How to Convert Old Bharat Forge Share Certificates to Demat and Recover Them from IEPF

To convert an old Bharat Forge share certificate to demat, open a demat account in exactly the name printed on it, update your KYC with Bharat Forge’s registrar, MUFG Intime India (formerly Link Intime), and hand the certificate in through your broker or bank with a Demat Request Form. Certificates from before July 2005 show a face value of ₹10, and each of those shares is now five ₹2 shares, so the registrar matches them to the folio first. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5.

An old Bharat Forge certificate is also usually worth far more than the number printed on it. Bharat Forge has given free bonus shares four times, in 1976, 1981, 1988 and 2017, and split each ₹10 share into five ₹2 shares in 2005. So 100 shares bought in the late 1970s are 4,000 shares today, worth about ₹80.32 lakh at the 25 September 2026 price of ₹2,008. Holders in 2001 also received shares in BF Utilities, and through it in BF Investment. Those are two more holdings most families have never looked for.

Bharat Forge pays a dividend every year: ₹8.50 a share for 2025–26. When a folio does not cash any dividend for seven years in a row, its shares are moved to the IEPF. The company has written to the holders in its current batch, and their last date to claim is 30 November 2026. This guide covers every case: what your certificate is worth, the old ₹10 certificates, the BF Utilities and BF Investment shares, how to demat, how to check and claim from the IEPF, lost certificates, joint holders and shares of a holder who has died. If you would rather we checked your certificates for you, start with Find Your Shares.

How many Bharat Forge shares does an old certificate represent today?

It depends on when the shares were first registered in your family’s name. A ₹10 share registered before 1976 is 64 shares today; between 1976 and 1981, 40; between 1981 and 1988, 20; between 1988 and 2005, 10; and a ₹2 share from 2005 to 2017 is 2. Each bonus and the split was added on top of the last, so the oldest certificates have grown the most.

The 1976 bonus was 3 free shares for every 5 held. Where a holding did not divide evenly by 5, the folio received whole shares and was paid cash for the fraction, so your exact count can differ from the table by a share or two.

One point people often get wrong: the bonus shares were never hidden inside the old certificate. Each bonus arrived as a new certificate of its own, posted to the holder at the time. So there are two ways a family ends up holding its Bharat Forge shares:

• You have all the certificates: the original and every bonus certificate. Add up the numbers printed on them, then multiply by five if they are all ₹10 certificates from before 2005, and double that for the 2017 bonus. Do not use the table as well, or you count the bonuses twice.
• You have only the original certificate: use the table. The difference between that figure and what you hold on paper is the bonus and split certificates that are missing. They may be in another cupboard, still with the company, or already in the IEPF. They are still yours.

What matters is the date the shares were registered in your family’s name, not only the date printed on the certificate. If the purchase was close to a bonus date, the company’s register decides which side of the bonus the shares fall on.

Certificates showing a face value of ₹100 or ₹50 need the folio checked. Bharat Forge was founded in 1961, and its early shares had these larger face values before the ₹10 share was introduced around 1971. They can be worth a great deal today, but only the register gives the exact figure. The registrar can work it out from the folio, or we can.

What is Bharat Forge’s bonus, split and demerger history?

Four bonus issues, one split and one demerger. Here is every event that changed what an old Bharat Forge shareholder holds, from the company’s own records and exchange records:

The 2004 rights issue is where families most often go wrong. It was not free. The holder had to apply and pay, so shares from it exist only if someone in the family did. If they did, the new shares came on their own certificates, and those grew with the 2005 split and the 2017 bonus like any other. The same goes for other shares Bharat Forge issued for cash over the years: they belong only to people who paid for them.

Bharat Forge has also reorganised its own subsidiaries several times and raised money from large institutions in recent years. None of these changed the number of shares an existing shareholder holds. Only the events in the table did that.

What are 100 old Bharat Forge shares worth today?

