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

To convert an old Eicher share certificate to demat, open a demat account in exactly the name printed on it, update your KYC with Eicher Motors’ registrar, MUFG Intime India (formerly Link Intime), and ask the registrar to credit the shares to your demat account. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5. Either way, the number of shares you get is not the number printed on the certificate.

Every old Eicher Motors share of ₹10 is 10 shares today, because the shares were split in August 2020. So a certificate for 100 shares is 1,000 shares now, worth about ₹73.60 lakh at the 25 September 2026 price. The split is the only change: Eicher Motors has never issued bonus shares.

Looking for an unclaimed Eicher Motors dividend? Check your folio on the “Unclaimed Dividend” page of Eicher’s investor website, then write to MUFG Intime India with your folio number, a cancelled cheque and a self-attested PAN copy. A dividend more than seven years old has already gone to the IEPF and is claimed back with Form IEPF-5. And if no dividend on the folio has been cashed for seven years in a row, the shares themselves have usually gone to the IEPF too.

Many families also hold certificates in an older Eicher name: Eicher Ltd, Royal Enfield Motors, Enfield India or Eicher Tractors. These are not Eicher Motors certificates, but in 2004 Eicher Ltd holders received Eicher Motors shares: 100 Eicher Ltd shares from 2004 are 400 Eicher Motors shares today, about ₹29.44 lakh. This guide explains every case, and the full process for dividends, demat, the IEPF, lost certificates, duplicates, 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 do you check and claim an unclaimed Eicher Motors dividend?

Check your folio on Eicher’s investor website, then claim from its registrar, MUFG Intime India, if the dividend is less than seven years old. Every dividend that is not cashed goes into Eicher’s unpaid dividend account. It waits there for seven years. After that the law requires Eicher to send it to the IEPF, the Investor Education and Protection Fund, a government fund that holds unclaimed money and shares until the owner claims them back.

Step 1: find out what is unclaimed

• Eicher’s investor website has an “Unclaimed Dividend” page where you can check your status with your folio details. Eicher unclaimed dividend page.
• The IEPF Authority’s search at iepfa.gov.in shows dividends and shares that have already moved to the IEPF. How to search the IEPF step by step.
• Search under every spelling of the holder’s name. A folio opened in the 1980s or 1990s often shows only initials.

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

Write to MUFG Intime India, Eicher’s registrar, giving the folio number and the dividends you did not receive, with a cancelled cheque and a self-attested copy of your PAN card. For shares already in demat, send your client master list with the request letter instead. Dividends on a paper folio are now paid only by bank transfer, and only once the folio’s KYC is complete: PAN, bank account, contact details and signature. So if the folio has not been updated for years, file Form ISR-1 with the registrar first.

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. Eicher cannot pay it any more. The claim runs through Eicher’s Nodal Officer, who verifies it, and the IEPF Authority, which refunds it. How to recover a dividend transferred to the IEPF.

The bigger point: an unclaimed dividend is a warning about the shares. If no dividend on a folio is cashed for seven years in a row, the shares on that folio move to the IEPF too. For an old Eicher folio that is usually lakhs of rupees of shares, not a few thousand rupees of dividend.

How many Eicher Motors shares does an old certificate represent today?

Look at two things on the certificate: the company name, and the face value. An Eicher Motors certificate with a face value of ₹10 is from before August 2020, and each share on it is 10 shares today. A certificate from any other Eicher company works differently. Find your row below.

Three things to know when you use this table:

• A rights certificate from 1994 counts too. In early 1994 Eicher Motors offered holders one new share for every share they held, at ₹10 each. If the family paid for them, those shares came on their own certificate, and each is also 10 shares today.
• Fractions were not issued as shares. Where the Eicher Ltd ratio left a fraction, the real count can be a share below the multiplied figure. That is normal.
• If your certificate shows any other company name or face value, do not use the table. The registrar can work it out from the folio, or we can.

The value today is simply the number of shares times the market price. On 25 September 2026 Eicher Motors closed at ₹7,360. What the shares cost in the 1980s or 1990s does not matter; what matters is how many you own now.

Has Eicher Motors ever issued bonus shares or split its shares?

