Cummins India Ltd / Recovery of Shares from IEPF

Recovery of shares means the process by which shareholders or their legal heirs get back their shares that were earlier transferred to the Investor Education and Protection Fund (IEPF). As part of its statutory and regulatory obligations, the company is required to ensure protection of investor interests, timely distribution of dividends, and maintenance of accurate shareholder records. One of the key legal mechanisms designed to safeguard investor rights in India is the Investor Education and Protection Fund (IEPF), established under Section 125 of the Companies Act, 2013 and administered by the IEPF Authority under the Ministry of Corporate Affairs.

In accordance with the provisions of the Companies Act, 2013 and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, Cummins India Limited is legally obligated to transfer unpaid or unclaimed dividends to the IEPF after a period of seven consecutive years. Further, shares in respect of which dividends have remained unclaimed for seven consecutive years are also required to be transferred to the IEPF Authority.

This article examines Cummins India Limited in the context of its compliance with the IEPF framework, focusing on the legal implications of unclaimed dividends and shares, the mandatory transfer of such assets to the IEPF, and the procedure available to shareholders or their legal heirs for recovery of shares and dividends from the IEPF Authority.

History And Background of Cummins India ltd

Cummins India Limited is a well-known engineering company in India with a long and trusted history. The company was incorporated in 1962 as a joint venture between Cummins Inc., USA, founded by Clessie Lyle Cummins, and Indian partners. Clessie Cummins was an American inventor and entrepreneur who played a key role in developing diesel engine technology, and his vision of reliable and efficient power solutions laid the foundation for the Cummins group worldwide. In its early years, Cummins India focused on manufacturing diesel engines to meet the needs of India’s growing industrial and agricultural sectors.

During the 1980s and 1990s, Cummins India expanded its product portfolio beyond industrial engines. The company entered the power generation segment and began supplying generator sets and engines for automotive, construction, and mining applications.

In recent years, Cummins India has continued to evolve with changing market needs and environmental regulations. The company has expanded into areas such as digital solutions, low-emission technologies, and integrated power systems. Alongside business growth, it has placed strong emphasis on sustainability, compliance with Indian laws, and protection of shareholder interests, especially as a listed entity governed by the Companies Act, 2013 and SEBI regulations

Corporate Actions and Financial Performances 

On May 28, 2025, the Board approved the audited standalone and consolidated financial results for the year ended March 31, 2025 and recommended the final dividend subject to shareholder approval at the Annual General Meeting. At the May 28, 2025 Board meeting, the Company considered and recommended the final dividend on equity shares for the financial year 2024–25, subject to approval of the members at the ensuing AGM. According to Cummins India the Company discloses quarterly shareholding patterns, audited results and other statutory information on its own website and on the stock exchanges, ensuring compliance with Regulation 30 and 33 of the SEBI (LODR) Regulations and other applicable laws.

The financial performance of Cummins India Limited reflects its operations in engines, power generation equipment, and related services. Below is a summary based on audited annual results for the financial year 2024–25 and recent quarterly updates. Below is mentioned the dividend data. 

Cummins India Ltd has issued bonus shares in the past, but there have been no recent bonus issues in the last decade. Cummins India Limited has issued bonus shares on multiple occasions in the past as part of its corporate actions to reward its shareholders. These bonus issues were carried out in accordance with the provisions of the Companies Act and applicable stock exchange regulations.

A bonus issue refers to the issuance of additional shares by a company to its existing shareholders free of cost, in proportion to the shares they already hold.

Cummins India Limited is a publicly listed company and is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. This dual listing allows investors to trade its shares on either exchange.

Process of recovering Unclaimed shares and dividends from the Investor Education and Protection Fund (IEPF) 

Recovering unclaimed shares and dividends from the Investor Education and Protection Fund (IEPF) may seem like a long process, but it becomes easy if each step is followed properly. Below is a clear and simplified guide to help shareholders complete the process smoothly.

Step 1: Check your unclaimed dividend status 

To begin, you must first confirm whether your dividends or shares have actually been transferred to the IEPF.

Visit Cummin’s official investor portal:

Cummin’s Unclaimed Dividend Link

https://www.cummins.com/en/in/company/india-companies/cummins-india-limited

Here, enter any of the following:

• Folio Number (for physical shares)

• DP ID/Client ID (for demat shares)

This will display the list of unclaimed dividends and the corresponding shares transferred to IEPF. You can also cross-check the information on the official IEPF Authority website:

https://www.iepf.gov.in/content/iepf/global/master/Home/Home.html

This helps you confirm the exact amount and number of shares you are eligible to reclaim. 

Step 2 - Contact Cummin’s Registrar (RTA) 

Cummin has appointed MUFG Intime India Pvt. Ltd as its Registrar and Transfer Agent (RTA).

They are responsible for maintaining shareholder records and assisting in the IEPF claim

process.

