Description

SEBI and IEPFA jointly organized the sixth Niveshak Shivir at Bhubaneswar on March 27, 2026, enabling over 285 investors to reclaim unpaid dividends and unclaimed shares held for six or more years.

Summary

SEBI and the Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, jointly conducted the sixth edition of the “Niveshak Shivir” investor camp at Bhubaneswar on March 27, 2026. The initiative is designed to proactively assist shareholders in reclaiming unpaid dividends and unclaimed shares that have remained dormant in the system, reducing the overall volume of unclaimed investor assets.

Key Points

  • The sixth Niveshak Shivir was held at Bhubaneswar on March 27, 2026, with over 285 investors and claimants participating.
  • The event was jointly organized by SEBI and IEPFA in collaboration with Market Infrastructure Institutions (MIIs): NSE, NSDL, BSE, and CDSL.
  • Registrar and Transfer Agents (RTAs) participating: KFin Technologies Ltd., MUFG Intime India Pvt. Ltd., Bigshare Service Private Ltd., and CAMS.
  • Dedicated service desks provided end-to-end assistance under one roof, eliminating the need for intermediaries.
  • SEBI was represented by Shri Binod Sharma, General Manager; IEPFA by Shri Shobhit Srivastava, General Manager.

Regulatory Changes

No regulatory changes were introduced. This circular is a press release announcing the successful conduct of an investor outreach camp.

Compliance Requirements

No new compliance requirements for market participants. The event served retail investors seeking to:

  • Claim dividends and shares unclaimed for over six years.
  • Update KYC and nomination details on the spot.
  • Resolve pending IEPFA claim issues.
  • Process claims submitted to IEPFA that were still pending.

Important Dates

  • March 27, 2026: Sixth Niveshak Shivir held at Bhubaneswar.
  • April 08, 2026: Press release issued from Mumbai.
  • Future editions of the Shivir series are proposed for other cities with significant unclaimed investor assets (dates not specified).

Impact Assessment

This event has a positive but limited direct market impact. It is part of a continuing series aimed at reducing the quantum of unclaimed financial assets held with IEPFA. The initiative benefits individual retail investors with dormant claims but does not alter trading, listing, or compliance frameworks for market intermediaries. Future Shivir events in other cities may progressively reduce the aggregate unclaimed asset pool tracked by IEPFA and SEBI.

Impact Justification

This is an investor outreach/awareness event press release with no regulatory changes or compliance mandates. It is informational and relevant mainly to retail investors with unclaimed assets, not market participants broadly.