Retrieve old Larson & Toubro Limited (L&T) Shares from IEPF by Kinheritance

Have you discovered old Larsen & Toubro Limited (L&T) share certificates in your family documents? Are your L&T shares missing from your demat account, or have the related dividends remained unclaimed for several years? These shares may have been transferred to the Investor Education and Protection Fund (IEPF).

The good news is that eligible shareholders, nominees, legal heirs and successors can apply to recover shares and unpaid dividends from the IEPF Authority. However, the process involves tracing the investment, arranging accurate documents, filing Web-Form IEPF-5 and coordinating with the company and its Registrar and Transfer Agent (RTA). Kinheritance helps families and investors manage this process with greater clarity and efficiency.

Why Are Old L&T Shares Transferred to IEPF?

Under Section 124 of the Companies Act, 2013, dividends that remain unpaid or unclaimed for seven years are transferred to the IEPF. In certain circumstances, the underlying shares related to such dividends are also transferred to the IEPF Authority. The transfer generally occurs when dividends on the shares have remained unclaimed for seven consecutive years.

This does not mean that the shareholder permanently loses ownership rights. The shareholder or eligible claimant may submit a claim to the IEPF Authority by filing Web-Form IEPF-5 and providing proof of entitlement.

Old L&T investments can be particularly difficult to trace because they may involve:

• Physical share certificates issued many years ago.

• Folios registered at an old address.

• Changes in the shareholder’s name or residential status.

• Joint holdings where one shareholder has passed away.

• Shares held by parents or grandparents.

• Unclaimed dividends accumulated over several years.

• Bonus issues, splits, demergers or other corporate actions.

• Share certificates that have been lost, damaged or misplaced.

L&T’s investor information also records several historical bonus issues, including bonus issues in 2006, 2008, 2013 and 2017. Therefore, the number of shares originally purchased may not be the same as the current entitlement after applicable corporate actions.

How to Check Whether Your L&T Shares Are in IEPF

Before starting the claim process, you should confirm the status of the shares and dividends. Begin by collecting every available record, including old certificates, dividend warrants, folio numbers, demat statements, correspondence from L&T or KFin Technologies, and documents belonging to the original shareholder.

You can then take the following steps:

1. Search the IEPF and company records using the shareholder’s name, folio number and company details.

2. Check the list of shares and dividends transferred by Larsen & Toubro Limited to IEPF.

3. Contact L&T’s RTA, KFin Technologies Limited, to request an Entitlement Letter.

4. Compare the entitlement details with your old certificates, family records and demat statements.

5. Verify whether the claimant is the original shareholder, nominee, legal heir or authorised representative.

L&T states that claimants should contact KFin Technologies for an Entitlement Letter before filing Web-Form IEPF-5. The letter generally contains important information about the shares and dividends transferred to IEPF and helps the claimant complete the form correctly.

Documents Required to Reclaim L&T Shares

The exact documents may differ depending on whether the claim is made by the original shareholder, nominee, legal heir or successor. A typical claim may require the following:

• Copy of PAN card.

• Proof of identity and address.

• Passport-size photograph, wherever required.

• Original share certificates, if available.

• Folio number and old investment records.

• Entitlement Letter from L&T or its RTA.

• Client Master List (CML) or demat account proof.

• Cancelled cheque or bank account proof.

• Signed copy of Web-Form IEPF-5 and its acknowledgment.

• Indemnity Bond and Advance Stamped Receipt, as applicable.

• Death certificate of the original shareholder in a legal-heir claim.

• Succession certificate, probate, letter of administration or other succession documents, wherever applicable.

• No-objection declarations or affidavits from other legal heirs, when required.

• Notarised or attested documents, depending on the claim structure and applicable requirements.

If the original shareholder is deceased, the legal heir must establish a clear connection with the deceased shareholder. A claim may become more complex when there is no nomination, multiple legal heirs, incomplete succession documentation or a mismatch in names.

Applicants should avoid sending incomplete, inconsistent or unsigned documents. Even a small mismatch in the folio number, name, address, PAN, bank account or demat details can lead to queries and delays.

Step-by-Step Process to Recover L&T Shares from IEPF

1. Trace the investment

Start with old share certificates, dividend documents, bank records, income-tax files and family papers. Note the shareholder’s full name, folio number, certificate number, distinctive numbers and the number of shares shown on the certificate.