Eicher Motors has never issued bonus shares. It has split its shares once, in August 2020, when every ₹10 share became ten shares of ₹1. That single split is why an old certificate is worth ten times the number printed on it. The company’s share count over the years confirms it: the only increases came from the 1994 rights issue, the 2004 Eicher Ltd scheme and shares issued to employees, never from a bonus.

A rights issue is not a bonus. Some websites list the 1994 issue as if it were free shares. It was not: holders had to pay ₹10 for each new share, and a holder who did not pay received nothing extra. So do not double an old certificate for 1994 unless you find a rights certificate or a payment record for it.

Worked examples: what do 100 old Eicher shares become?

100 Eicher Motors shares of ₹10, bought any time from 1985 to 2020

• August 2020 split: 100 → 1,000
• Today: 1,000 Eicher Motors shares = about ₹73.60 lakh

100 Eicher Motors shares bought before 1994, with the rights shares taken up

• 1994 rights issue: 100 more shares, paid for at ₹10 each, on a second certificate → 200 shares of ₹10
• August 2020 split: 200 → 2,000
• Today: 2,000 Eicher Motors shares = about ₹1.47 crore. If the rights shares were not taken up, it is 1,000 shares.

100 Eicher Ltd shares held in September 2004

• September 2004: 2 Eicher Motors shares for every 5 Eicher Ltd shares → 40 Eicher Motors shares of ₹10. The 100 Eicher Ltd shares also became 60 Eicher Ltd shares.
• August 2020 split: 40 → 400
• Today: 400 Eicher Motors shares = about ₹29.44 lakh, plus whatever happened to the 60 Eicher Ltd shares (next section).

Values use the closing price on 25 September 2026: Eicher Motors ₹7,360. It moves every day. On top of the shares come the dividends paid on them over the years, which are claimable too if they were never cashed. Not sure which case is yours? Send us the certificate details and we will work it out.

What about old Eicher Ltd, Royal Enfield Motors, Enfield India or Eicher Tractors certificates?

They all lead to Eicher Ltd, and Eicher Ltd holders received Eicher Motors shares in 2004: 2 Eicher Motors shares for every 5 Eicher Ltd shares. Eicher Ltd was a separate listed company. It was the old Eicher tractor company joined with Royal Enfield, and the story is easiest to follow in order.

If you have an Eicher Ltd certificate

Check first for the Eicher Motors shares from 2004. They are the valuable part. Whoever was on Eicher Ltd’s register when its books closed on 6 September 2004 received 2 Eicher Motors shares of ₹10 for every 5 Eicher Ltd shares, allotted on 16 September 2004. Those are Eicher Motors shares like any other, so each is 10 shares today. 100 Eicher Ltd shares = 400 Eicher Motors shares, about ₹29.44 lakh. If the Eicher Motors certificate never arrived, the shares are traceable from the Eicher Motors register, and if their dividends went unclaimed they may be in the IEPF under Eicher Motors, not Eicher Ltd.

The remaining Eicher Ltd shares are a different story. Most public holders sold them in the 2007 delisting offer. A holding that was not sold then went through the 2008 merger into Eicher Goodearth, and in 2009 Eicher Goodearth was itself merged into Eicher Motors. So even these shares can end up as Eicher Motors shares, but the terms of the 2008 merger are not public, and the count has to be traced from the folio.

If you have a Royal Enfield Motors, Enfield India or Eicher Tractors certificate

Those shares became Eicher Ltd shares in 1996, and from there the 2004 route above applies. The terms of the 1996 merger are not published anywhere we can verify, so we do not give a ratio for it here. What we can say is that a family with a Bullet-era Enfield India certificate may well have Eicher Motors shares on record that nobody has claimed. Royal Enfield grew up in Chennai, so many of these folios are there; our guide to share recovery in Chennai covers the local side.

What did Eicher shareholders not get?