Between about ₹2.01 lakh and about ₹1.35 crore, depending on when they were registered. These figures use the 25 September 2026 prices: ₹2,008 for Bharat Forge, ₹524.45 for BF Utilities and ₹442.40 for BF Investment. Share prices move every day, so treat the rupee values as a guide.

A family example

Say a grandfather bought 100 Bharat Forge shares of ₹10 in 1979. The 1981 bonus added a certificate for 100, and the 1988 bonus one for 200. That is 400 shares of ₹10 on three certificates.

In June 2001 he was sent 400 BF Utilities shares, one for each ₹10 share. In 2005 each ₹10 Bharat Forge share became five ₹2 shares, so 2,000. In 2010 the BF Utilities shares brought 400 BF Investment shares, and the 2017 bonus doubled the Bharat Forge shares to 4,000.

Today the family holds 4,000 Bharat Forge shares (about ₹80.32 lakh), 400 BF Utilities shares (about ₹2.10 lakh) and 400 BF Investment shares (about ₹1.77 lakh). That is about ₹84.19 lakh in all, from one certificate for 100 shares. Most families find only the 1979 certificate. The company’s register still shows everything.

Is an old ₹10 Bharat Forge share certificate still valid after the 2005 split?

Yes, the shares behind it are still yours, but the registrar matches the certificate to the folio before it can be dematted. In July 2005 Bharat Forge split every ₹10 share into five ₹2 shares. Shareholders on paper were to receive new ₹2 certificates in place of the old ₹10 ones.

So a family usually finds one of two situations:

• You have the ₹2 certificates from 2005 or later. These can be dematted in the normal way.
• You have only ₹10 certificates. The ₹2 certificates may have been posted and lost, returned undelivered, or never collected. Write to MUFG Intime with the folio number and copies of the ₹10 certificates. They will confirm how many ₹2 shares the folio holds and tell you how to have them credited to your demat account. If the ₹2 certificates are lost, it becomes a duplicate case (see below).

Either way, the number of shares does not shrink. The split multiplied the count by five and the 2017 bonus doubled it, so a ₹10 certificate for 50 shares is at least 500 shares today, and more if it was registered before the 1988 bonus.

Did Bharat Forge shareholders get BF Utilities and BF Investment shares?

Yes. Everyone on Bharat Forge’s register on 16 April 2001 received 1 BF Utilities share for every ₹10 Bharat Forge share, and in 2010 each BF Utilities share brought 1 BF Investment share. Both are listed companies today, and both holdings are easy to miss.

• BF Utilities Ltd was created in 2001 when Bharat Forge demerged its investments and windmills business. The shares, ₹5 each, were allotted on 16 June 2001. Paper shareholders were sent paper certificates. BF Utilities has had no bonus or split since, so the number on that certificate is still the number of shares.
• BF Investment Ltd took over BF Utilities’ investment business in 2010. Every BF Utilities shareholder on 12 March 2010 received 1 BF Investment share for each BF Utilities share, allotted on 15 March 2010. It has had no bonus or split either.

So a Bharat Forge folio from before 2001 is really three holdings. For every 100 Bharat Forge shares of ₹10 held in April 2001, there are 100 BF Utilities shares (about ₹52,445) and 100 BF Investment shares (about ₹44,240) at today’s prices.

Each is a separate company with its own folio and its own IEPF record. If their dividends went unclaimed for seven years, those shares may have moved to the IEPF too, on their own clock. Check and claim them under BF Utilities and BF Investment, not under Bharat Forge. MUFG Intime is the registrar for all three, which makes it simpler to trace them together.

Shares bought after 16 April 2001 did not bring BF Utilities shares. Those went to whoever was on the register on the record date. The same goes for BF Investment: only BF Utilities holders on 12 March 2010 received it.

What did Bharat Forge shareholders not get?

