How to Convert Bosch Share Certificates to Demat and Recover Them from IEPF

To convert an old Bosch share certificate to demat, open a demat account in exactly the name printed on it, update your KYC with the registrar (Integrated Registry Management Services in Bengaluru), and hand the certificate to your broker or bank with a demat request form. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5. Either way, the shares end up in your demat account.

But an old certificate from this company almost never says “Bosch”. It says Motor Industries Company Limited, the company everyone called MICO. It became Bosch Limited in January 2008. And the number printed on it is almost never the number you own. MICO gave its shareholders free bonus shares six times between 1963 and 1986, then split every ₹100 share into ten ₹10 shares in 2004.

Put together, 20 MICO shares bought in 1975 are 900 Bosch shares today, worth about ₹4.3 crore (24 September 2026 price). One old ₹100 share from the 1980s is worth about ₹4.8 lakh on its own.

This guide covers every situation we see with these shares: the old name, what an old certificate is worth today, converting to demat, claiming from the IEPF, lost certificates, duplicates, names that do not match, 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.

My certificate says Motor Industries Company or MICO. Is it Bosch?

Yes. Motor Industries Company Limited, known as MICO, is today’s Bosch Limited. The company changed its name, not its shares. It was set up in Bangalore in 1951, and its shares were first listed on the stock exchange in May 1969. The name on the certificate is the only thing that changed:

You do not need to exchange a MICO certificate for a new “Bosch” one before converting it to demat. The registrar knows the folio under the old name. The registered office has not moved either: it is still on Hosur Road, Adugodi, in Bengaluru, the address MICO used.

What about very old “A class” or “B class” certificates?

In March 1959 every older class of MICO share was converted into ordinary equity shares under a scheme approved by the High Court of Mysore. Before that, the company had “A” and “B” class shares and preference shares. A certificate from the 1950s is still evidence of the family’s holding. It grew from 1959 onwards like any other. We trace exactly how it was converted before quoting a number.

Certificates that are not Bosch Limited

• Bosch Home Comfort India Limited. This is the old Johnson Controls-Hitachi Air Conditioning India, a separate listed company. It joined the Bosch group in 2025 and took its new name in November 2025. Its certificates are not Bosch Limited shares, and it keeps its own register.
• Robert Bosch GmbH. The German parent company is not listed on any stock exchange. Its shares are not held by Indian families and the IEPF does not hold them.
• MICO-branded spare parts, dealer or distributor papers. “MICO” was also a Bosch brand name for spare parts. An invoice or dealership document is not a share certificate.

How many Bosch shares does an old MICO certificate become today?

Every MICO share held since before June 1973 is now 90 or more Bosch shares. The exact number depends on when the shares were first held in your family’s name. Seven events multiplied the holding. The company’s own share-capital records set them out:

Find the row that matches your certificate:

*At about ₹47,750 a share, the closing price on 24 September 2026. Values move with the market. When a bonus did not divide evenly into a holding, the leftover fraction was paid in cash, so some odd-sized holdings come out slightly lower than the table. Rights shares offered in 1962, 1966, 1967 and 1973 are not included: they were only issued to holders who paid for them, on their own certificates.

Here is how 20 shares bought in 1975 grow, one step at a time:

Look at the last row. The certificate says 20. The family owns 900 shares. The dividend Bosch recommended for 2025–26, ₹270 a share, comes to ₹2.43 lakh on that holding alone. The year before, it was ₹512 a share.

Each of these events came on separate paper. The three bonus issues each arrived as their own certificate, in their own envelope, between 1976 and 1986. Then in 2004 the ₹100 shares were replaced by ₹10 shares. Many families have only the original certificate and assume that is everything. Undelivered certificates go into the company’s unclaimed suspense account, and after seven years of unclaimed dividends they move to the IEPF. So one family’s holding can be spread across three places: the cupboard, the suspense account and the IEPF.

