Parag Milk Foods Launches 'Saksham Niveshak' Campaign for Unclaimed Dividends and KYC Update
Parag Milk Foods launched 'Saksham Niveshak' campaign (July 28 - Nov 6, 2025) for shareholders to update KYC and claim unclaimed dividends (FY 2017-18 to FY 2023-24), preventing transfer to IEPF.
This announcement has a medium impact as it directly benefits shareholders with unclaimed dividends by providing a clear process to recover their funds and shares, fulfilling a regulatory directive.
The campaign is a positive initiative aimed at assisting shareholders in reclaiming their unclaimed dividends and updating their KYC details, thereby preventing the transfer of their funds and shares to the IEPF.
Parag Milk Foods Limited has initiated the 'Saksham Niveshak' – 100 Days Campaign, running from July 28, 2025, to November 6, 2025. This campaign follows directives from the Investor Education and Protection Fund Authority (IEPFA) and the Ministry of Corporate Affairs (MCA) issued on July 16, 2025. The primary objectives of the campaign are to: * Help shareholders update their KYC details, including Bank Account and Client Master List (CML). * Enable shareholders to claim their unclaimed dividends for the Financial Years (FY) 2017-18 to FY 2023-24. * Prevent the transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF). The company has sent special reminder letters to affected shareholders. Shareholders are advised to contact their Depository Participant to update KYC details. Once updated, unclaimed dividends can be claimed by sending a request to investors@parag.com. It is important to note that if a dividend remains unclaimed for seven consecutive years, both the dividend amount and the associated equity shares will be transferred to the IEPF Authority without further notice. For dividends and shares already transferred to IEPF, shareholders can claim them by registering and submitting Form IEPF-5 on the MCA V3 website (https://www.mca.gov.in/content/mca/global/en/foportal/fologin.html) and then sending hard copies of the form and supporting documents to the company's corporate office at 10th Floor, Nirmal Building, Nariman Point, Mumbai - 400 021.
What to do with a filing like this
Parag Milk Foods Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Parag Milk Foods Limited. Read the original for the full detail.