Apart from BF Utilities in 2001, exchange records show no demerger that gave Bharat Forge shareholders shares in another company. Because the Kalyani and Bharat names are on several listed companies, families often assume a Bharat Forge certificate includes them. It does not:

• Kalyani Forge Ltd. A separate listed company with its own shares and its own IEPF list. A Kalyani Forge certificate is not a Bharat Forge certificate, and the other way round.
• Kalyani Steels Ltd and Kalyani Investment Company Ltd. Separate listed companies. Kalyani Investment Company came out of Kalyani Steels, not out of Bharat Forge.
• Automotive Axles Ltd. Also part of the Kalyani group, but a separate listed company.
• Bharat Gears Ltd. Not a Kalyani company at all, despite the similar name.

If you hold certificates of any of these, they are separate holdings with their own registrars and their own IEPF records, not part of your Bharat Forge folio.

How do you check and claim an unclaimed Bharat Forge dividend?

Check the unclaimed dividend lists on Bharat Forge’s investor website, then claim from MUFG Intime if the dividend is less than seven years old. Bharat Forge pays an interim and a final dividend most years. Any dividend that is not cashed goes into an unpaid dividend account and waits there for seven years. After that it moves to the IEPF.

Step 1: find out what is unclaimed

• Bharat Forge’s investor website publishes the lists of unclaimed dividends and of shares due to move to the IEPF. Bharat Forge unclaimed dividend page and Bharat Forge IEPF page.
• The IEPF Authority’s search at iepfa.gov.in shows dividends and shares that have already moved. How to search the IEPF step by step.
• Search under every spelling of the holder’s name, and under BF Utilities and BF Investment too.

Step 2: claim a dividend that is less than seven years old

Write to MUFG Intime (Unit: Bharat Forge Limited) with the folio number, the dividends you did not receive, a cancelled cheque and a self-attested copy of your PAN card. For shares already in demat, send your client master list instead of the folio details.

Complete the folio’s KYC first. Since 1 April 2024, a paper folio is paid its dividend only electronically, and only if its KYC (PAN, bank account, contact details and signature) is complete. Without it the dividend is simply held back, and seven years of held-back dividends sends the shares to the IEPF.

Step 3: a dividend more than seven years old

It has already gone to the IEPF, and the only way to get it back is Form IEPF-5. How to recover a dividend from the IEPF.

The bigger point: an unclaimed dividend is a warning about the shares. At ₹8.50 a share, a folio of 4,000 shares misses about ₹34,000 a year. If it misses them for seven years in a row, the shares themselves, worth about ₹80.32 lakh, move to the IEPF too.

How do you convert old Bharat Forge share certificates to demat?

Open a demat account in exactly the name on the certificate, update the folio’s KYC with MUFG Intime, then hand the certificates in with a Demat Request Form through your broker or bank. For ₹10 certificates from before 2005, ask MUFG Intime to confirm the ₹2 share count first.

1. Open a demat account in the same name, or the same names in the same order for a joint holding.
2. Update KYC on the folio with Form ISR-1 (PAN, bank, contact details), and Form ISR-2 if your signature has changed. How to fix a signature mismatch.
3. Write “Surrendered for Dematerialisation” on each certificate and sign it as it was signed on the register.
4. Hand in the certificates with a Demat Request Form through your broker or bank. Put every certificate from the same folio on one form, including the bonus certificates. BF Utilities and BF Investment certificates go on separate forms, because they are separate companies.
5. The registrar checks the signature, the folio and the distinctive numbers against Bharat Forge’s register, and the shares arrive in your demat account, usually within a few weeks if the papers are in order.

Since April 2019, paper shares cannot be sold or transferred until they are in demat. There is no deadline to demat shares already registered in your own name. But the longer they stay on paper, the more likely it is that dividends go unclaimed and the shares move to the IEPF. The rules on physical shares in 2026.

How do you check if your Bharat Forge shares have gone to the IEPF?

If no dividend on the folio has been cashed for seven years in a row, the shares have very likely been moved to the IEPF. Bharat Forge moves a new batch each time a dividend passes seven years unclaimed. The current batch has a claim deadline of 30 November 2026.

