Effective Ways to Claim Shares of Hindustan Unilever Limited from IEPF

At this present time, anyone reading this post might want to find the current status of Hindustan Unilever’s business. To define it, we can say that it made ‘towering’ profits in the past 20 years. 

This might be a point of interest when you are a shareholder. You have enough reasons to be happy though. Because of this profit, Hindustan Unilever Limited is releasing huge amounts of shares to the shareholders.

If you are someone who has more than 25 years of shares from Hindustan Unilever, then you can imagine the amount of profit you can make from them because they will increase to very high values.

However, you might want to know the complete process for the recovery of shares of Hindustan Unilever from IEPF. We can help you with this information if you choose to read this post.

A History of the Hindustan Unilever Limited (HUL)

India is known both nationally and internationally for many reasons. One of them is many of its companies that exemplify business and product manufacturing. Hindustan Unilever Limited or HUL is one of those brands that has proven how it became a giant in the companies that represent the private sector FMCG companies.

HUL is known in the nation and the world for its groundbreaking manufacturing work focusing on products such as home care items (soap, detergents, powders), oral care products, deodorants, cosmetics items, to food products as well.

One of the first companies to have completed 75 years in the private sector FMCG companies, HUL made huge profits in the last two decades. This factor works as the reason for the company to give out its shares, in which much is unclaimed (because many dormant shares exist in the company), to the shareholders and investors.

To distribute such high amounts of money, the company has decided to equally split stocks. However, there is one more piece of good news for investors, as HUL is giving out bonus shares too at this time.

As of 2024, Hindustan Unilever Limited has outstanding shares in a staggering number of above 230 Crores.  (Source : Economic Times)

Taking note of all these numbers, we can say it’s probably the appropriate time to take charge of share recovery regarding unclaimed dividends of HUL from IEPF.

Hindustan Unilever Shares: How to Find Their Status?

Like other companies, HUL follows the same rules to transfer shares. If you have shares from HUL unclaimed for more than 7 years, you will find it transferred to the IEPF authority.

The first step to finding out about the status of your unclaimed shares from HUL is to check the IEPF portal using your shareholder details and certificate information. As mentioned just now, you are likely to find your unclaimed shares transferred to IELF if you haven’t claimed them consecutively for 7 years or longer.

In case you don’t find your IEPF unclaimed shares from HUL in the IEPF portal, contacting the nodal officer of the company can give you the rest of the assistance you need.

What Is the Best Way to Claim Hindustan Unilever Claims Per IEPF? 

Before we get to know how to claim shares from IEPF when the shares you have are of HULs, you need to understand what the IEPF authority is in the first place.

You need to know that IEPF was introduced by the Central Government of India. Known as the Investors Education and Protection Fund, its chief purpose is to help the interests of shareholders, i.e. their stocks from a company, assets, and more, stay protected. IEPF also performs the role of promoting these assets and interests.

By law, your unclaimed dividends are naturally going to be transferred to IEPF for protection purposes. We are now going to learn how we can claim these dividends of HUL from IEPF systematically:

Get in Touch with the Company’s Nodal Officer and Check the IEPF Status 

Although surface-level information shares the fact that you need to check your IEPF status, it merely brings you the information about your IEPF claim. You want to contact the nodal officer of the company with your personal details and official shareholder data (documentation).

Filling up and Submitting the IEPF Claim Form

The IEPF website has a claim form for the IEPF unclaimed dividend recovery. What you want to do here is you fill in the form with all the details required and attach the HUL share details by presenting different copies of them. You want to attach this information to the IEPF claim form for the consideration of the nodal officer.

Verification 

This is not your part to do as a shareholder. Based on the IEPF form and your details, your nodal officer verifies your documents, prepares an unclaimed share verification report, and sends it to the IEPF Fund Manager for Scrutinisation.

The Final Procedure

It is when the IEPF fund manager scrutinises all your documentation and issues the sanction of your unclaimed dividends of HUL. This factor marks the end of your IEPF recovery process.

However, there might be hiccups to this process. For further scrutiny, the IEPF manager might ask for the submission of extra documentation. In many cases, your appeal for the IEPF recovery may get rejected as well.

To Conclude: How about a Bit of Professional Help with This?

If you find the recovery of shares from IEPF complicated, or if you want to remove the clutters and smoothen the process, then you can take the help of our expert share professionals as we know how to navigate through the process and help you recover shares without being stressed about it.

Let us know when you want your HUL unclaimed shares restored.