How to Recover Shares from IEPF – Marico Limited Share Recovery Guide

Most people have unclaimed investments held by the IEPF Authority and are unaware of them. When they suddenly discover old physical share certificates or learn that they have lost shares after their parents' demise, who may have invested in the company, they seek the services of a share recovery firm like Share Samadhan to help them recover the lost shares.

The process works like this. When dividends are unclaimed for over 7 consecutive years, they are transferred to the IEPF Authority and held by it until a legal claim is made for the shares and dividends. The share recovery process may seem easy on paper. Still, in reality, it can be quite time-consuming and tiresome, especially if you are living abroad and cannot travel frequently to India to get the work done.

To recover shares from IEPF, you first need to check if your shares have been transferred to the custody of IEPF, and then you can begin the claims process. Today, we are going to look at how to reclaim any lost, forgotten, or unclaimed shares of Marico Limited.

About Marico Limited

Founded in 1990 and headquartered in Mumbai, Marico Limited is one of India’s leading consumer goods companies, known for its strong presence in the beauty, wellness, and personal care sectors. The company owns several well-recognised brands, including Parachute, Saffola, Livon, and Set Wet. Over the years, Marico has built a significant market presence not only in India but also across Asia and Africa, serving millions of consumers through its diverse portfolio of health, beauty, and food products.

Marico Limited is listed on major Indian stock exchanges and has earned a reputation for innovation, sustainability, and consistent financial growth. The company focuses heavily on research, digital transformation, and consumer-centric product development to maintain its leadership in the FMCG industry. With a widespread distribution network and a strong commitment to quality and corporate governance, Marico continues to expand its global footprint while creating long-term value for shareholders and stakeholders alike.

Historical Data on the Shares Issued by Marico Limited

Marico Limited has witnessed significant growth in its market valuation and shareholder base since its listing on the Indian stock exchanges.

Over the years, the company’s share price has reflected its strong position in the FMCG sector, supported by consistent revenue growth, brand expansion, and investor confidence. Marico’s stock has historically delivered strong long-term returns, particularly due to the success of flagship brands such as Parachute and Saffola.

The company also rewarded shareholders through multiple bonus issues and stock splits, making the shares more accessible to retail investors. According to historical stock data, Marico undertook several corporate actions, including bonus issues in 2002, 2004, and 2015, all in the ratio of 1:1.

Marico has also carried out stock splits over the years to improve liquidity and trading participation in the market. Historical records indicate that the company implemented stock splits and face value adjustments in 2000, 2002, 2004, 2007, and 2015.

One of the most significant corporate actions occurred in February 2007, when the company split its shares in a 10:1 ratio, reducing the face value from ₹10 to ₹1 per share.

Later, in December 2015, Marico again announced a 2:1 stock split/bonus-related adjustment that further increased the number of outstanding shares. As a result of these cumulative corporate actions, one original share purchased in the early 2000s would now represent a substantially larger holding today.

In addition to its stock market performance, Marico Limited has expanded aggressively through acquisitions and international business growth. The company strengthened its global presence by acquiring regional brands and businesses across Asia and Africa, particularly in the beauty, wellness, and personal care sectors.

Over the years, Marico acquired companies such as Egypt-based hair styling brand HairCode and expanded its international operations in countries like Bangladesh, Vietnam, South Africa, and the Middle East.

These strategic acquisitions helped diversify the company’s product portfolio and reduce dependence on the domestic Indian market. Marico’s expansion strategy, combined with strong corporate governance and steady financial performance, has played a key role in sustaining investor confidence and driving long-term shareholder value.

How to claim unclaimed dividends and shares of Marico Limited from IEPF

To recover the unclaimed shares and dividends of Marico Limited from IEPF, follow these steps:

STEP 1: PREREQUISITES

To check whether your Marico Limited shares or unpaid dividends have been transferred to the Investor Education and Protection Fund (IEPF), you can search the records maintained by the company or the IEPF Authority.

Companies are legally required to publish details of shareholders whose shares and dividends have been transferred to the IEPF after remaining unclaimed for seven consecutive years.

For Marico Limited, you can visit the company’s Investor Relations or IEPF section on its official website and search the list of shareholders whose shares have been transferred to the IEPF.