• Bharat Forge’s investor website lists the holders and shares due to move to the IEPF, and the shares already moved. Bharat Forge IEPF page.
• The IEPF Authority’s search at iepfa.gov.in covers shares that have already moved. Search for “Bharat Forge Limited” and the holder’s name. How to search the IEPF.
• Search every old spelling of the holder’s name, and the joint holders’ names too.
• Repeat the search for BF Utilities and BF Investment. Each company moves its own shares on its own clock.
• Expect more than one entry if the family had more than one folio, for example shares bought at different times or held jointly with different people.

A certificate that the post office returned to the company undelivered may instead be in Bharat Forge’s unclaimed securities suspense account, which the registrar can check. If you find nothing anywhere, the shares are probably still on the register in the holder’s name, waiting to be dematted.

How do you recover Bharat Forge shares from the IEPF?

Get an entitlement letter from MUFG Intime, file Form IEPF-5 online on the Ministry of Corporate Affairs website, then send the signed papers to Bharat Forge or its registrar for verification. The company checks the claim and sends a verification report to the IEPF Authority, which credits the shares back to your demat account and refunds the dividends.

1. Open a demat account in the claimant’s name. For a joint folio, the same names in the same order.
2. Complete KYC with MUFG Intime and ask for an entitlement letter. It states how many shares and how much dividend on your folio went to the IEPF. Since October 2025 the entitlement letter is a mandatory part of every IEPF-5 claim.
3. File Form IEPF-5 on the MCA portal and note the SRN, your claim number. How to file IEPF-5 online.
4. Send the physical documents to Bharat Forge’s registered office in Pune or to MUFG Intime (marked “Unit: Bharat Forge Limited”): the signed IEPF-5 printout and acknowledgement, an indemnity bond on stamp paper, an advance stamped receipt, PAN, Aadhaar, a cancelled cheque, your client master list, the entitlement letter, and the original certificates if you have them.
5. Bharat Forge verifies and reports to the IEPF Authority. The rules give the company 15 days for its report and the Authority 60 days to decide: 75 days on paper. Real claims usually take much longer, because papers go back and forth. What to do when an IEPF claim is stuck.

Claim the whole folio, not the number on the paper. Claim only the 100 printed on a 1979 certificate and you leave 3,900 shares in the queue. The entitlement letter is based on Bharat Forge’s register, so it gives the full count, including bonus and split shares you may never have seen. BF Utilities and BF Investment shares in the IEPF need their own IEPF-5 claims, one per company.

What if the Bharat Forge share certificates are lost?

It depends on where the shares are now. If they are still with Bharat Forge, you need duplicate shares. If they have gone to the IEPF, you usually do not.

• Shares still with Bharat Forge: the registrar must first cancel the lost certificate and issue duplicate shares, credited straight to your demat account. This is the process in the next section.
• Shares already in the IEPF: when paper shares move to the IEPF, the company issues new certificates in the IEPF’s name and the old ones are cancelled. There is nothing left to duplicate. You claim with IEPF-5 and the entitlement letter, which is based on the company’s register, not on the paper in your hand.
• Only the bonus or ₹2 certificates are missing: this is very common, and those shares are still on the folio. If the folio’s dividends have been cashed, the shares are still with Bharat Forge and you apply for duplicates. If they have not, check the IEPF first.

Don’t know the folio number? Old dividend warrants, bank passbooks showing Bharat Forge dividend credits, bonus or split letters, BF Utilities allotment letters from 2001 or any company correspondence can give it. With the holder’s name and an old address, the registrar can usually trace the folio. Our lost shares recovery service starts from exactly this point.

How do you get a duplicate Bharat Forge share certificate?

Apply to MUFG Intime with Form ISR-4 and the documents SEBI sets for the value of your holding. The duplicate shares are then credited straight into your demat account. SEBI simplified these rules in December 2025, and duplicate shares are now issued in demat only.

