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Indian Oil Corporation Limited (IOCL) is one of India’s largest and most prominent public sector undertakings (PSUs), playing a crucial role in the country’s petroleum industry. Established in 1964, IOCL operates across various sectors, including refining, pipeline transportation, and marketing of petroleum products such as LPG, petrol, diesel, aviation fuel, and lubricants. The company has a dominant market position with over 50% market share in India and is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Despite IOCL’s strong reputation and market presence, several shareholders may find their dividends or shares unclaimed due to various reasons. As per the Companies Act, 2013, unclaimed dividends and corresponding shares are transferred to the Investor Education and Protection Fund (IEPF) if they remain unclaimed for seven consecutive years. This blog provides an in-depth guide on how IOCL shareholders can recover their unclaimed shares and dividends from IEPF and safeguard their investments.
IOCL operates an extensive network of refineries, pipelines, and distribution centers, ensuring a seamless supply chain for petroleum products across India. The company has a vast infrastructure that includes:
Over 31,000 km of pipelines, transporting crude oil and petroleum products.
A network of international operations in Sri Lanka, Mauritius, the UAE, Singapore, and the USA.
Multiple subsidiaries, including Chennai Petroleum Corporation Limited, IndianOil (Mauritius) Ltd., Lanka IOC PLC, and IOCL Singapore Pte Ltd.
Additionally, IOCL has taken significant strides in sustainability and digital transformation by introducing clean energy initiatives such as biofuel production, solar power installations, and electric vehicle charging stations.
Shares and dividends in IOCL may remain unclaimed due to several reasons, including:
Change of Address: Shareholders who have changed residences but failed to update their contact details with the company.
Inactive Bank Accounts: If dividend payments are issued to inactive or closed bank accounts.
Lost Share Certificates: Physical share certificates misplaced by shareholders.
Legal Heirs Unaware of Investments: If the original shareholder passes away and the heirs are unaware of the investments.
Neglecting Communication: Shareholders ignore email and postal notifications regarding dividend payouts.
To avoid financial losses, it is crucial for investors to regularly track and claim their unclaimed IOCL shares and dividends before they are transferred to the IEPF.

How to Claim Unclaimed IOCL Shares and Dividends from IEPFTo determine whether your IOCL shares or dividends have been transferred to IEPF:
Visit the IEPF website: https://www.iepf.gov.in/IEPF/refund.html
Enter your name, Folio/DP ID, or Demat account details to check if your assets are listed under IEPF.
Once eligibility is confirmed, the following documents must be arranged:
Copy of PAN Card
Copy of Aadhaar Card
Bank Passbook or a Canceled Cheque (to receive the refund)
Copy of Share Certificate or Demat Account Statement
Indemnity Bond (Notarized on Stamp Paper)
Affidavit (Notarized on Stamp Paper)
Form IEPF-5 (Downloaded from the IEPF Website)
Fill out Form IEPF-5 online and submit it through the official portal.
Download and print the form, attach the necessary documents, and send them to IOCL’s Nodal Officer at its registered office.
The company will verify the documents before forwarding the claim to the IEPF Authority.
The IEPF Authority will review and verify the claim.
Once approved, the shares will be credited back to the investor’s Demat account.
The unclaimed dividends will be transferred to the registered bank account.
Log in to the IEPF website.
Enter your acknowledgment number to check the claim status.
The system will display whether the claim is pending verification, under process, approved, or rejected.
Claiming unclaimed shares ensures investors regain access to their investments, which may have increased in value over time.
Reclaiming shares prevents loss of ownership and protects shareholder rights.
Unclaimed shares may lead to legal issues, especially in cases of inheritance. Filing a claim helps avoid such complications.
The structured process of claiming through IEPF ensures easy recovery of lost assets.
While the process of reclaiming IOCL shares and dividends through IEPF is clearly defined, it can be time-consuming and complex, especially if key documents are missing. Share Samadhan is a professional service provider that helps investors recover their unclaimed shares and dividends effortlessly.
✔ Expert Assistance – Ensures correct documentation and error-free submission.
✔ End-to-end Support – Handles the claim process from start to finish.
✔ Faster Processing – Coordinates with IOCL and IEPF authorities to expedite claims.
✔ Legal Guidance – Assists in inheritance claims and resolving legal complexities.
If your IOCL shares and dividends are stuck in IEPF, contact Share Samadhan today to recover your assets without hassle.
You can check the status on the IEPF website by entering your Folio/DP ID or Demat account details.
If left unclaimed indefinitely, these shares remain under IEPF, making them harder to retrieve later.
Yes, legal heirs can claim inherited shares by submitting succession certificates or legal heir documents.
The process generally takes 3 to 6 months, depending on the verification process.
Yes, Form IEPF-5 can be filed online, followed by physically submitting the required documents.
Reclaiming your IOCL shares and dividends ensures that your investments remain safe and accessible. Stay informed, act proactively, and secure your financial future!