What about Bosch’s buybacks? Bosch has bought back its own shares several times, most recently in 2016 and 2019. A buyback only took shares from holders who chose to sell. If your family did not send its certificates in, the count did not change.

What matters is when the shares were registered in your family’s name, not only the date printed on the front. If your father bought the shares in the market, the transfer is usually stamped on the back of the certificate with a date. That date decides which row you are in.

Every number here comes from the company’s own share-capital records and its filings with the stock exchanges. Don’t want to work it out yourself? Send us the folio and we will trace the complete holding.

My MICO certificate says ₹100 a share. What happened to it in 2004?

In July 2004 every ₹100 MICO share was split into ten shares of ₹10 each. So a ₹100 certificate for 5 shares now stands for 50 Bosch shares, before counting any bonus. The face value is printed on the certificate, usually near the number of shares. It is the quickest way to date a MICO certificate:

• Face value ₹100: issued before July 2004. Multiply by at least 10. If it is older than October 1986, the bonus shares multiply it further (see the table above).
• Face value ₹10: issued in or after July 2004. The number printed is the number of Bosch shares. Nothing has changed since.

Found both a ₹100 and a ₹10 certificate? After the 2004 split, paper holders were normally sent new ₹10 certificates in place of the old ₹100 ones. If both are on the same folio, they are usually the same shares, not extra ones. Don’t add them together. The registrar’s folio record settles it.

Only have the ₹100 certificate? Then the new ₹10 certificates issued against it in 2004 either reached the family and were lost, or never reached it. The registrar can see which. If they never arrived, the shares are with the company or, after seven years of unclaimed dividends, in the IEPF. Either way the old ₹100 certificate is the evidence you start from. Our guide to face value and how splits work explains the idea in more detail.

How do you convert Bosch share certificates to demat?

Through a demat account in the same name as the certificates. Your broker or bank sends them to the registrar, Integrated Registry Management Services in Bengaluru, and the shares are credited electronically. Since 1 April 2019, physical shares cannot be sold or transferred until they are in demat. So this step comes before anything else you want to do with them.

1. Open a demat account in exactly the name on the certificates. If the certificate says “Ramesh K. Sharma”, the account must be able to match that. If the names differ, fix that first (see name mismatch below).
2. Update your KYC with the registrar. For physical shares SEBI requires PAN, address, mobile, email, bank details and a specimen signature on the folio. You do this with Form ISR-1, plus ISR-2 (your bank confirms your signature) if the signature on record is old or different. Bosch keeps these forms on its shareholder information page. Until the KYC is complete, the registrar will not process the demat request.
3. Fill a Demat Request Form (DRF) at your broker or bank (your “depository participant”). Write “Surrendered for Dematerialisation” on each certificate and sign it as it was signed on the register.
4. Your broker sends the DRF and certificates to the registrar. It checks the signature, the folio and the distinctive numbers against Bosch’s register.
5. The shares appear in your demat account, usually within a few weeks if the papers are clean.

Where people get stuck: signatures that no longer match after 40 or 50 years, a name spelt differently on the PAN card, a joint holder who has died, an old ₹100 certificate with no ₹10 replacement, and bonus certificates that never reached the family. Each of these is covered below. For the fees involved, see what it costs to convert physical shares to demat, or read about our physical shares to demat service.

Is there a deadline? Not for shares already registered in your own name. You can demat them at any time. But while they sit on paper, you cannot sell them, and unclaimed dividends are quietly pushing them towards the IEPF. Read more about the demat “last date”.

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

If no dividend on a folio has been cashed for seven years in a row, those shares have very likely been moved to the IEPF. The IEPF is the Investor Education and Protection Fund, a government fund that holds unclaimed shares and dividends until the owner claims them back. Bosch pays a dividend each year, so a folio that stops cashing them reaches seven years in a row quickly. Bosch moves a new batch to the IEPF each year. Its latest notice set 26 September 2026 for folios whose dividends have been unclaimed since 2018–19.