What you need depends on what the lost shares are worth today:

• Up to ₹10,000: a simple undertaking on plain paper.
• ₹10,000 to ₹10 lakh: one standard affidavit-cum-indemnity bond.
• Above ₹10 lakh: the affidavit-cum-indemnity bond, plus a police report (FIR, e-FIR or police complaint) that mentions the folio, certificate numbers and distinctive numbers, plus a notice of the loss in a widely read newspaper.

With Bharat Forge, ₹10,000 covers only about 4 shares, and ₹10 lakh is about 498 shares at today’s price. A lost 1990 certificate for just 50 shares of ₹10 is 500 shares today, about ₹10.04 lakh, so it already needs the police report and the newspaper notice. Work out today’s count before you choose the documents.

1. Open a demat account first, in the same name (or names) as the folio. Since 2 April 2026 the registrar credits duplicate shares directly into demat. There is no longer a “Letter of Confirmation” to carry to your broker, so the account must exist before you apply.
2. Update KYC on the folio with Form ISR-1, and ISR-2 if your signature has changed.
3. Get the police report and newspaper notice if the holding is above ₹10 lakh. The registrar can give you the certificate numbers if you do not have them.
4. Submit Form ISR-4 to MUFG Intime with the affidavit-cum-indemnity bond, the police report and notice if needed, and your demat details.
5. The shares are credited to your demat account once the registrar completes its checks. SEBI expects about 30 days for a complete, correct application.

The full process is in our guide to reporting a lost share certificate.

What if the name or spelling on the certificate does not match?

Fix the name on the folio first, before you demat or file an IEPF claim, using Form ISR-1 and a document that proves both spellings belong to you. The registrar, the demat account and the IEPF claim must all show the same name. One mismatch and the papers come back.

This is very common with Bharat Forge folios that go back to the 1970s and 1980s. Typical cases:

• Initials on the certificate, full name on the PAN card: “S. R. Deshpande” against “Sunil Ramchandra Deshpande”.
• A woman’s maiden name on the certificate and her married name on everything else.
• Spelling changes over time: “Kulkarni” and “Kulkarny”, “Laxmi” and “Lakshmi”, a dropped middle name or surname.
• Titles and suffixes like “Smt.”, “Dr.” or “HUF” in one place and not the other.

The usual proof is a passport, a marriage certificate, a gazette notification, or a notarised affidavit that both names are the same person. Send it to MUFG Intime with Form ISR-1. Correct every certificate on the folio at the same time, including the bonus certificates, so they can be dematted together. If you also hold BF Utilities and BF Investment certificates, correct those folios too.

How do joint holders convert or claim Bharat Forge shares?

The demat account must be in the same names and in the same order as on the certificate, and every living holder must sign. The bonus certificates, and the BF Utilities and BF Investment certificates, normally carry the same names in the same order as the original.

• Everyone alive and available: open a joint demat account matching the certificates, complete KYC for every holder, and all sign the demat request.
• The names are in the wrong order for the demat account you want to use: ask the registrar to change the order (“transposition”) with Form ISR-4 before you demat.
• One joint holder has died: the surviving holders get the shares by having the deceased holder’s name deleted. You need a copy of the death certificate and the survivors’ KYC. No succession certificate, will or probate is needed for this.
• Every holder has died: this becomes a transmission to the legal heirs of the last surviving holder (next section).

For an IEPF claim on a joint folio, the IEPF-5 and the demat account follow the same rule. If one holder has died, delete their name through the registrar before you file.

What if the Bharat Forge shareholder has died?

The shares pass to the nominee or legal heirs through transmission, handled by MUFG Intime, and they are always credited in demat. If the shares have also gone to the IEPF, transmission and the IEPF claim happen together, and the heir files the IEPF-5.

