Recovery of IEPF Shares from Grasim Industries Limited

Recovery of IEPF Shares from Grasim Industries Limited. The recovery of shares of Grasim Industries Limited is an important part of investor protection under Indian company law. Many shareholders fail to claim dividends for long periods or do not update their address, bank details or demat account information. As a result, such dividends and the related shares become unclaimed. Under the provisions of the Companies Act, 2013, these unclaimed shares and amounts are transferred to the Investor Education and Protection Fund (IEPF) to ensure transparency and safeguard investor interests.
Grasim Industries Limited, being a flagship company of the Aditya Birla Group and a widely held listed company follows these legal requirements and maintains proper shareholder records. Even after the transfer of shares to the IEPF the original shareholders or their legal heirs do not lose their ownership rights. They can recover their shares by following the prescribed legal procedure which includes submission of documents and verification with the company and its Registrar and Transfer Agent (RTA).
Company Background and History
Grasim Industries Limited was incorporated in 1947 and is one of India’s oldest and most respected industrial companies. It began its journey as a textile manufacturer and gradually expanded into multiple sectors through strategic growth and diversification. Over the years, Grasim entered businesses such as viscose staple fibre, chemicals, cement, and building materials, establishing itself as a diversified conglomerate.
Grasim is a flagship company of the Aditya Birla Group and holds a significant stake in UltraTech Cement Limited, India’s largest cement producer. The company has consistently focused on innovation, operational efficiency and sustainable growth. Its listing on Indian stock exchanges improved transparency and encouraged public participation. Today Grasim Industries Limited operates across India and international markets and is known for strong corporate governance, financial stability and long-term value creation for shareholders.
Financial Performance of Grasim Industries Limited
Grasim Industries Limited has shown steady and consistent financial performance over the years. Its diversified business model, strong leadership position in core segments, and prudent financial management have supported long-term growth.
During recent financial years, the company has focused on expanding its chemical and building materials businesses while strengthening operational efficiency. Continuous investments, strategic acquisitions, and a focus on sustainability have helped Grasim maintain stable revenues and profitability. The company regularly declares dividends, reflecting its commitment to shareholder value.

Dividends

Ex-Date

Type

Dividend (Rs)

12 Aug, 2025

Final

10.00

06 Aug, 2024

Final

10.00

11 Aug, 2023

Final

10.00

11 Aug, 2022

Final

5.00

11 Aug, 2022

Special

5.00

BONUS

Announcement Date

Ex Bonus

Ratio

11 feb,1988

18 oct ,1988

3:4

SPLITS

EX-Split

Old FV

New FV

06oct,2016

Process to Recover Shares or Dividends from IEPF
(Grasim Industries Limited)
Step 1: Check Unclaimed Dividend or Share Status
The first step is to check whether any dividend amount or shares of Grasim Industries Limited have been transferred to the IEPF.
Option 1: Grasim Industries – Investor Relations Website Visit the Investor Relations section of Grasim Industries Limited’s official website and check ‘Shareholder service’ after that go to ‘Unpaid and unclaimed Dividend/IEPF’.
Option 2: IEPF Authority Website Visit the official IEPF portal and enter your Folio Number (for physical shares) or DP ID–Client ID (for demat shares) to verify the transfer status.
This step confirms the number of shares and dividend amount eligible for recovery.
Step 2: Contact Grasim Industries’ Registrar and Share Transfer Agent (RTA)
Grasim Industries Limited has appointed a Registrar and Share Transfer Agent (RTA) to handle shareholder services.
KFin Technologies Limited Karvy Selenium, Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad, Telangana – 500032
Email: einward.ris@kfintech.com Tel: 1800 309 4001
You must contact the RTA to obtain an Entitlement Letter, which confirms:

Number of shares transferred to the IEPF

Unclaimed dividend amount

Shareholder identity

List of required documents

Documents generally required:

PAN Card and Aadhaar Card

Folio Number or DP ID–Client ID

Client Master List (CML)

Contact details

Old dividend warrants (if available)

Death certificate (if shareholder is deceased)

Once verified, the RTA issues the Entitlement Letter, which is mandatory for the IEPF claim. 
Step 3: File IEPF Form-5 on the MCA Website
After receiving the Entitlement Letter, the claimant must file IEPF Form-5 online through the MCA portal.
Details required:

Name, address, PAN and Aadhaar

Details of Grasim Industries Limited

Number of shares claimed

Year-wise dividend details

Bank account details

Demat account details

After submission:

Download the filled Form IEPF-5

Download the SRN acknowledgment

Both must be printed and signed. 
Step 4: Prepare the Physical Document Set
The claimant must prepare and submit the complete document set to Grasim Industries Limited.
Mandatory Documents:

Signed IEPF Form-5

SRN Acknowledgment

Indemnity Bond (on non-judicial stamp paper as per IEPF Rules)

Advance Stamped Receipt (duly signed by the claimant and witnesses)

Entitlement Letter

Self-attested PAN and Aadhaar

Cancelled cheque

Client Master List

Original share certificates (if physical shares)

Foreigners / NRI Documents - Self-attested copy of Passport and OCI / PIO card (if applicable)

If the Applicant Is a Legal Heir / Successor
Additional documents required:

Death certificate of shareholder

Succession certificate /legal heir certificate/ probate / registered will

NOCs from other legal heirs

Identity and address proof of all heirs

Such cases usually involve enhanced scrutiny and may require additional time for processing.
Step 5: Submission to Grasim Industries’ Nodal Officer (IEPF)
The complete document set must be sent by Speed Post or Courier to the Nodal Officer (IEPF) of Grasim Industries Limited at its registered office.
Name - Mr. Neelabja Chakrabarty
Address - Grasim Industries Limited Aditya Birla Centre, ‘A’ Wing, 2nd Floor S. K. Ahire Marg, Worli, Mumbai - 400 030 Maharashtra, India
E-mail – grasim.secretarial@adityabirla.com /
            grasim.iepf@adityabirla.com
All documents should be properly signed, indexed, and arranged. 
Step 6: Verification by Grasim Industries Limited
Upon receipt of documents, Grasim Industries Limited:

Verifies shareholder details with company records

Confirms document completeness and authenticity

Ensures compliance with IEPF regulations

After verification, the company submits a verification report to the IEPF Authority generally within 30 days. 
Step 7: Approval by the IEPF Authority
After review by the IEPF Authority:

Shares are credited to the claimant’s demat account

Dividend amounts are transferred to the claimant’s bank account

This completes the IEPF recovery process. 
Conclusion
Recovery of shares and unclaimed dividends of Grasim Industries Limited from the Investor Education and Protection Fund (IEPF) is a structured and legally supported procedure that protects the rights of genuine shareholders. Even after shares are transferred to the IEPF due to seven consecutive years of unclaimed dividends, the owner or their legal heirs do not lose their entitlement. The process requires verification with the company’s Registrar & Transfer Agent (KFin Technologies), filing Form IEPF-5 and submitting a complete document set to the company’s Nodal Officer. Proper documentation, accuracy in personal and demat details and maintaining clear records are essential for smooth processing. 
This mechanism reflects the transparency and accountability established under the Companies Act, 2013, ensuring that investor wealth is safeguarded rather than becoming permanently inaccessible. Grasim Industries Limited, as a reputed and regulated entity, adheres to these compliance measures, making it possible for shareholders to recover their investments with confidence. The IEPF Authority ultimately restores the shares to the demat account and credits pending dividend amounts after due verification. Overall, the recovery process reinforces investor protection, discourages misuse of financial assets and encourages responsible record management among shareholders. With timely action and proper guidance, claimants can successfully retrieve their rightful holdings and re-establish their investment relationship with Grasim Industries Limited. 
FAQs
Q1. Can I claim shares from IEPF without a demat account?
Ans. No, a demat account is mandatory. If you don’t have one, open a demat account first and then proceed with filing the claim.
Q2. What happens if I submitted Form IEPF-5 but made a mistake?
Ans. You must correct the error and file a fresh Form IEPF-5, previously submitted forms cannot be edited after submission.
Q3. Will I receive bonus or split shares that happened while shares were with IEPF?
Ans. Yes, corporate benefits like bonus/split shares are credited after successful recovery, provided they were applicable during the period of transfer.
Q4. Can a Power of Attorney (POA) holder apply for recovery?
Ans. Generally not. The Claims must be submitted by the shareholder or legal heir. POA-based applications are rarely accepted and need special justification.
Q5. How long does the recovery process take?
Ans. Usually 3–6 months, depending on document accuracy and verification time taken by the company and IEPF Authority.
Q6. Is physical share certificate mandatory if shares were originally in certificate form?
Ans. Yes, physical certificates should be submitted. If lost, file an FIR/Police Complaint and obtain a duplicate certificate / indemnity before applying.
Q7. What if the shareholder’s signature has changed?
Ans. Provide a banker’s attestation or signature verification letter to authenticate identity before filing the claim.
Q8. Can NRIs claim shares from IEPF?
Ans. Yes, NRIs can apply with passport overseas address proof and OCI/PIO documents (if applicable). Notarisation/consular attestation may be required.
Q9. Does Grasim charge any fee for processing recovery?
Ans. No processing fee is charged by the company but you may incur costs for stamp paper, notarisation, and courier charges.
Q10. What if documents are rejected by the company?
Ans. You will be notified. After corrections, you can re-submit without penalty as long as eligibility is clear.

