Top 5 Companies in IEPF with Highest Unclaimed Shares
Top 5 Companies in IEPF with Highest Unclaimed Shares (2025)
Millions of investors forget tiny holdings, change addresses, or miss dividend credits — and after seven years those unclaimed amounts (and sometimes the underlying shares) get transferred to the Investor Education & Protection Fund (IEPF). By value and frequency, a handful of large-cap names regularly top the lists of companies with the biggest unclaimed pools. Below is a concise rundown of the five companies most frequently cited for large unclaimed shares/dividends in recent IEPF disclosures and market reporting.
1. Reliance Industries Limited (RIL)
Reliance is often reported as the single largest contributor to the IEPF in terms of value — several analyses and news reports highlight thousands of crores worth of Reliance shares and dividends lodged with IEPF, making it the top name investors should check first when tracing dormant holdings. RIL maintains an investor portal with specific statements on unclaimed/unpaid dividends and shares liable for transfer.
The Economic Times
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2. HDFC Bank
HDFC Bank frequently appears on company-level IEPF/IEPF-1 disclosures because of its vast shareholder base. Large retail ownership, legacy folios (pre-demat), and missed communications contribute to unclaimed dividend and share listings — meaning many small-value holdings add up to significant totals. Institutional filings and IEPF transfer statements often list HDFC Bank among top companies with unclaimed items.
Moneylife
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3. Hindustan Unilever Limited (HUL)
HUL’s long history of dividend payouts and a dispersed retail shareholder base lead to recurring entries in ‘unclaimed dividends/shares’ notices. Like other perennial names, its investor relations pages and periodic disclosures show lists of unclaimed dividend folios and shares that may be transferred to IEPF if not claimed. This pattern makes HUL a high-probability candidate for investors searching for forgotten entitlements.
Moneylife
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4. Tata Steel (and other legacy industrials)
Older blue-chips such as Tata Steel — where share ownership spans multiple decades and many physical-folio holders — commonly show up on IEPF transfer listings. Tata Steel publishes specific unclaimed-dividend and share-transfer information for affected financial years, so investors with historical holdings should check those statements closely.
Tata Steel
5. ITC / JSW / Other large caps (tie region)
Depending on the year and the specific transfers being processed, large groups like ITC, JSW (and occasionally SBI, Titan, L&T) feature among the top contributors to IEPF by volume/value. The exact ranking shifts with each tranche of transfers (companies publish lists each year), but these household names recur because of their large shareholder bases and many years of dividend history.
www.slideshare.net
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Quick takeaway & what to do next
If you (or your family) invested in these companies years ago, check the company investor relations pages and the MCA/IEPF portal with your folio/DP-ID+Client-ID. Many companies publish FY-wise lists of unclaimed dividends and shares — a small search can recover substantial value. For a guided reclaim process and templates, my team at Care4Share helps people trace and file IEPF claims quickly. If you want, I can draft a step-by-step reclaim checklist you can use right away.
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