Typically, you can search using the shareholder’s name, folio number, DP ID/Client ID, or other shareholding details. If your name appears on the list, it means the shares and/or dividends have already been moved to the IEPF Authority.

You can also verify the status through the official IEPF Authority website. On the portal, companies upload details of unclaimed dividends and transferred shares, which can help shareholders identify whether any amount or securities are pending recovery. Additionally, you may contact the company’s Registrar and Transfer Agent (RTA) or IEPF Nodal Officer for confirmation. They can assist you in checking historical shareholding records and guide you through the recovery process if your shares have been transferred.

STEP 2: CREATE AN ACCOUNT ON THE IEPF PORTAL TO FILL OUT FORM IEPF 5

You will need to create your account on the IEPF MCA Portal if you wish to fill out IEPF- 5. Once you have created your account on the MCA portal, you need to gather certain documents and enter their details. The list of documents is as follows:

1. Entitlement Letter from the Company’s RTA
2. Aadhaar Number
3. Passport, OCI, PIO Card Number
4. PAN details
5. CIN of the company
6. Succession certificate/Probate/Will (if necessary)
7. Copy of death certificate (if necessary)
8. No objection certificate from other holders
9. Indemnity Bond and Surety Affidavit
10. Folio Number
11. Demat account number
12. Bank account details

Step 3: Submission of Documents to the Company

After successfully filing Form IEPF-5, the claimant must send a physical copy of the form along with supporting documents to the company’s IEPF Nodal Officer or Registrar. The envelope should be clearly labelled “Claim for Refund from IEPF Authority.” The required documents generally include a signed copy of Form IEPF-5, the SRN acknowledgement receipt, original indemnity bond executed on appropriate non-judicial stamp paper, original advance stamped receipt signed by the claimant and witnesses, and proof of ownership such as share certificates or Demat transaction statements. Additional documents such as Aadhaar card, cancelled cheque, Demat client master list, and Passport/OCI/PIO documents (for NRIs and foreign nationals) must also be enclosed wherever applicable.

Step 4: Verification by the Company

Once the company receives the claim documents, it verifies the authenticity of the application and supporting records. The company is required to complete this verification process and prepare a verification report within 15 days of receiving the claim. After verification, the company forwards the report along with all relevant documents to the IEPF Authority for further examination and approval.

Step 5: Approval, Refund, and Transfer of Shares

Upon receiving the verification report from the company, the IEPF Authority reviews the application and processes the claim, typically within 60 days. If the claim is approved, the competent authority issues a refund sanction order. Thereafter, the Drawing and Disbursing Officer forwards the payment bill to the Pay and Accounts Officer for processing the refund. The approved refund amount is credited directly to the claimant’s registered bank account, while the reclaimed shares are transferred electronically to the claimant’s Demat account.

The Role of Share Samadhan in the Recovery of IEPF Unclaimed Dividend and Shares of Marico Limited

Share Samadhan is a reputed share recovery firm based in Delhi with more than 14 years of experience in recovering lost, forgotten, and unclaimed shares and dividends transferred to the Investor Education and Protection Fund (IEPF). The firm assists both resident Indians and NRIs in reclaiming investments transferred to the IEPF Authority, offering end-to-end support throughout the recovery process.

Recovering shares and dividends of Marico Limited from the IEPF can often be a lengthy and document-intensive process, especially for NRIs and families dealing with old investments. From arranging paperwork to coordinating with registrars and authorities, many claimants find the procedure overwhelming and difficult to complete without professional assistance.

Share Samadhan simplifies the entire recovery journey by providing personalized support through a dedicated relationship manager who assists at every stage of the claim process. Their team helps investors navigate procedural requirements, documentation, verification, and follow-ups with the relevant authorities.

If you have unclaimed, lost, or forgotten shares and dividends of Marico Limited, you can connect withShare Samadhan at 8800332200 or write to samadhan@sharesamadhan.com for assistance.