The recovery of shares of Grasim Industries Limited is an important part of investor protection under Indian company law. Many shareholders fail to claim dividends for long periods or do not update their address, bank details or demat account information. As a result, such dividends and the related shares become unclaimed. Under the provisions of the Companies Act, 2013, these unclaimed shares and amounts are transferred to the Investor Education and Protection Fund (IEPF) to ensure transparency and safeguard investor interests.

Grasim Industries Limited, being a flagship company of the Aditya Birla Group and a widely held listed company follows these legal requirements and maintains proper shareholder records. Even after the transfer of shares to the IEPF the original shareholders or their legal heirs do not lose their ownership rights. They can recover their shares by following the prescribed legal procedure which includes submission of documents and verification with the company and its Registrar and Transfer Agent (RTA).

Company Background and History

Grasim Industries Limited was incorporated in 1947 and is one of India’s oldest and most respected industrial companies. It began its journey as a textile manufacturer and gradually expanded into multiple sectors through strategic growth and diversification. Over the years, Grasim entered businesses such as viscose staple fibre, chemicals, cement, and building materials, establishing itself as a diversified conglomerate.

Grasim is a flagship company of the Aditya Birla Group and holds a significant stake in UltraTech Cement Limited, India’s largest cement producer. The company has consistently focused on innovation, operational efficiency and sustainable growth. Its listing on Indian stock exchanges improved transparency and encouraged public participation. Today Grasim Industries Limited operates across India and international markets and is known for strong corporate governance, financial stability and long-term value creation for shareholders.

Financial Performance of Grasim Industries Limited

Grasim Industries Limited has shown steady and consistent financial performance over the years. Its diversified business model, strong leadership position in core segments, and prudent financial management have supported long-term growth.

During recent financial years, the company has focused on expanding its chemical and building materials businesses while strengthening operational efficiency. Continuous investments, strategic acquisitions, and a focus on sustainability have helped Grasim maintain stable revenues and profitability. The company regularly declares dividends, reflecting its commitment to shareholder value.

	Dividends
Ex-Date	Type	Dividend (Rs)
12 Aug, 2025	Final	10.00
06 Aug, 2024	Final	10.00
11 Aug, 2023	Final	10.00
11 Aug, 2022	Final	5.00
11 Aug, 2022	Special	5.00
	BONUS
Announcement Date	Ex Bonus	Ratio
11 feb,1988	18 oct ,1988	3:4
	SPLITS
EX-Split	Old FV	New FV
06oct,2016	10	2

Process to Recover Shares or Dividends from IEPF

(Grasim Industries Limited)

Step 1: Check Unclaimed Dividend or Share Status

The first step is to check whether any dividend amount or shares of Grasim Industries Limited have been transferred to the IEPF.

Option 1: Grasim Industries – Investor Relations Website
Visit the Investor Relations section of Grasim Industries Limited’s official website and check ‘Shareholder service’ after that go to ‘Unpaid and unclaimed Dividend/IEPF’.

Option 2: IEPF Authority Website
Visit the official IEPF portal and enter your Folio Number (for physical shares) or DP ID–Client ID (for demat shares) to verify the transfer status.

This step confirms the number of shares and dividend amount eligible for recovery.

Step 2: Contact Grasim Industries’ Registrar and Share Transfer Agent (RTA)

Grasim Industries Limited has appointed a Registrar and Share Transfer Agent (RTA) to handle shareholder services.

KFin Technologies Limited
Karvy Selenium, Tower B,
Plot No. 31 & 32, Financial District,
Nanakramguda, Serilingampally Mandal,
Hyderabad, Telangana – 500032

Email: einward.ris@kfintech.com
Tel: 1800 309 4001

You must contact the RTA to obtain an Entitlement Letter, which confirms:

Number of shares transferred to the IEPF
Unclaimed dividend amount
Shareholder identity
List of required documents

Documents generally required:

PAN Card and Aadhaar Card
Folio Number or DP ID–Client ID
Client Master List (CML)
Contact details
Old dividend warrants (if available)
Death certificate (if shareholder is deceased)

Once verified, the RTA issues the Entitlement Letter, which is mandatory for the IEPF claim.

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

After receiving the Entitlement Letter, the claimant must file IEPF Form-5 online through the MCA portal.

Details required:

Name, address, PAN and Aadhaar
Details of Grasim Industries Limited
Number of shares claimed
Year-wise dividend details
Bank account details
Demat account details

After submission:

Download the filled Form IEPF-5
Download the SRN acknowledgment

Both must be printed and signed.

Step 4: Prepare the Physical Document Set

The claimant must prepare and submit the complete document set to Grasim Industries Limited.