• Bosch’s shareholder information page lists the folios due for transfer each year, along with its IEPF notices and unclaimed dividend details. Bosch Limited shareholder information.
• The IEPF Authority’s search at iepfa.gov.in lets you search by company and holder name. How to search the IEPF step by step.
• Search every old spelling. A folio opened in 1975 will be in the holder’s name as it was written then, often with just initials. The IEPF lists the shares under today’s name, Bosch Limited, not Motor Industries Company.
• Look for more than one entry. The original shares, the bonus shares and the 2004 split shares can have moved in the same batch or in different years, depending on which certificates were delivered.

If you find nothing, the shares may still be with the company, which is better news: you can demat them directly without an IEPF claim. We can run the search for you.

How do you recover Bosch shares from the IEPF?

You first get an entitlement letter from Bosch, then file Form IEPF-5 online on the Ministry of Corporate Affairs website, then send the signed papers to Bosch’s Nodal Officer, who verifies them and reports to the IEPF Authority. The Authority then releases the shares, and any dividends it holds, to your demat account. Shares are only ever released into a demat account, never as a paper certificate.

1. Open a demat account in the name of the claimant. For a joint holding, it must be in the same names and the same order.
2. Complete KYC with the registrar and ask Bosch for an entitlement letter. This letter states how many shares and how much dividend on your folio went to the IEPF. Bosch’s own IEPF notice asks you to send the request documents to the company first, signed by every joint holder as per the specimen signature on record. Since October 2025 the entitlement letter is a mandatory part of every IEPF-5 claim.
3. File Form IEPF-5 on the MCA portal. Note the SRN it gives you; that is your claim number. How to file IEPF-5 online.
4. Send the physical documents to Bosch’s Nodal Officer at its registered office in Bengaluru, in an envelope marked “Claim for refund from IEPF Authority”. These are: 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 certificate if you still have it.
5. Bosch verifies and reports to the IEPF Authority. The rules give the company 15 days to send its verification report and the Authority 60 days to decide. That is 75 days on paper. Real claims usually take far longer, because documents go back and forth. What to do when an IEPF claim is stuck.

Claim the full folio in one go. If the original shares, the bonus shares and the 2004 split shares went to the IEPF in different years, one claim should cover everything on that folio. Claim only the number printed on your certificate, and you will be back in the queue for the rest.

Watch the signature. With a MICO folio, the specimen signature on record can be 40 or 50 years old. If yours no longer matches, the entitlement request comes back. Fix it with Form ISR-2 before you start, not after. How to fix a signature mismatch.

What if the Bosch or MICO share certificates are lost?

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

• Shares still with Bosch: the company must first cancel the lost certificate and issue duplicate shares, which are credited straight into your demat account. This is the process in the next section.
• Shares already in the IEPF: when shares move to the IEPF, the original paper certificates are cancelled automatically. Bosch’s own notice says so. 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. Families often spend months getting a duplicate they never needed.

Don’t know the folio number? Old dividend warrants, bank passbooks showing MICO dividend credits, letters from Motor Industries Company, even a wealth-tax return 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 Bosch share certificate?

Apply to the registrar 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. Duplicates are no longer issued on paper at all.

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 Bosch, the top band arrives almost at once. At about ₹47,750 a share, even one share is past the ₹10,000 plain-paper limit, and ₹10 lakh is only about 20 shares. A ₹100 MICO certificate for just 3 shares is already 30 Bosch shares, about ₹14.3 lakh. So nearly every lost MICO certificate needs the full process.

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 your demat account. There is no longer a “Letter of Confirmation” to carry to your broker, so the account has to 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 the registrar, with the affidavit-cum-indemnity bond, the police report and notice if needed, and your demat account details.
5. The shares are credited to your demat account once the registrar completes its checks. SEBI expects this in about 30 days for a complete, correct application.

The value is worked out on the market price, not the face value printed on the certificate. Every bonus and split share on the folio counts, so a MICO holding that “looks” small is almost always over the line. 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 all have to show the same name. One letter out of place is enough to get a request returned.