Apart from the 2004 Eicher Ltd shares, Eicher Motors has never handed its shareholders shares of another company. People often assume otherwise, because the group has several well-known names. Here is what did not come with Eicher Motors shares:

• Royal Enfield: a business of Eicher Motors, not a separate listed company. There are no “Royal Enfield shares” to claim apart from Eicher Motors shares. The only exception is an old Royal Enfield Motors certificate from before 1996 (see above).
• VE Commercial Vehicles (VECV): Eicher’s truck and bus business, set up in 2008 as a joint venture with the Volvo Group. It is a subsidiary of Eicher Motors and is not listed. Shareholders received no VECV shares.
• Eicher tractors: the tractor and engine business was sold to TAFE in 2005. Shareholders received no TAFE shares.
• Eicher Goodearth: the Eicher promoter family’s company. Its 2009 merger into Eicher Motors did not change the number of shares held by ordinary Eicher Motors shareholders.

If you hold certificates of any other company with a similar name, they are separate holdings with their own registrars, not part of your Eicher Motors folio.

How do you convert old Eicher Motors certificates to demat?

Open a demat account in exactly the name on the certificate, update the folio’s KYC with MUFG Intime India, then ask the registrar to credit the shares to your demat account. Because of the 2020 split, an old ₹10 certificate no longer matches the register, which now shows ten ₹1 shares for each ₹10 share. The registrar handles that when it processes your request.

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. For a ₹1 certificate (issued after the 2020 split): hand it in with a Demat Request Form through your broker or bank, in the usual way.
4. For an old ₹10 certificate: ask MUFG Intime India to exchange it for the ₹1 shares, using Form ISR-4. Exchanges like this are now done in demat only, so the ten ₹1 shares for each old share are credited straight to your demat account.
5. 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 at all until they are in demat. There is no deadline to demat shares already in your own name, but the longer you wait, the more likely the dividends go unclaimed and the shares move to the IEPF.

How do you check if your Eicher Motors 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. Eicher pays a dividend every year, so it moves a batch of shares every year. The latest batch covers folios with no dividend cashed since the 2018–19 final dividend; the due date was 7 September 2026, and the shares move within 30 days of it.

• Eicher’s investor website lists the holders whose shares are due to move, under “Shares transfer to IEPF”. Eicher shares transfer to IEPF page.
• The IEPF Authority’s search at iepfa.gov.in covers shares that have already moved. Search for “Eicher Motors 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.
• Expect more than one entry. An original certificate, a 1994 rights certificate and a 2004 certificate from the Eicher Ltd scheme are separate lots, and can have moved in different years.

Shares moved to the IEPF before August 2020 were split there too. The IEPF holds shares in demat and receives every corporate benefit on them, so you claim ten ₹1 shares for each ₹10 share that moved. If you find nothing, the shares may still be with Eicher, which is better news: you can demat them directly. We can run the search for you.

How do you recover Eicher Motors shares from the IEPF?

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

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 India 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 Eicher’s Nodal Officer, at the address on Eicher’s investor website: 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 have it.
5. Eicher 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 an old certificate and you leave 900 shares from the split in the queue. The entitlement letter, which is based on Eicher’s register, gives the full count.

What if the Eicher Motors share certificates are lost?

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

• Shares still with Eicher: 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. When a loss is reported, Eicher informs the stock exchanges; that is routine, and it stops anyone else dealing in the shares.
• Shares already in the IEPF: when paper shares move to the IEPF, they are converted to demat and transferred to the Fund, so the paper no longer counts. There is nothing left to duplicate. You claim with IEPF-5 and the entitlement letter, which is based on Eicher’s register, not on the paper in your hand. Families often spend months getting a duplicate they never needed.
• An Eicher Ltd certificate is lost: the Eicher Motors shares from 2004 are on the Eicher Motors register in their own right. Trace those first.

Don’t know the folio number? Old dividend warrants, bank passbooks showing Eicher dividend credits, the 2004 letters about the Eicher Ltd scheme, or any Eicher 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 Eicher Motors share certificate?

Apply to MUFG Intime India 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 duplicates are no longer issued on paper.

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 Eicher, ₹10 lakh is only about 136 shares at today’s price, and that is fewer than 14 old ₹10 shares. A lost certificate for 20 old shares is already 200 shares today, about ₹14.72 lakh. So most lost Eicher certificates need the full process, and the value is always worked out on today’s count and price, not on what is printed on the paper.

