Demerger

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SMS Lifesciences India Limited (“the Company”) has demerged from SMS Pharmaceuticals Limited (demerged Company), pursuant to the Scheme of Arrangement as approved by the Hon’ble National Company Law Tribunal, Hyderabad Bench, vide Order No. C.P (CAA) No.7/230/232/HDB/2017 dated May 15, 2017.

Key Points :

➜➜ The semi-regulated units of Demerged Company transferred to the Company with effect from the appointed date i.e., April 01, 2016.
➜➜ 1 (one) Equity Share of ₹10/- each (fully paid-up) of the Company has been issued and allotted for every 28 (twenty eight) Equity Shares of Re.1/- each (fully paid-up) held by the shareholders in Demerged Company.

Timelines :

Date Title
May 15, 2017
June 23, 2017
August 1, 2017
August 10, 2017
August 17, 2017

Unclaimed fractional shares amount:

The unpaid sale proceeds in respect to the fractional shares pursuant to demerger order dated May 15, 2017, which are liable for transfer to the IEPF Authority pursuant to Section 124(6) of the Companies Act, 2013 read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 has been transferred to IEPF Account.

PROCEDURE FOR CLAIMING UNPAID AMOUNTS AND SHARES FROM THE INVESTOR EDUCATION AND PROTECTION FUND (IEPF) AUTHORITY

As per IEPF Rules, any person whose unclaimed or unpaid dividend amount and shares have been transferred by the Company to IEPF, may claim their unclaimed or unpaid amount and/or shares directly from the IEPF Authority by submitting an online application in Form IEPF-5. The said Form IEPF-5 is available on website

Follow the Following Procedure to Claim Refund

1. Claimant(s)/ Shareholder(s) are advised to approach to the Company/ Company’s Registrar and Transfer Agent, Aarthi Consultants Private Limited (“RTA”) for issue of Entitlement letter along with all the required documents before filing of IEPF-5 claim form with IEPF Authority.

2. Once the Entitlement letter is received from the Company/RTA, then please access IEPF-5 webform for filing the claim for refund. Read the instructions provided on the website/instruction kit along with the web form carefully before filling the form.

3. After filling the form, submit the duly filled form. On successful submission, an acknowledgement will be generated indicating the Service Request Number (“SRN”). Please note the SRN for future tracking of the form.

4. Take a printout of the duly filled IEPF-5 and the acknowledgement issued after uploading the form.

5. Submit the following documents to Mr. Trupti Ranjan Mohanty, Nodal Officer (for IEPF purpose) of the Company at the Corporate Office at Plot No.19-III, Road No.71, Jubilee Hills, Opp. Bharatiya Vidya Bhavan Public School, Hyderabad – 500096, in an envelope marked “Kind Attention: Mr. Trupti Ranjan Mohanty - Claim for refund from IEPF Authority” for initiating the verification for claim:

      1) Print out of duly filled and uploaded claim form IEPF-5; with claimant signature and if joint holders are involved than the Form should be signed by all the joint holders (on allpages);

      2) Copy of acknowledgement generated after uploading the claim Form IEPF-5;

      3) Original Indemnity Bond (auto generated after uploading the claim Form IEPF-5 with IEPF Authority) with signature of all claimants and witnesses. Please ensure to enter date, place and Signature of claimant(s) and witness with their addresses. Requirement of non-judicial stamp paper for Indemnity Bond is as below:

         ➜ In case of claim of only amount: - If amount is less than ₹10,000/-, Indemnity Bond can be executed on a plain paper. - If amount is ₹10,000/- or more, non-judicial stamp paper of appropriate value as prescribed under Stamp Act according to State.

         ➜ In case of claim of shares and amount both, non-judicial stamp paper of appropriate value as prescribed under Stamp Act according to State.

      4) Self-attested copy of Aadhar Card of the claimant and if there are joint holders, the copy of Aadhar card of all the joint holders is required.

      5) Self-attested copy of PAN Card of the claimant and if there are joint holders, the copy of PAN card of all the joint holders is required.

      6) Original Cancelled Cheque leaf containing name of the claimant(s). If name of claimant not printed on cheque, provide self-attested copy of first page of passbook.

      7) Client Master List (CML) of Demat Account of the claimant, duly self-attested by all the claimants and attested by the Depository Participant.

      8) Transaction Statement of demat account (In case where shares are in demat form are being claimed), wherein showing debit/ transfer of shares to IEPF, duly self-attested by all the claimants and attested by the Depository Participant.

      9) Entitlement letter issued by the Company/RTA.

      10) Self-attested copy of Passport, OCI and PIO card in case of foreigners and NRI.

      11) Proof of entitlement (certificate of share/Interest warrant/dividend warrant, Application No. etc.)

      12) In case any Joint holder is deceased, certified true copy of Death certificate to be attached.

      13) Other additional documents, in case of:

         ➜ Address mismatch as per Company’s records, please submit an Affidavit to this effect.

         ➜ Change in name in KYC documents, please submit an Affidavit to this effect.

         ➜ Any other additional documents related to claim, if any.

On receipt of all original documents complete in all respects and if found in order, the Company shall submit the online Verification Report to the IEPF Authority and on the basis of said Verification Report, refund may be released by the IEPF Authority in favour of claimants' Aadhaar linked bank account through electronic transfer in case of amount is being claimed and in case of shares are being claimed, the same may be credited to shareholder’s demat account by IEPF.