Description

SEBI and IEPFA jointly organized the third Niveshak Shivir at Amritsar on November 01, 2025, to assist shareholders in reclaiming unpaid dividends and unclaimed shares, with participation from over 223 investors and 17 dedicated service desks.

Summary

SEBI and the Investor Education and Protection Fund Authority (IEPFA), Ministry of Corporate Affairs, jointly organized the third “Niveshak Shivir” at Amritsar, Punjab on November 01, 2025. This investor outreach initiative aims to assist shareholders in reclaiming unpaid dividends and unclaimed shares, thereby reducing the volume of unclaimed investor assets in the system. The event was organized in collaboration with Market Infrastructure Institutions (MIIs) - BSE, NSE, CDSL & NSDL and Registrar and Transfer Agents (RTAs) - KFin Technologies Ltd., MUFG Intime India Pvt. Ltd., & Bigshare Services Pvt. Ltd.

Key Points

  • Over 223 investors and claimants from Amritsar and surrounding areas participated in the day-long event
  • 17 dedicated service desks were set up under one roof offering end-to-end assistance
  • Services included claiming dividends and shares unclaimed for over six years, on-the-spot KYC and nomination updates, prompt resolution of claim-related issues, and processing of pending IEPFA claims
  • Direct facilitation of unpaid dividends and claims pending for over six to seven years was provided
  • Dedicated kiosks were set up by stakeholder companies and RTAs, allowing investors to interact directly with officials without intermediaries
  • Event was attended by senior officials including Smt. Anita Shah Akella (CEO of IEPFA and Joint Secretary, Ministry of Corporate Affairs) and Shri Binod Sharma (General Manager, SEBI)
  • An explainer video “Understanding the Process of Claiming Unpaid Dividends through IEPFA” was launched, conceptualized by CDSL IPF
  • This is the third edition in the Niveshak Shivir series
  • Similar events are proposed to be conducted in other cities with significant unclaimed investor assets

Regulatory Changes

No regulatory changes were introduced through this press release. This is an informational announcement about an investor education and outreach event.

Compliance Requirements

No new compliance requirements are imposed. The event facilitates existing processes for:

  • Claiming dividends and shares that have remained unclaimed for over six years
  • Updating KYC and nomination details
  • Processing claims submitted to IEPFA

Important Dates

  • November 01, 2025: Third Niveshak Shivir held at Amritsar, Punjab
  • November 11, 2025: Press release issued from Mumbai

Impact Assessment

This initiative has minimal direct market impact as it is an educational and facilitation event. The indirect benefits include:

  • Investor Protection: Helps investors reclaim their rightful assets (unpaid dividends and unclaimed shares)
  • System Efficiency: Reduces the volume of unclaimed investor assets in the system
  • Accessibility: Provides direct access to officials and eliminates the need for intermediaries
  • Awareness: Increases investor awareness about claiming processes through IEPFA
  • Operational Impact: Facilitates resolution of claims pending for six to seven years

The event demonstrates SEBI and IEPFA’s commitment to investor protection and financial empowerment. The success of this third edition suggests the series will continue in other cities with significant unclaimed assets, potentially benefiting more investors nationwide.

Impact Justification

This is an informational press release about an investor education and outreach event. It does not introduce regulatory changes, compliance requirements, or market-impacting measures. The event facilitates existing claims processes for unclaimed assets.