Kalyani Steels Limited, a Maharashtra-based steel manufacturer in India, has issued notices to shareholders regarding unclaimed dividends for seven or more consecutive years. The company’s shares are set to be transferred to the Investor Education and Protection Fund (IEPF) as per regulatory norms.
Kalyani Steels Limited, a prominent steel manufacturing company headquartered in Pune, Maharashtra, India, has notified shareholders regarding unclaimed dividends dating back to the financial year 2017–18. The company issued individual notices on May 26, 2025, via both physical mail and email to affected shareholders.
This move is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provisions of Section 124(6) of the Companies Act, 2013. According to the law, shares linked to dividends that have remained unpaid or unclaimed for seven or more consecutive years are required to be transferred to the Investor Education and Protection Fund (IEPF).
Kalyani Steels has urged all affected shareholders to claim their outstanding dividends promptly to avoid the transfer of their shares to the IEPF. The company emphasized that shareholders whose records show such unclaimed payouts have been contacted individually to ensure compliance and transparency.
Kalyani Steels, listed on BSE (Scrip Code: 500235) and NSE (Symbol: KSL), plays a crucial role in India’s steel industry and is part of the Kalyani Group, known for its engineering and industrial innovations.
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