Investors

Transfer of Shares to IEPF

Notice to the Shareholders (Notice dated 05.06.2023)

Dear Shareholder,

Please note that dividend paid for the financial year ended March 31, 2016 by erstwhile Dalmia Refractories Limited (which has now amalgamated with the Company), on the shares held by you earlier in Dalmia Refractories Limited against which the fresh shares of the Company have been issued in terms of the Scheme of Amalgamation of Dalmia Refractories Limited and GSB Refractories India Pvt Ltd with Dalmia Bharat Refractories Limited and its respective shareholders and creditors, is due for transfer to Investor Education and Protection Fund (‘IEPF’) on September 23, 2023 upon completion of seven (7) years in terms of sub section (5) of Section 124 of the Companies Act, 2013 (‘CA2013’). Further, please note that the dividend(s) paid on the said shares by erstwhile Dalmia Refractories Limited for the financial years subsequent to financial year 2015-16 has also remained unpaid/unclaimed till date.

In terms of Section 124 (6) of the Companies Act ,2013 read with Rule 6 of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 as amended (‘IEPF Rules’), , erstwhile DRL is required to credit such shares, in respect of which dividend has not been paid or claimed for seven consecutive years or more, to Demat Account of IEPF Authority within a period of thirty days of such shares becoming due to be transferred to the Fund.

Accordingly, the shares of DBRL issued in lieu of the shares of DRL against which the dividend remained unclaimed for seven consecutive years are due for transfer to IEPF on September 23, 2023.

Please note that the voting rights on the shares so transferred shall remain frozen until the rightful owner claims such shares and all the benefits accruing on such shares, e.g., bonus shares, split, consolidation, fraction shares, etc. except right issue shall also be credited to such Demat Account of IEPF Authority.

Only in case, there is a specific order of Court or Tribunal or statutory authority restraining transfer of shares and payment of dividend or where the shares are pledged or hypothecated under the provisions of the Depositories Act, 1996, the Company will not transfer the shares to Demat Account of IEPF Authority.

You are accordingly requested to please advise us if there is a specific order of Court or Tribunal or statutory authority restraining transfer of your shares and payment of dividend or if the shares are pledged or hypothecated under the provisions of the Depositories Act, 1996 and provide us a copy of such order on or before September 20, 2023. You may approach in this regard to

Please note that no claim shall lie against the Company in future with respect to the shares so transferred to the IEPF pursuant to IEPF Rules. However, you may claim the shares under proviso to Section 124(6) of Companies Act 2013 and/or apply for refund under Section 125(3)(a) or under proviso the Section 125(3) of CA2013, as the case may be, from IEPF Authority by submitting an online application in Form IEPF-5 available at www. iepf.gov.in.

The details of such shareholders inter-alia their names, folio number or DP ID-Client ID and number of shares due for transfer can be seen by clicking here