This is very common with MICO because the oldest folios go back to the 1960s and 1970s. Typical cases:

• Initials on the certificate, full name on the PAN card: “R. K. Sharma” against “Ramesh Kumar Sharma”.
• A woman’s maiden name on the certificate and her married name on everything else.
• Spelling changes over time: “Mohd.” and “Mohammed”, “Laxmi” and “Lakshmi”, a dropped middle name.
• 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 with Form ISR-1 to the registrar. Once the folio matches your PAN, the demat and the IEPF claim can go through.

Don’t open the demat account in the “new” name and hope it works. The registrar will reject the demat request, and the certificates come back weeks later. Getting the order right the first time saves months.

How do joint holders convert or claim Bosch 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. A certificate in the names of “A, B and C” can only be converted into a demat account held by A, B and C, in that order. The bonus and split certificates carry the same names in the same order as the folio they came from, so one joint demat account can take all of them.

• Everyone alive and available: open a joint demat account matching the certificates, complete KYC for every holder, and all of them 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 simply 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: same names, same order. Bosch asks for the entitlement request to be signed by all the joint holders. If one holder has died, delete their name through the registrar before you file.

What if the Bosch shareholder has died?

The shares pass to the nominee or legal heirs through transmission, handled by the registrar, 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 as the claimant.

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 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.
• 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 Bosch, these limits are small. No physical Bosch holding fits the ₹10,000 quick route, because a single share is worth more. The ₹10 lakh limit covers only about 20 shares, and almost any ₹100 MICO certificate for 3 shares or more is above it. That usually means a succession certificate or legal heir certificate, unless there is a nominee or the other heirs give no-objection. Read the full picture 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 MICO a certificate that says 20 shares can mean 900 Bosch shares.

Take a family with a 1975 MICO certificate for 20 shares. A generalist sees “20 shares of Motor Industries” and prices the job on that. The folio actually leads to 900 Bosch shares, about ₹4.3 crore. Three bonus certificates and the 2004 replacement certificates were separate papers. Some may sit in the suspense account, some in the IEPF, in different years. Unless someone traces them, they are never claimed. The family ends up back in the queue years later, if it ever finds out.

We work the other way round. We trace the complete holding first: the old name, every bonus back to 1963, the 2004 split, 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.

And the IEPF claim itself is decided in Delhi, where the IEPF Authority sits. Bosch verifies the claim in Bengaluru, but the file then waits in Delhi for release. Our team is in Delhi, so we can follow your file up in person, not by letter from another city. When it comes to 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

26 September 2026 is the date Bosch set for moving its latest batch of shares to the IEPF. These are folios whose dividends have gone unclaimed since the 2018–19 dividend. Another batch follows each year as more folios reach seven years. Cashing any one dividend before the transfer date keeps the shares with the company, so check now, not after the next batch has moved.

July 2004 is the date that decides how to read your certificate. A ₹100 certificate is from before it and stands for ten times the shares printed. A ₹10 certificate is from after it and shows the real number.

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. One example: MICO 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 certificates too? See what an old MRF certificate is worth today, what an old Eicher Motors or Royal Enfield certificate adds up to, how Hindustan Brown Boveri became ABB and Hitachi Energy, another Bengaluru company, or read our guide to share recovery in Bengaluru, where Bosch and its registrar are.

Not sure what your MICO or Bosch certificate is worth? Start with Find Your Shares →

Frequently Asked Questions

How do I convert Bosch (MICO) physical share certificates to demat?
Open a demat account in exactly the name on the certificate, update your KYC with the registrar, Integrated Registry Management Services in Bengaluru, using Form ISR-1, then give the certificates to your broker or bank with a Demat Request Form. They send it to the registrar, which checks the folio and signature and credits the shares to your demat account, usually within a few weeks if the papers are in order. A certificate in the old name, Motor Industries Company Limited, does not need to be exchanged first.