SEBI’s new transmission rules have applied since 22 August 2026. They make this easier than it was:

• Simplified documents for physical shares worth up to ₹10 lakh per listed company, doubled from ₹5 lakh.
• Quick processing for physical holdings up to ₹10,000 where the claimant is a parent, spouse, child or parent-in-law. With Bharat Forge that is only about 4 shares.
• No blanket requirement for probate, and one combined affidavit-cum-NOC in place of separate papers. You still have to prove your entitlement if other heirs dispute it.
• 21 days for the registrar to process once all documents are in.

With an old Bharat Forge folio, the ₹10 lakh limit is reached quickly. It is about 498 shares today, so even 50 shares from 1990 are over it. The limit is per company, so BF Utilities and BF Investment are counted separately. Above the limit you usually need a succession certificate or legal heir certificate, unless there is a nominee or the other heirs give no-objection. Read more in our guides to transmission of shares and transmission without a succession certificate.

Why not just hand the certificates to a local lawyer or agent?

Because a claim is only as good as the holding traced behind it, and with Bharat Forge the certificate in your hand is rarely the whole holding.

Take the family with one 1979 certificate for 100 shares. A generalist sees “100 shares”, values it at about ₹2.01 lakh, and files on that. Under ₹10 lakh, they choose the simple documents. But the folio holds 4,000 Bharat Forge shares, about ₹80.32 lakh, and there are 400 BF Utilities and 400 BF Investment shares on two more folios. That is far over the ₹10 lakh line, where a duplicate needs a police report and a newspaper notice and a transmission usually needs a succession certificate. The application comes back and months are lost. And if the dividends went unclaimed, the shares may already be in the IEPF, waiting for claims that nobody has started.

We work the other way round. We trace the complete holding first: the original, every bonus certificate, the 2005 split, the BF Utilities and BF Investment shares, every folio, every IEPF transfer. Then a vetted local partner handles the paperwork where you live (affidavits, police report, newspaper notice, succession papers) on the full holding, the first time.

There is also the question of who is paid for what. A lawyer or agent is paid whether or not your shares ever arrive. We are not. Zero advance — you pay only once the shares are credited to your demat account. So we only get paid if the whole chain works.

Bharat Forge’s registered office is in Pune, where our local partner can handle the paperwork. Share recovery in Pune. But the IEPF claim itself is decided in Delhi, where the IEPF Authority sits. Our team is in Delhi, so we can follow your file up in person, not by letter from another city. For an IEPF claim, what matters is who is closest to the office that holds your file.

The document is only the start. After it come the KYC, the entitlement letter, the verification, the demat credit, and a transmission if the holder has died. Anyone can get you a piece of paper. We get you the shares. See how our IEPF claim service works.

Dates you should know about

30 November 2026 is the last date to claim for the current IEPF batch. It covers folios with no dividend cashed for seven years in a row. The batch before it had a deadline of 31 August 2026. New batches follow each year.

1976, 1981, 1988 and 2017 are the bonus years, and July 2005 is the split. These decide how to read an old Bharat Forge certificate: before 1976, 64 shares today for every ₹10 share; between 1976 and 1981, 40; between 1988 and 2005, 10.

16 April 2001 is the record date for BF Utilities, and 12 March 2010 for BF Investment. Holders on those dates received 1 new share for every share held.

4 February 2027 is when SEBI’s special window for old physical transfers closes. It covers transfer deeds signed before 1 April 2019 that were rejected, returned or never processed, for example Bharat Forge shares bought on paper and never registered in the buyer’s name. Shares already moved to the IEPF are not covered. The full rules of the window.

Holding other old engineering and automobile certificates too? See what happened to Kirloskar group shares, Force Motors and Bajaj Tempo shares, Mahindra & Mahindra shares and Bosch (MICO) shares.

Not sure how many Bharat Forge shares your family really holds, or whether the bonus or BF Utilities shares have gone to the IEPF? Start with Find Your Shares →

Frequently Asked Questions

Has Bharat Forge ever issued bonus shares?
Yes, four times: 3 for 5 in 1976, 1 for 1 in 1981, 1 for 1 in 1988 and 1 for 1 in 2017. Bharat Forge also split each ₹10 share into five ₹2 shares in 2005. So 100 shares registered between 1976 and 1981 are 4,000 shares today.

