Parag Milk Foods Launches 'Saksham Niveshak' Campaign to Help Shareholders Update KYC and Claim Unclaimed Dividends
Parag Milk Foods launched the 'Saksham Niveshak' campaign from April 1, 2026, to July 9, 2026. The initiative, driven by MCA directives, helps shareholders update KYC and claim unclaimed dividends from FY 2018-19 to FY 2024-25. This prevents unclaimed assets from being transferred to IEPF.
This is a standard compliance initiative to address unclaimed dividends and KYC updates. It does not directly impact the company's operational performance or financial results.
The announcement is a routine compliance-driven campaign to facilitate shareholders in updating their KYC and claiming unclaimed dividends. It does not involve any new financial performance or significant strategic changes that would impact the company's valuation.
Parag Milk Foods Limited has initiated its Second 100 days Campaign, named ‘Saksham Niveshak’, in compliance with directives from the Investor Education and Protection Fund Authority and the Ministry of Corporate Affairs. This campaign, running from April 1, 2026, to July 9, 2026, aims to assist shareholders in updating their Know Your Customer (KYC) details, including bank account and client master list information, and claiming their unclaimed dividends for the financial years 2018-19 through 2024-25.
The primary objective is to prevent the transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF). Shareholders are advised to update their KYC through their respective Depository Participants. Those wishing to claim unpaid dividends can send a request to investors@parag.com. The company's website, www.paragmilkfoods.com/investors.php, under the IEPF tab, provides details on shares and dividends due for transfer or already transferred to IEPF.
Shareholders whose dividends remain unclaimed for seven consecutive years will have their equity shares transferred to the IEPF Authority without further notice. For claiming dividends and shares from the IEPF Authority, shareholders must register and log in to the MCA V3 website, complete Form IEPF-5, and submit the hard copy along with original supporting documents to the company's corporate office at 10th Floor, Nirmal Building, Nariman Point, Mumbai - 400 021. The company encourages shareholders to utilize this opportunity to update their details and claim their rightful entitlements.
What to do with a filing like this
Parag Milk Foods Limited filed this with the NSE as a statutory disclosure, categorised under statement of investor grievances. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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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.