Contact details and address:

Address: C 101, Embassy 247 Park, L.B.S. Marg, Vikhroli (West)

Mumbai, Maharashtra,400083

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

Helpdesk: 022 - 49186270 / +91 810 811 6767

Request an Entitlement Letter which includes:

• The total number of shares transferred to IEPF

• The total amount of unclaimed dividends

• Confirmation that you are the rightful shareholder

To obtain this, you may need to provide the following documents:

• Self-attested PAN and Aadhaar

• Folio Number/DP ID/Client ID

• Old physical share certificates (if applicable)

• Old dividend warrants, if you have them

The Entitlement Letter is an important document as it confirms your eligibility to claim.

Step 3 - File IEPF Form-5 on the MCA Website 

Once the entitlement letter details are confirmed, you must file IEPF Form-5 on the Ministry

of Corporate Affairs (MCA) portal.

Steps:

• Visit the MCA Portal (https://www.mca.gov.in/content/mca/global/en/home.html)

• Log in using your credentials

• Under MCA Services, select IEPF Form 5

Fill in all required details, including:

• Personal information (Name, Address, PAN, Aadhaar)

• Company Name: Cummin India Limited

• Number of shares being claimed

• Amount of unclaimed dividends

• Bank and Demat Account details

• Upload the necessary supporting documents

• Submit the form and download the Acknowledgement containing the SRN (Service

• Request Number)

• This SRN is essential for tracking your application.

Step 4 - Prepare a Complete Document Set 

After filing the form online, prepare a physical set of documents to send to Cummin’s Nodal

Officer or MUFG Intime India Pvt. Ltd

This set must include:

• Printed copy of form(s)

• SRN Acknowledgement

•  Indemnity Bond (as per IEPF Rules, on appropriate stamp paper)

• Advance Stamped Receipt signed by the claimant and two witnesses

• Entitlement Letter issued by MUFG

• Self-attested PAN and Aadhaar

• A Cancelled Cheque and Client Master List (CML) from your Demat account

• Original physical share certificates if shares were held physically

Additional Documents Required for Legal Heirs:

• Original shareholder's Death Certificate

• Legal Heir Certificate/Succession Certificate/Probated Will

• NOC from other legal heirs, if required

• ID proofs and address proofs of all legal heirs

These documents are necessary to establish rightful ownership.

Step 5 - Courier the Document Set to Nodal officer: 

Nodal Officer for the IEPF Authority:

Ms. Vinaya A. Joshi

Cummins India Limited Address:  Cummins India Office Campus, Tower A, 5th Floor
Survey No. 21, Balewadi,  

Pune 411 045, Maharashtra (INDIA)

Telephone Number:  020 – 67067000

Email id:  cil.investors@cummins.com

Send the complete set of documents to the above-mentioned address.

Step 6 – Verification 

Once the documents are received, Nodal officer will:

• Verify all documents submitted

• Match your details with company records

• Prepare a Verification Report

• This process usually takes up to 30 days

• The Verification Report is then sent electronically to the IEPF Authority

Step 7 - Approval by IEPF Authority 

After the IEPF Authority receives the verification report, they will review your claim. Upon approval:

• Unclaimed shares are credited directly to your Demat account

• Unclaimed dividends are transferred to your registered bank account

Once those credits reflect in your accounts, your recovery process is complete

Final word 

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 Cummins India 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.  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 Calander LLP for the expert guidance and support. 

Frequently Asked Questions (FAQ)

Q1. How, can I check the registrar information and address of Cummin India Ltd?

Ans. You can check a company’s registrar details on its official website under the Investor Information section. You can also find the registrar’s name and address on the BSE or NSE website in the company details page. Additionally, the company’s annual report or MCA portal provides the registered office and registrar information

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. 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.

Q5. 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

Q6. How can legal heirs claim shares from IEPF?

Ans. 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.

Q7. 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.

Q8. What happens if I submit wrong or incomplete documents?

Ans. If the documents are incomplete or incorrect, MUFG or Cummin may ask for additional information. In some cases, they may reject the claim and ask you to re-submit Form IEPF-5 with corrected details. To avoid delays, ensure all documents, especially your PAN, Aadhaar, Demat details, and Indemnity Bond, are properly filled and self-attested.

Q9. Can I recover my cummin ltd shares without a Demat account?

Ans. No, you cannot recover Cummins India Ltd shares without a Demat account. Shares transferred to the IEPF are issued only in electronic form. You must have an active Demat account to receive them once your claim is approved.

Q10. Who can apply to recover cummin’s shares from the IEPF?

Ans. The following people can apply:

• The original shareholder

• A legal heir (family member) if the shareholder has passed away

• A nominee (if registered earlier)

Legal heirs must submit additional documents such as a death certificate, succession certificate, legal heir certificate, or probated will to prove their ownership.