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 India 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 letter out of place is enough to get a request returned.

This is very common with Eicher folios that go back to the 1980s and 1990s. Typical cases:

• Initials on the certificate, full name on the PAN card: “R. K. Sharma” against “Rajesh Kumar Sharma”.
• A woman’s maiden name on the certificate and her married name on everything else.
• Spelling changes over time: “Singh” and “Sing”, “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 India with Form ISR-1. If you also hold the 2004 Eicher Motors shares from an Eicher Ltd folio, fix that folio too; it will carry the same old spelling.

How do joint holders convert or claim Eicher Motors 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 1994 rights certificate and the 2004 certificate from the Eicher Ltd scheme carry the names of the folio they came from, so check each one.

• 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 Eicher Motors shareholder has died?

The shares pass to the nominee or legal heirs through transmission, handled by MUFG Intime India, 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 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.
• 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 Eicher, the ₹10 lakh limit is reached quickly. It is about 136 shares today, so even 14 old ₹10 shares are over it, and 100 old shares (about ₹73.60 lakh) are far over it. 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 Eicher the certificate in your hand is rarely the whole story.

Take a family with an Eicher Ltd certificate for 100 shares from the 1990s. A generalist sees a delisted company and tells them it is worthless, or sees “100 shares” and prices the job on that. The folio actually leads to 400 Eicher Motors shares, about ₹29.44 lakh, on an Eicher Motors certificate the family may never have opened, plus the Eicher Ltd shares that were not sold in 2007. Or take an old Eicher Motors certificate for 100 shares: it is 1,000 shares, and there may be a 1994 rights certificate for 100 more beside it. Some lots may sit with the company, some in the IEPF, moved in different years. Unless someone traces all of it, part of it is never claimed.

We work the other way round. We trace the complete holding first: every certificate, the 2004 scheme, the 2020 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. Eicher’s registered office is in New Delhi too, and its corporate office is in Gurugram. 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

The next Eicher transfer to the IEPF covers folios with no dividend cashed since the interim dividend for 2019–20: ₹125 a share, record date 21 March 2020, paid that month. On the seven-year rule, that batch falls due in the first half of 2027. Eicher writes to the holders and publishes a newspaper notice a few months before each transfer. Cashing any one dividend before the transfer keeps the shares with the company, so check now.

25 August 2020 is the date that decides how to read an Eicher Motors certificate. A ₹10 certificate is from before it, and each share on it is 10 shares today. A ₹1 certificate is from after it and counts as printed.

September 2004 is the date for Eicher Ltd holders. Whoever was on Eicher Ltd’s register when its books closed on 6 September 2004 received 2 Eicher Motors shares for every 5 Eicher Ltd shares.

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 Eicher 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 automobile certificates too? See what happened to old Bosch (MICO) shares, MRF shares or old Force Motors (Bajaj Tempo) shares, and to L&T shares. Eicher is a Delhi company; our guide to share recovery in Delhi covers the local side.

Not sure what your Eicher certificate is worth, or whether an Eicher Ltd or Royal Enfield certificate leads to Eicher Motors shares? Start with Find Your Shares →

Frequently Asked Questions

How do I check my Eicher Motors unclaimed dividend?
Eicher Motors has an Unclaimed Dividend page on its investor website where you can check your status with your folio details. Dividends that are more than seven years old have moved to the IEPF, and you can search for them on the IEPF Authority’s website, iepfa.gov.in, by company and holder name. Search under every old spelling of the holder’s name.

How do I claim an unclaimed Eicher Motors dividend?
If the dividend is less than seven years old, write to Eicher’s registrar, MUFG Intime India (formerly Link Intime India), giving the folio number and the dividends not received, with a cancelled cheque and a self-attested PAN copy. For demat shares, send your client master list with the request letter. Dividends on paper folios are paid only by bank transfer once the folio’s KYC is complete, so file Form ISR-1 first if it has not been updated. If the dividend is more than seven years old, it is with the IEPF and you claim it with Form IEPF-5.

