How much value Reliance Industries has created in the last 22 years?

Before knowing the process of claiming Reliance Industries’ unclaimed shares and dividends from IEPF, let’s have a look at why it is important to you to claim your shares and dividend. In the past twenty years, the shares of Reliance Industries shares have been one of the top-performing shares in the stock market. In the year 2000, the per share price of Reliance Industries was Rs. 46 which became Rs. 2432 in 2022 wherein we have not considered any bonus or split of shares. 

Let’s suppose you purchased 100 shares of Reliance Industries in the year 2000 at Rs.46 per share.

Total Investment = 100*46 = 4600

a) Stock Split on 26 Nov 2009 in 2:1. 

Number of shares after split = 300

b) Stock Split on 17 Sept 2017 in 2:1

Number of shares after split =900

Therefore, if you purchased 100 shares in the year 2000, you now own 900 shares after two splits.

Current Market Price of Reliance Industries (as of 07.10.2022) = 2432 per share

Total Value of Investment Now in 2022 = ~ 22Lakhs

100 shares invested in Reliance Industries shares in 2000 would be about Rs. ~22 lakhs.  So, if you are one of them and your shares have gone to IEPF, imagine the net worth you are having at present including bonus shares and splitting of shares. With this staggering figure, who will not look for his unclaimed shares and dividend of Reliance Industries? 

Why have your shares gone to IEPF?

As per the government rule, all the dividends on shares that have not been claimed for seven or more consecutive years are required to be transferred to Investor Education and Protection Fund (IEPF)  by the respective company. Transfer of shares to IEPF is mandatory for a company if the dividend is not claimed for seven consecutive years. Previously, if the investor didn’t claim the dividend, corporations would take advantage of the investor’s unawareness and keep the money for themselves. Later, after realising this oversight, the government passed the IEPF regulation, which requires companies to transfer shares that have not been claimed for seven years in a row.

What is IEPF and its Purpose?

The government of India introduced, the Investor Education and Protection Fund (IEPF), a regulatory framework to regulate and protect the fund of investors on 7th September 2016 under the provisions of section 125 of the companies act, 2013. 

 The responsibilities assigned to IEPF are to make refunds and recovery of shares, matured deposits/debentures, unpaid dividends, and to promote awareness among the investors. It also ensures reimbursement of legal expenses incurred in pursuing action suits by the depositors.

The procedure of unclaimed dividend and shares of Reliance Industries from IEPF authority

IEPF’s full form is Investors Education and Provident Fund. For an IEPF claim follow the steps given below

1. Access the IEPF-5 form on the MCA portal from the IEPF website. Claimants are advised to follow the instructions carefully from the instruction kit given on the IEPF website.
2. After completing the form, submit it. An acknowledgment will be generated with a  “Submit Request Number” (SRN). Please note this SRN for tracking purposes of the form in the future.
   
3. Take out the printout of the form along with the acknowledgment issued.
4. Now, submit the original copy of the indemnity bond, copy of acknowledgment, share certificate, and IEPF Form 5 along with a self-attested adhaar card, details of the bank account linked with the Aadhaar card in which the claim is to be received and Demat account number to Nodal officer (IEPF) of the company at its registered office in the envelope marked as “Claim for a refund from IEPF Authority”.
5. Now, the concerned company will verify the claim form and, on the basis of the verification report, the IEPF authority will issue the refund of unclaimed shares and dividends in the client account.
6. IEPF authorities must reply to the verification report sent by the company within 60 days. 

Refund from IEPF is a very long and tedious process, which might take more than 8-12 months because IEPF has only one office, which is situated in Delhi

How to Check Whether Reliance Industries Shares are in IEPF?

To check whether your Reliance Industries shares are in IEPF or not, follow the steps given below

1. Click here to proceed.
2. Fill in the details about the investor such as name, father name, folio number, DP-ID, Client-ID, and Account Number.
3. Finally, click on the search button.

Please Note: You can search using any of the following combinations

1. Investor Name and Father/Husband Name 
2. Folio Number (should be same as per the certificate)
3. DP-ID, Client-ID, and Account Number should be entered without any space and should be separated by a hyphen in the given format(DPID-ClientID-Account Number). 

Occasionally, the above link will not provide accurate information. In this case, the best course of action is to contact the company’s registrar. The annual Report of Reliance Industries includes the registrar’s name and email address.

Important Links for Reliance Industries IEPF and Share Transfer

Transfer of Shares Only in Demat Form

Standard list of documents required to be submitted with Form IEPF-5

FAQs on IEPF Claim Process

All Information about Reliance Industries IEPF Shares

Reliance industries IEPF nodal officer Details

– Nodal Officer for the IEPF Authority

Smt. Savithri Parekh
Nodal Officer (IEPF)
Reliance Industries Limited
3rd Floor, Maker Chambers IV, 222,
Nariman Point, Mumbai – 400 021
E-Mail: savithri.parekh@ril.com

– Deputy Nodal Officer for the IEPF Authority

Shri Vivin Mally
Deputy Nodal Officer (IEPF)
Reliance Industries Limited
3rd Floor, Maker Chambers IV, 222,
Nariman Point, Mumbai – 400 021
E-Mail: vivin.mally@ril.com