Recovery of Shares

Recover Lost Shares of Havells India Limited from IEPF

Havells India Limited, a leading manufacturer of electrical equipment and components in India, has been a prominent player in the industry for over 60 years. It is known for its high-quality products; the company has attracted numerous investors over the years. However, some investors may have lost track of their shares. So, the IEPF offers a solution for recovering these lost Havells India Limited shares to the investors.

Lost Track of Your Havells Shares? Learn How to Know It’s Transferred to IEPF

To verify the status of your shares, begin by visiting the company’s website, provided the company is still in operation. If the company is active, you can typically find information about the unclaimed shares on its investor relations or shareholder services page. If the company has been merged, dissolved, or is no longer operational, your next step is to locate the Registrar and Transfer Agent (RTA) associated with the company. The RTA will have the relevant information regarding the shares of such companies.

If the company is active, you should verify that your shares are transferred to the IEPF by checking their website. Next, contact the company secretary or nodal officer to initiate a claim for your shares. The company will require certain documents to authenticate your claim, which may include proof of ownership and identification. Once these documents are reviewed and verified, the company will issue an entitlement letter. You can use this entitlement letter to complete and submit the IEPF-5 Form, ensuring all required documents are attached.

What’s Next After Submitting Form & Documents to the Havells Company?

After you submit the form and documents in a sealed envelope to the company, a verification process begins; the company is responsible for verifying your claim and coordinating with the relevant authority.

As per Rule 7 (3) or 7 (7) of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the company is required to send an e-verification report to the IEPF Authority within 30 days of receiving the claim.

How to Recover Lost Shares of Havells India Ltd from IEPF?

If you have lost track of your Havells India Limited shares and suspect that it has been transferred to the IEPF, then follow the below process to recover lost shares of Havells India Limited from IEPF:  

1. Go to the IEPF Official Website

Start by visiting the IEPF website to see if your Havells shares are listed as unclaimed. Click the unclaimed or unpaid amounts tab to access the list of unclaimed shares and securities. To search for Havells shares, enter the PAN number.

2. Complete the IEPF-5 Form

If you find your shares listed, you will need to request recovery of shares from IEPF by filling out the IEPF-5 Form. This form, available for download on the IEPF website, requires you to provide personal details such as your name, address, PAN number, and contact information. You must also include details about the shares you wish to recover.

3. Gather Required Documents

Attach supporting documents to the IEPF-5 Form to prove your ownership of the shares. This includes share certificates, dividend warrants, and other investment proofs. You must provide a copy of the PAN card and cancelled cheques to confirm your bank account details.

4. Submit the IEPF Form

Submit the completed form and attached documents to the IEPF authority. Depending on the instructions provided on the IEPF website, you may submit the form online or by mail. Register on the IEPF website and follow the instructions for online submission. If submitting by mail, send the form and documents to the address specified on the website.

5. Refund after Verification and Transfer

Once the IEPF Authority receives the IEPF form and documents, they will verify your claim. Depending on the volume of claims, the process may take some time. After verification, the shares will be transferred to your demat account in dematerialized form.

Future of Havells India Limited Shares: Price Prediction

Founded in 1996 and listed on the National Stock Exchange since 2001, Havells India Limited has consistently demonstrated positive stock performance for its investors. As the company looks to the future, several factors will influence its trajectory. Investors should focus on various aspects of Havells India, including its financial health and prevailing market trends within the country. Below is the list of the prices of Havells Shares and projecting the targets for 2025 and beyond:

Years	Maximum Target Price (Rs)	Minimum Target Price (Rs)
2024	2798.94	2148.91
2025	2855	3203
2026	3500.26	1787.65
2027	4220.74	2040.80
2028	4958.22	2290.08
2029	5690.90	2545.40
2030	6280.00	2810.03

Conclusion

In conclusion, recover lost shares of Havells India Limited from IEPF by following a systematic process that requires verifying the status of the shares, completing necessary forms, and providing supporting documents. By following the outlined steps, investors can reclaim their shares and continue benefiting from Havells’ positive market performance because staying informed about the company’s financial health and market trends will help them make well-informed decisions.

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