The firm provides support in resolving several share-related concerns, including:

• Recovery of unclaimed dividends and shares
• Transmission and legal heir documentation
• Dematerialisation of physical share certificates
• Preparation and verification of claim documents
• End-to-end assistance with the IEPF claim process
• Coordination with RTAs and company authorities

Frequently Asked Questions

1. On which exchanges is Marico listed?

Marico Limited is listed on India’s two major stock exchanges:

• Bombay Stock Exchange (BSE) — BSE Code: 531642
• National Stock Exchange of India (NSE) — NSE Symbol: MARICO

The company’s equity shares are traded under the ISIN code INE196A01026 and form part of several major market indices related to the FMCG sector and broader Indian equity markets.

1. How to check if old share certificates are still valid?

Old share certificates can still be valid if the shares remain in the shareholder’s name and have not been transferred, dematerialised, or moved to the Investor Education and Protection Fund (IEPF). However, because many companies have undergone stock splits, bonus issues, mergers, name changes, or compulsory Demat requirements over the years, it is important to verify the current status of the certificates before attempting to sell or claim them.

For Marico Limited or any other listed company, the first step is to check the details mentioned on the certificate, including the shareholder's name, folio number, certificate number, and number of shares. You should then contact the company’s Registrar and Transfer Agent (RTA) or the company’s investor relations department to confirm whether the certificates are still active and whether the shares are still registered in the shareholder’s name. The RTA can also inform you if the shares have been split, consolidated, dematerialised, or transferred to the IEPF due to unclaimed dividends.

You can also verify the company’s corporate history to determine whether any bonus issues, stock splits, mergers, or face value changes have affected the original certificates. In many cases, old certificates remain legally valid even if the number of shares or face value has changed due to corporate actions. If the shares are still active, the shareholder may need to convert the physical certificates into Demat form before transferring or selling them, as SEBI regulations generally prohibit the transfer of physical shares except in certain cases, such as transmission or IEPF claims.

If the certificates are lost, damaged, or the shareholder’s details have changed, the shareholder may need to apply for duplicate share certificates or complete KYC updates before proceeding further. In cases where the shares have already been transferred to the IEPF, the shareholder must file a claim through Form IEPF-5 to recover the shares and related benefits.

1. What is an entitlement letter?

An entitlement letter is a document issued by the company or its Registrar and Transfer Agent (RTA) confirming that you are the rightful owner or claimant of the shares, dividends, or other securities transferred to the IEPF. This document is often required when the original share certificates are lost, when there is a transmission or succession claim, or when additional proof of ownership is needed during the IEPF recovery process.

To obtain an entitlement letter for Marico Limited shares, the claimant must contact the company’s Registrar and Transfer Agent or the IEPF Nodal Officer with the relevant shareholder details. Generally, you will need to provide documents such as the shareholder’s PAN card, Aadhaar card, client master list of the Demat account, proof of shareholding, dividend warrants (if available), and KYC documents. In cases involving deceased shareholders, additional documents such as a death certificate, succession certificate, probate, or legal heir documents may also be required. After verifying the records, the company or RTA issues the entitlement letter confirming the claimant’s eligibility to recover the shares or dividends from the IEPF.

The request for an entitlement letter is usually submitted through a written application or email to the company/RTA along with supporting documents. Many companies also provide downloadable formats and guidance on their investor relations or IEPF sections of their official websites. Once issued, the entitlement letter must be attached to the IEPF claim documents while filing or supporting Form IEPF-5.

1. Can a joint shareholder (registered on the company records) file a claim for shares held jointly?

Yes, a joint shareholder whose name is officially recorded in the company’s records is eligible to file a claim for shares transferred to the IEPF. While submitting Form IEPF-5, the claimant must mention the details of all joint holders associated with the shares.

After filing the form, the indemnity bond must be signed by all joint shareholders involved in the claim. In addition, valid identity proofs of each joint holder are required to be submitted along with the claim documents to complete the verification process successfully.

1. Can legal heirs recover shares transferred to the IEPF after the death of a shareholder?

Yes, legal heirs are eligible to claim shares and unclaimed dividends transferred to the IEPF on behalf of a deceased shareholder. To initiate the process, the claimant must file Form IEPF-5 and submit supporting documents such as the death certificate, legal heir certificate, succession certificate, or other documents required by the company and the IEPF Authority for verification.