The SEBI circular mandates that, as of April 1st 2023, physical shareholder folios that are missing any of the data—such as a PAN, email address, mobile number, bank account details, or nomination—must be frozen.

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Recover Lost Shares of CIPLA Limited from IEPF
Recover Lost Shares of CIPLA Limited from IEPF

Individuals routinely invest money in shares but then forget to claim them, or the shares become inactive or unclaimed and expire before the shares may be retrieved. As a result, in many situations, the shares stay unclaimed for many years. The Investor Education and Protection Fund was established by the Ministry of Corporate Affairs (MCA) to guarantee that unclaimed shares are transferred to, received by, or claimed by the proper owner (IEPF).

Shareholders of a firm may be entitled to a reimbursement for their unclaimed shares or unpaid dividends transferred to the IEPF in accordance with Section 124 of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer, and Refund) Rules, 2016.

Cipla focuses on creating medications to treat a variety of illnesses, including arthritis, diabetes, depression, cardiovascular disease, respiratory diseases, and many more.

The business was established in 1935. The organization was originally formed in Mumbai under the name The Chemical, Industrial & Pharmaceutical Laboratories. The company name was changed to Cipla Limited in July 1984, and it is now listed on the NSE and BSE of the Indian Stock Exchange.

Following its initial public offering, the firm was listed at a price of Rs 22. Since it is listed on the Indian stock exchange board, the corporation has periodically announced corporate actions in the form of bonuses, splits, mergers, or demergers. 720 shares with a face value of Rs. 2 were created from 1 share with a face value of Rs. 100 when 

CONTACT US TO RECOVER CIPLA LTD. SHARES

Cipla has divided its shares twice:

100 to 10 and

10 to 2

As a result of Cipla’s stock split, 1 share now equals 15 shares. Taking into account all bonuses, this means that all shares presently equal 720*15=10800 shares.

The business has previously announced bonuses seven times. Shares of Cipla Ltd. now have a face value of Rs. 2-.

If you purchased 10 shares of the firm when it first went public, its worth now must be greater than one crore. In India, Cipla Ltd. is the third-largest firm in the pharmaceuticals industry.

KFIN Technologies Limited is the company’s Registrar Transfer Agent, and Mr. Rajendra Chopra is now the Company Secretary and Nodal Officer (IEPF) of CIPLA Ltd.

An Unclaimed Dividend of INR 13,507,590 was declared by Cipla Ltd. in 2021 to about 5500 shareholders.

If you had invested around 200 INR between 1992 and 1994, the return would have been 45,35,900% since the moment Cipla Ltd. was listed, and the asset would currently be worth approximately 91,000.

Recover Cipla Ltd Shares from IEPFA

The corporation has around 68,00,000 shares that are unclaimed. The good news is that investors may collect their shares from IEPF.

If an investor loses their CIPLA Ltd. shares or if the original shareholder dies and their legal heirs seek to regain their shares, the Share Recovery process from IEPF or the firm must be completed.

The good news is that it is indeed true! You require a professional recovery consultant that specialises in shares claim if you want to reclaim these unclaimed shares of this corporation.

Who May Submit a Share Recovery Application to the IEPF Authority?

Shareholders who had their unclaimed shares transferred to the IEPF may request a return from the IEPF Authority. However, a claimant is limited to filing one consolidated claim against a corporation every fiscal year. The aggregated claim should contain several Folios from the same business.

Shareholders who had their unclaimed shares transferred to the IEPF may request a return from the IEPF Authority. However, a claimant is limited to filing one consolidated claim against a corporation every fiscal year. The aggregated claim should contain several Folios from the same business.

ARE YOU A CIPLA LTD. INVESTOR?

You require a qualified Shares Recovery Consultant in order to obtain your unclaimed shares back from Cipla LTD.

The “MUDS” squad enter the picture at this point.

Share recovery involves many complications and a significant time commitment. It will be very difficult to recover these unclaimed shares if any required legal compliances are overlooked. It would be prudent to let the specialists at “Shares Recover” handle the hassle for you and have your claim retrieved as quickly as our experts advise. We can assist you in obtaining your unclaimed Cipla Ltd. share.

Contact “MUDS” right away to claim your shares and put your trust in the finest on the market.

 

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