When is Eicher Motors’ next transfer of shares to the IEPF?
Eicher’s latest batch covers folios with no dividend cashed since the 2018-19 final dividend; the due date was 7 September 2026 and the shares move within 30 days of it. The next batch covers folios with no dividend cashed since the 2019-20 interim dividend of ₹125 a share (record date 21 March 2020), and on the seven-year rule falls due in the first half of 2027. Cashing any one dividend before the transfer keeps the shares with the company.

Has Eicher Motors ever issued bonus shares?
No. Eicher Motors has never issued bonus shares. The 1994 issue was a rights issue of one new share for every share held, and holders had to pay ₹10 for each new share, so it only added shares for holders who paid.

When did Eicher Motors split its shares?
Once, in August 2020. Each share of face value ₹10 was split into ten shares of face value ₹1, with a record date of 25 August 2020. So every share on an old ₹10 Eicher Motors certificate is 10 shares today.

How many Eicher Motors shares do 100 old shares become today?
100 Eicher Motors shares of ₹10, bought at any time from 1985 to 2020, are 1,000 shares today, worth about ₹73.6 lakh at the 25 September 2026 price of ₹7,360. If the family also paid for the 1994 rights shares, it is 2,000 shares.

What did Eicher Ltd shareholders get in 2004?
When Eicher Ltd’s automobile business moved into Eicher Motors in 2004, Eicher Ltd holders received 2 Eicher Motors shares of ₹10 for every 5 Eicher Ltd shares, allotted on 16 September 2004, and every 5 Eicher Ltd shares became 3. With the 2020 split, 100 Eicher Ltd shares from 2004 are 400 Eicher Motors shares today. Eicher Ltd itself was delisted in 2007 and merged into the promoter company in 2008.

I have an old Royal Enfield Motors or Enfield India share certificate. What is it worth?
Enfield India was renamed Royal Enfield Motors in 1994, and in 1996 it joined Eicher Tractors to form Eicher Ltd. Eicher Ltd holders then received 2 Eicher Motors shares for every 5 Eicher Ltd shares in 2004. The terms of the 1996 merger have to be traced from the folio, but such a certificate can lead to Eicher Motors shares that nobody has claimed. Royal Enfield itself is a business of Eicher Motors and has no separate shares.

Did Eicher Motors shareholders get shares of VECV, Royal Enfield or TAFE?
No. VE Commercial Vehicles (VECV), the truck and bus joint venture with the Volvo Group set up in 2008, is an unlisted subsidiary of Eicher Motors. Royal Enfield is a business of Eicher Motors, not a separate company. The tractor and engine business was sold to TAFE in 2005. None of these gave shares to Eicher Motors shareholders.

Who is the registrar (RTA) for Eicher Motors?
MUFG Intime India Private Limited, which was called Link Intime India Private Limited until its change of name in early 2025. Demat requests, KYC updates, unclaimed dividends, duplicate certificates, transmission and IEPF entitlement letters for Eicher Motors all go through it.

How do I claim Eicher Motors shares from the IEPF?
Open a demat account, complete KYC with MUFG Intime India 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 Eicher’s Nodal Officer. Eicher verifies the claim and the IEPF Authority releases the shares and dividends to your demat account. Shares that moved before the 2020 split come back as ten ₹1 shares for each ₹10 share.

I have lost my Eicher Motors share certificate. What do I do?
If the shares are still with Eicher, open a demat account, then apply to MUFG Intime India for duplicate shares with Form ISR-4. Up to ₹10 lakh, about 136 Eicher Motors shares at today’s price, you need a standard affidavit-cum-indemnity bond; above ₹10 lakh you also need a police report and a newspaper notice. Because of the 2020 split, 14 old ₹10 shares are already over ₹10 lakh. If the shares have already gone to the IEPF, you do not need a duplicate: you claim with Form IEPF-5 instead.

Can I still demat an old ₹10 Eicher Motors certificate?
Yes. Update the folio’s KYC with MUFG Intime India and ask the registrar to exchange the old ₹10 certificate for the ten ₹1 shares behind each share, using Form ISR-4. Exchanges like this are now done in demat only, so open the demat account first; the shares are credited to it directly.

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