Mandatory Documents:

Signed IEPF Form-5
SRN Acknowledgment
Indemnity Bond (on non-judicial stamp paper as per IEPF Rules)
Advance Stamped Receipt (duly signed by the claimant and witnesses)
Entitlement Letter
Self-attested PAN and Aadhaar
Cancelled cheque
Client Master List
Original share certificates (if physical shares)
Foreigners / NRI Documents - Self-attested copy of Passport and OCI / PIO card (if applicable)

If the Applicant Is a Legal Heir / Successor

Additional documents required:

Death certificate of shareholder
Succession certificate /legal heir certificate/ probate / registered will
NOCs from other legal heirs
Identity and address proof of all heirs

Such cases usually involve enhanced scrutiny and may require additional time for processing.

Step 5: Submission to Grasim Industries’ Nodal Officer (IEPF)

The complete document set must be sent by Speed Post or Courier to the Nodal Officer (IEPF) of Grasim Industries Limited at its registered office.

Name - Mr. Neelabja Chakrabarty

Address - Grasim Industries Limited
Aditya Birla Centre, ‘A’ Wing, 2nd Floor
S. K. Ahire Marg, Worli, Mumbai - 400 030
Maharashtra, India

E-mail – grasim.secretarial@adityabirla.com /

grasim.iepf@adityabirla.com

All documents should be properly signed, indexed, and arranged.

Step 6: Verification by Grasim Industries Limited

Upon receipt of documents, Grasim Industries Limited:

Verifies shareholder details with company records
Confirms document completeness and authenticity
Ensures compliance with IEPF regulations

After verification, the company submits a verification report to the IEPF Authority generally within 30 days.

Step 7: Approval by the IEPF Authority

After review by the IEPF Authority:

Shares are credited to the claimant’s demat account
Dividend amounts are transferred to the claimant’s bank account

This completes the IEPF recovery process.

Conclusion

Recovery of shares and unclaimed dividends of Grasim Industries Limited from the Investor Education and Protection Fund (IEPF) is a structured and legally supported procedure that protects the rights of genuine shareholders. Even after shares are transferred to the IEPF due to seven consecutive years of unclaimed dividends, the owner or their legal heirs do not lose their entitlement. The process requires verification with the company’s Registrar & Transfer Agent (KFin Technologies), filing Form IEPF-5 and submitting a complete document set to the company’s Nodal Officer. Proper documentation, accuracy in personal and demat details and maintaining clear records are essential for smooth processing.

This mechanism reflects the transparency and accountability established under the Companies Act, 2013, ensuring that investor wealth is safeguarded rather than becoming permanently inaccessible. Grasim Industries Limited, as a reputed and regulated entity, adheres to these compliance measures, making it possible for shareholders to recover their investments with confidence. The IEPF Authority ultimately restores the shares to the demat account and credits pending dividend amounts after due verification. Overall, the recovery process reinforces investor protection, discourages misuse of financial assets and encourages responsible record management among shareholders. With timely action and proper guidance, claimants can successfully retrieve their rightful holdings and re-establish their investment relationship with Grasim Industries Limited.

FAQs

Q1. Can I claim shares from IEPF without a demat account?

Ans. No, a demat account is mandatory. If you don’t have one, open a demat account first and then proceed with filing the claim.

Q2. What happens if I submitted Form IEPF-5 but made a mistake?

Ans. You must correct the error and file a fresh Form IEPF-5, previously submitted forms cannot be edited after submission.

Q3. Will I receive bonus or split shares that happened while shares were with IEPF?

Ans. Yes, corporate benefits like bonus/split shares are credited after successful recovery, provided they were applicable during the period of transfer.

Q4. Can a Power of Attorney (POA) holder apply for recovery?

Ans. Generally not. The Claims must be submitted by the shareholder or legal heir. POA-based applications are rarely accepted and need special justification.

Q5. How long does the recovery process take?

Ans. Usually 3–6 months, depending on document accuracy and verification time taken by the company and IEPF Authority.

Q6. Is physical share certificate mandatory if shares were originally in certificate form?

Ans. Yes, physical certificates should be submitted. If lost, file an FIR/Police Complaint and obtain a duplicate certificate / indemnity before applying.

Q7. What if the shareholder’s signature has changed?

Ans. Provide a banker’s attestation or signature verification letter to authenticate identity before filing the claim.

Q8. Can NRIs claim shares from IEPF?

Ans. Yes, NRIs can apply with passport overseas address proof and OCI/PIO documents (if applicable). Notarisation/consular attestation may be required.

Q9. Does Grasim charge any fee for processing recovery?

Ans. No processing fee is charged by the company but you may incur costs for stamp paper, notarisation, and courier charges.

Q10. What if documents are rejected by the company?

Ans. You will be notified. After corrections, you can re-submit without penalty as long as eligibility is clear.