annual-report-FY2020

200 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Shares transferred/ credited to IEPF During the year 2019-20, the Company transferred 62,079 Ordinary (Equity) Shares to IEPF Authority corresponding to unclaimed dividend for the year 2011-12. The IEPF Authority holds 22,92,887 Ordinary (Equity) Shares in the Company as on 31 st March, 2020. Further, the Company on 8 th April, 2020 transferred 30 shares corresponding to unclaimed dividend for Financial Year 2011-12 to IEPF upon release of statutory freeze. Pursuant to IEPF Rules, given below are the Ordinary (Equity) Shares transferred to and released from IEPF Authority: Particulars Number of shares transferred to IEPF Transferred to IEPF during the year 2017-18 11,00,234 Bonus shares credited to IEPF on 26 th December, 2017 11,00,234 Transferred to IEPF during the year 2018-19 61,352 Total number of shares held by IEPF as on 31 st March, 2019 22,61,820 Transferred to IEPF during the year 2019-20 62,079 Released from IEPF during the year 2019-20 31,012 Total number of shares held by IEPF as on 31 st March, 2020 22,92,887 Transferred to IEPF on 8 th April 2020 30 Total number of shares held by IEPF as on 8 th April, 2020 22,92,917 The voting rights on these shares shall remain frozen until the rightful owner claims the shares. The Company has appointed a Nodal Officer under the provisions of IEPF, the details of which are available on the website of the Company http://www.mahindra.com/contact-us. Further, the Company has also appointed Deputy Nodal Officers to assist the Nodal Officer to inter alia verify the claim(s) and co-ordinate with the IEPF Authority. The Company has uploaded the details of unpaid and unclaimed amounts lying with the Company as on 31 st March, 2019 on the Company’s website at the web link: https://www.mahindra.com/investors/reports-and- presentations and on the website of the Ministry of Corporate Affairs at www.iepf.gov.in/. The following table provides dates on which unclaimed dividend and their corresponding shares would become liable to be transferred to the IEPF: Year Date of declaration of dividend Due date for transfer to IEPF Amount (Rs.) (As on 31 st March, 2020) 2012-13 13 th August, 2013 12 th September, 2020 2,25,72,186.00 2013-14 8 th August, 2014 8 th September, 2021 3,24,09,818.00 2014-15 7 th August, 2015 9 th September, 2022 2,22,92,556.00 2015-16 10 th August, 2016 9 th September, 2023 3,16,18,536.00 2016-17 4 th August, 2017 3 rd September, 2024 3,08,32,256.00 2017-18 7 th August, 2018 6 th September, 2025 2,64,66,337.50 2018-19 7 th August, 2019 6 th September, 2026 3,21,64,331.50