How many Bharat Forge shares do 100 old shares become today?
It depends on when they were registered. 100 ₹10 shares from before 1976 are 6,400 shares today, about ₹1.29 crore at the 25 September 2026 price of ₹2,008. From 1976 to 1981 they are 4,000, from 1981 to 1988 2,000, from 1988 to 2005 1,000, and 100 ₹2 shares from 2005 to 2017 are 200.

Is an old ₹10 Bharat Forge share certificate still valid?
The shares behind it are still yours. In July 2005 every ₹10 share was split into five ₹2 shares, and paper holders were to receive new ₹2 certificates. If you hold only the ₹10 certificates, write to MUFG Intime with the folio number; they will confirm the ₹2 share count and how to get it into your demat account.

Did Bharat Forge shareholders get BF Utilities shares?
Yes. Shareholders on 16 April 2001 received 1 BF Utilities share of ₹5 for every ₹10 Bharat Forge share, allotted on 16 June 2001. In 2010 every BF Utilities shareholder on 12 March 2010 also received 1 BF Investment share for each BF Utilities share. Both are separate listed companies with their own folios and IEPF records.

Is Kalyani Forge the same as Bharat Forge?
No. Kalyani Forge Ltd is a separate listed company with its own shares, registrar and IEPF list. Kalyani Steels, Kalyani Investment Company and Automotive Axles are also separate companies, and Bharat Gears is not a Kalyani company at all. A Bharat Forge certificate gives no shares in any of them.

Who is the registrar (RTA) for Bharat Forge?
MUFG Intime India Private Limited, which was called Link Intime India until it changed its name at the end of 2024. It handles demat requests, KYC updates, unclaimed dividends, duplicate certificates, transmission and IEPF entitlement letters for Bharat Forge, and is also the registrar for BF Utilities and BF Investment.

How do I check Bharat Forge unclaimed shares and dividends?
Bharat Forge’s investor website publishes the unclaimed dividend lists and the details of shares due to move to the IEPF. Shares and dividends that have already moved can be searched on the IEPF Authority’s website, iepfa.gov.in. Search under every spelling of the holder’s name, and repeat the search for BF Utilities and BF Investment.

When does Bharat Forge transfer shares to the IEPF?
Whenever a folio has not cashed any dividend for seven years in a row. Bharat Forge pays interim and final dividends, so batches move more than once a year. The current batch has a last date to claim of 30 November 2026; the batch before it had a deadline of 31 August 2026.

How do I claim Bharat Forge shares from the IEPF?
Open a demat account, complete KYC with MUFG Intime and get an entitlement letter. Then file Form IEPF-5 on the Ministry of Corporate Affairs website and send the signed form, an indemnity bond, an advance receipt, your ID, a cancelled cheque, the client master list and the entitlement letter to Bharat Forge’s registered office in Pune or to MUFG Intime. The company verifies the claim and reports to the IEPF Authority, which credits the shares to your demat account.

I have lost my Bharat Forge share certificate. What do I do?
If the shares are still with Bharat Forge, open a demat account, then apply to MUFG Intime for duplicate shares with Form ISR-4. Up to ₹10 lakh, about 498 Bharat Forge shares at today’s price, you need a standard affidavit-cum-indemnity bond; above that you also need a police report and a newspaper notice. If the shares have already moved to the IEPF, you do not need a duplicate: you claim with Form IEPF-5.

What if the Bharat Forge shareholder has died?
The shares pass to the nominee or legal heirs by transmission through MUFG Intime, and are credited in demat. Simplified documents apply to physical shares worth up to ₹10 lakh per company, which with Bharat Forge is only about 498 shares. Above that, heirs usually need a succession certificate or legal heir certificate, unless there is a nominee or the other heirs give no-objection.

Do I have to pay SharesRecover anything upfront?
No. Zero advance — you pay only once the shares are credited to your demat account.