Is Motor Industries Company (MICO) the same as Bosch Limited?
Yes. Motor Industries Company Limited, known as MICO, was renamed Bosch Limited with effect from 18 January 2008. It is the same listed company and the shares did not change. A MICO share certificate is a Bosch Limited certificate.

What is the history of Bosch bonus shares?
The company, then Motor Industries Company, issued bonus shares six times: 1 for every 4 held in January 1963, 1 for 3 in September 1966, 1 for 1 in June 1973, 1 for 2 in December 1976, 1 for 2 in May 1982 and 1 for 1 in October 1986. There has been no bonus issue since 1986. So one share held before 1963 is 150 Bosch shares today, once the 2004 split is included.

Has Bosch ever split its shares?
Once. In July 2004 each share of ₹100 face value was split into ten shares of ₹10 each. There has been no split since, and the face value is still ₹10. So a certificate showing ₹100 per share stands for ten times the number of shares printed on it, before counting any bonus.

How many Bosch shares do old MICO shares become today?
It depends on when the shares were first held in your name. Each share held between September 1966 and June 1973 is now 90 Bosch shares; between December 1976 and May 1982, 30; and between October 1986 and July 2004, 10. For example, 20 shares bought in 1975 are 900 Bosch shares today, worth about ₹4.3 crore at ₹47,750 a share, the closing price on 24 September 2026.

Who is the registrar (RTA) for Bosch Limited?
Integrated Registry Management Services Private Limited, at its office in Malleswaram, Bengaluru, handles Bosch’s shares under the unit name Bosch Ltd. Demat requests, KYC updates, duplicate certificates, transmission and IEPF entitlement requests all go through it.

How do I check if my Bosch shares have been transferred 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. Bosch publishes the folios due for transfer each year on its shareholder information page, and you can search the IEPF Authority’s records at iepfa.gov.in by company and holder name. Search under today’s name, Bosch Limited, and under every old spelling of the holder’s name.

When is Bosch’s next transfer of shares to the IEPF?
Bosch’s notice of June 2026 set 26 September 2026 as the due date for folios whose dividends have been unclaimed since the 2018–19 dividend. Bosch moves a new batch each year as more folios reach seven years of unclaimed dividends. Cashing any one dividend before the transfer date keeps the shares with the company.

How do I claim Bosch shares from the IEPF?
Open a demat account, complete KYC with the registrar and send Bosch the documents for an entitlement letter, signed as per the specimen signature on record. 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 Bosch’s Nodal Officer at its registered office in Bengaluru. Bosch verifies the claim and the IEPF Authority releases the shares and dividends to your demat account.

What do I get back from the IEPF for Bosch shares: shares or money?
The shares themselves, credited to your demat account, together with the dividends the IEPF holds on them, which are refunded as money. Once the shares are in demat you can keep them or sell them at the market price, which was about ₹47,750 a share on 24 September 2026.

I have lost my Bosch or MICO share certificate. What do I do?
If the shares are still with the company, open a demat account, then apply to the registrar for duplicate shares with Form ISR-4. Up to ₹10 lakh you need a standard affidavit-cum-indemnity bond. Above ₹10 lakh, which is only about 20 Bosch shares at today’s price, you also need a police report and a newspaper notice. If the shares have already gone to the IEPF, the old certificates were cancelled at that point and you claim with Form IEPF-5 instead.

How long does it take to recover Bosch shares from the IEPF?
The rules allow the company 15 days to send its verification report and the IEPF Authority 60 days to decide, so about 75 days on paper. In practice claims often take much longer, usually because documents go back and forth between the claimant, the company and the Authority.

Is Bosch Home Comfort India the same as Bosch Limited?
No. Bosch Home Comfort India Limited is the former Johnson Controls-Hitachi Air Conditioning India, a separate listed company that joined the Bosch group in 2025 and was renamed in November 2025. Its shares are not Bosch Limited shares, and it keeps its own register.

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