificate of the shareholder
Succession Certificate / Legal Heir Certificate / Registered Will
NOC from other heirs (if required)
ID & Address proof of all heirs

Step 5: Send documents to Ambuja cement’s Nodal officer

Send the full set of documents by Speed Post or courier to:

Nodal officer- IEPF

Mr. Kalpesh Dave

Email: cs@ambujagroup.com

Address: Ambuja Tower, Bodakdev, Ahmedabad

Deputy nodal officer for IEPF

Mr. Girish Solanki

Email: girishsolanki@ambujagroup.com

Step 6: Verification

Once your documents are received, Ambuja Cements will:

Verify the claim
Check all documents
Prepare the Verification Report

Step 7: Approval by the IEPF Authority

After receiving the Verification Report, the IEPF Authority reviews your claim.

If approved:

Shares are credited to your Demat account
Unpaid dividends are credited to your bank account

Processing time may take a few weeks to a few months depending on document accuracy.

Final Words

Recovering the share of a company is not that complicated. It may seem difficult at first, but the process becomes easy if you follow the steps carefully.

If a shareholder’s dividend remains unclaimed for seven years, the shares and dividend are transferred to the IEPF. The shareholder or their legal heir can recover them by filing Form IEPF-5 with the company and submitting proof of identity and entitlement letter. The company verifies the claim and sends it to the IEPF Authority within 30 days. Once approved, the shares and dividends are returned to the claimant’s account. In the case of Ambuja Cements Ltd., being a listed company, it strictly complies with the provisions of the Companies Act, 2013, and the IEPF Rules, 2016, ensuring timely transfer of unclaimed shares and dividends while protecting shareholder rights. This process provides transparency, accountability, and legal safeguards, reinforcing both investor protection and corporate governance. Keeping the documents ready and following it up regularly makes the whole process a lot easier and stress-free. If required you can also take help from professionals who deal with IEPF recovery cases regularly. For more details and assistance, you can contact Compliance Calendar LLP for expert guidance and support.

Frequently Asked Questions (FAQ)

Q1. What is IEPF?

Ans. The Investor Education and Protection Fund (IEPF) is a fund set up by the Government of India under the Companies Act, 2013. It is used to safeguard unclaimed dividends, shares, and other investor-related funds. It also helps in educating investors about their rights.

Q2. When are shares transferred to IEPF?

Ans. If a shareholder’s dividend remains unclaimed for 7 consecutive years, the company transfers the shares and unpaid dividend to the IEPF.

Q3. Can a shareholder recover shares from IEPF?

Ans. Yes, the original shareholder or their legal heir/nominee can apply to recover the shares and unclaimed dividends by filing Form IEPF-5 with the company.

Q4. Who verifies the documents of the recovery claim?

Ans. The company in which the shares were held verifies the claimant’s documents, including proof of identity, shareholding, and entitlement letter.

Q5. How long does the company have to send the verification report?

Ans. The company must send the verification report to the IEPF Authority within 30 days of receiving the claim. This ensures timely processing.

Q6. What documents are needed to recover shares?

Ans. Generally, the claimant needs to submit:

Proof of identity (Aadhaar, PAN, etc.)
Proof of shareholding
CML (Client Master List)
Bank account details for receiving dividends

Q7. What is Form IEPF-5?

Ans. Form IEPF-5 is an official form used to claim shares or dividends from the IEPF. It includes details of the shareholder, shares, and dividends being claimed.

Q8. Can legal heirs claim shares from IEPF?

Ans. Yes. If the original shareholder is deceased, legal heirs or nominees can claim the shares and dividends by providing all the supporting documents like death certificate of the shareholder, will, probate, or succession certificate along with Form IEPF-5.

Q9. How long does it take to get shares back from IEPF?

Ans. Once the IEPF Authority receives the verification report from the company, it approves the transfer. Usually, it may take a few weeks to a few months, depending on the verification process.

Q10. What is the legal basis for this process?

Ans. The recovery process is governed by:

Section 124 of the Companies Act, 2013 – dealing with unclaimed dividends and transfer of shares to IEPF.
IEPF Rules, 2016 – detailing the procedure for claiming and transferring shares and dividends.