If you do not have the certificate, do not assume that the investment is lost. Company and RTA records may still help identify the holding.

2. Obtain the Entitlement Letter

Contact KFin Technologies Limited, the RTA for Larsen & Toubro Limited, and request the Entitlement Letter. The RTA’s records can help confirm the number of shares and dividends transferred to IEPF.

According to the L&T investor FAQ, KFin Technologies can be contacted . The company also provides its investor-services information and claim instructions through its official website

3. Open or activate a demat account

IEPF shares are generally returned in electronic form. The claimant should therefore have an active demat account with accurate name, PAN and bank details.

For inherited shares, the demat account may need to be opened in the name of the eligible claimant. If the claimant is an NRI, additional banking, KYC, tax and repatriation considerations may apply. It is advisable to obtain guidance from the relevant bank, Depository Participant or qualified professional before submitting the claim.

4. File Web-Form IEPF-5

After verifying the entitlement, file Web-Form IEPF-5 through the Ministry of Corporate Affairs and IEPF portal. The form requires details such as:

• Claimant’s personal information.

• PAN and contact details.

• Company name and CIN, where required.

• Folio number and share details.

• Dividend information.

• Demat account details.

• Bank account information.

• Details of the original shareholder, where the claim is made by a legal heir or successor.

After submission, an acknowledgment and Service Request Number (SRN) are generated. Preserve the SRN carefully because it is useful for tracking and correspondence.

5. Prepare and send the physical documents

Print and sign the submitted IEPF-5 form and prepare the supporting document set. The signed acknowledgment and relevant documents must be sent to the company or its designated Nodal Officer for verification.

L&T’s published instructions identify the company’s Nodal Officer and provide an address for sending claim documents:

Deputy Nodal Officer
Larsen & Toubro Limited
L&T House, N. M. Marg
Ballard Estate, Mumbai – 400 001

Before dispatching documents, claimants should verify the latest address and requirements on the official L&T investor-services page, as company instructions may be updated.

6. Company and RTA verification

L&T and its RTA review the claim, compare the submitted records with company data and may raise queries if information is incomplete or inconsistent. In a legal-heir claim, the company may seek additional succession documents or declarations.

This is often the most time-consuming stage because old holdings can involve multiple folios, deceased shareholders, historical corporate actions and discrepancies in names or addresses.

7. Credit of shares and payment of dividends

If the claim is approved by the IEPF Authority, the recovered L&T shares are credited to the claimant’s demat account. Eligible unpaid dividends are paid to the approved bank account after completion of applicable verification and statutory requirements.

The final number of shares may reflect corporate actions such as bonus issues, splits or demergers. This is why it is important to verify the entitlement rather than relying only on the number printed on an old certificate.

How Kinheritance Helps

Recovering old L&T shares from IEPF is not just an online form-filling exercise. It may require investment tracing, family-document review, legal-heir coordination, demat support, document preparation and follow-up with the company and RTA.

Kinheritance can assist with:

• Identifying and tracing old L&T shareholdings.

• Reviewing physical certificates and folio details.

• Coordinating for the Entitlement Letter.

• Understanding bonus, split and demerger adjustments.

• Preparing the IEPF-5 claim documentation.

• Supporting nominee and legal-heir claims.

• Organising affidavits, indemnity bonds and succession documents.

• Coordinating with the RTA and company’s Nodal Officer.

• Tracking queries and claim progress.

• Supporting NRIs and families dealing with inherited investments.

Our objective is to make the process structured, transparent and easier to manage for investors who may not be familiar with IEPF procedures.

Common Mistakes to Avoid

• Filing IEPF-5 before confirming the correct entitlement.

• Entering an incorrect folio number or shareholder name.

• Using a demat account with a name or PAN mismatch.

• Forgetting to include bonus or corporate-action entitlements.

• Sending unsigned or incomplete documents.

• Ignoring the requirement for succession documents.

• Sharing original documents without retaining copies and dispatch proof.

• Relying on unofficial websites for company contact details.

• Assuming that an NRI claim is identical to a resident shareholder’s claim.

Do not share OTPs, passwords or complete banking credentials with unauthorised agents. Always verify communication received in the name of the company, RTA or IEPF Authority.

Testimonial

Suresh Agrawal ,Faridabad 

“Kinheritance helped our family trace and recover our old L&T shares that had remained untouched for several years. Their team explained the documentation and guided us through the claim process.”