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

To convert an old Escorts share certificate to demat, open a demat account in exactly the name printed on it, update your KYC with the company’s registrar, KFin Technologies, and hand the certificate in through your broker or bank with a Demat Request Form. The certificate will say Escorts Limited. Since 9 June 2022 the company has been called Escorts Kubota Limited, but it is the same company and the certificate is still valid. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5.

Escorts has never split its shares, so a certificate dated after March 1987 shows exactly what the folio holds today. Older certificates hold far more than they say. Between 1969 and 1987 Escorts gave five bonus issues. 100 shares on a 1975 certificate are 409 shares today, about ₹11.07 lakh at the 29 September 2026 price of ₹2,706.20. A family that reads “100 shares” expects about ₹2.71 lakh.

For 2025–26 Escorts Kubota paid ₹51 a share in dividends, including an ₹18 special dividend. When a folio does not cash any dividend for seven years in a row, its shares move to the IEPF. Check what your family holds with Find Your Shares →

How many Escorts Kubota shares does an old certificate represent today?

It depends only on the date on the certificate. Anything dated after March 1987 shows today’s count exactly. Anything older gets the bonus issues that came after it. Find the date on the certificate, then the row that matches.

The multiplier comes from five bonus issues and nothing else. Escorts gave free shares in 1969, 1974, 1977, 1979 and 1987. It has never split its shares: every Escorts share has had a face value of ₹10 since 1960. A holding only gets the bonuses that came after it.

Each bonus came on a separate certificate. Those shares belong to the folio even if the bonus certificates are lost. But if you do have them, do not add them on top of these figures, or you count the same shares twice. How to count several certificates.

Bonus fractions were paid out in cash, so an odd-sized holding can come out a share or two below these figures. Two more cases need the registrar. A certificate dated in 1974 or 1979, the years of a bonus, may be from before or after that year’s bonus. And for a certificate from before 1968, the records of that decade are incomplete: the count is at least the “before December 1969” figure and may be higher. The registrar’s figure for the folio is the final one.

Has Escorts issued bonus shares or split its shares? Its full history

Escorts has issued five bonus issues, the last in March 1987, and has never split its shares. Here is every event that changed, or might seem to have changed, the number of shares an old holder owns, from the company’s own records and exchange filings:

No part of Escorts was ever turned into free shares of a new company for its shareholders. When Escorts left a business, it sold it for cash: its stakes in the Yamaha motorcycle, JCB, Claas and Carraro ventures between 2001 and 2006, the Escorts Heart Institute to Fortis in 2005, and the railway business in 2025. So an old Escorts holder has only one company to trace: Escorts Kubota itself.

What are 100 old Escorts shares worth today?

From about ₹2.71 lakh for a certificate dated after March 1987 to about ₹20.68 lakh for one from before December 1969. These figures use the 29 September 2026 price of ₹2,706.20 a share. Share prices move every day, so treat them as a guide.

The dividend column uses the ₹51 a share paid for 2025–26: an ₹18 special dividend in February 2026 and a ₹33 final dividend declared in July 2026. The special dividend was a one-off, so a normal year pays less.

A family example

Say a grandfather in Faridabad bought 100 Escorts shares in 1975. The bonuses of 1977, 1979 and 1987 each sent him a new certificate, and by 1987 he held 409 shares. The later certificates went to an address the family had left, nobody cashed a dividend for seven years, and the shares moved to the IEPF.

Today those 409 shares are worth about ₹11.07 lakh. The family found the 1975 certificate and read “100 shares”, which at today’s price looks like about ₹2.71 lakh. The folio really holds more than four times that. And at about ₹11.07 lakh it is above ₹10 lakh, which changes the papers needed for a lost certificate or a transmission (see below).

We found several old Escorts certificates. How do we count them?

If you have the bonus certificates too, just add up the shares printed on every certificate. Use the multipliers only when the original certificate is all you have. A bonus did not replace the old certificate. The old one stayed valid, and the free shares came on a new certificate of their own. So a family that held Escorts from 1975 may find four certificates:

The total, 409, is the same figure the table above gives for a 1975 certificate on its own. So:

• Only the original certificate survives: use the table. For 1975 that is 409 per 100. The bonus shares belong to the folio whether or not their certificates can be found.
• You have all the certificates: add up the shares printed on them. Nothing else is needed.
• Never apply the multiplier to every certificate. That counts the same shares several times. Here it gives 868 shares instead of 409, and a claim for shares that do not exist will be sent back.

The registrar can confirm the total for the whole folio.

Is an old Escorts Limited share certificate still valid?

Yes. Escorts Limited and Escorts Kubota Limited are the same company, so the certificate is still valid and still leads to shares. Only the name changed, on 9 June 2022. The folio, the registrar and the shares are the same.

• 1944: the company was founded in Lahore as Escorts (Agents) Ltd. After Partition it moved to New Delhi. Its registered office is now in Faridabad.
• 1960: it became a public company and took the name Escorts Limited. Almost every old certificate carries this name.
• 2022: Kubota Corporation of Japan became a joint promoter alongside the Nanda family, and on 9 June the name became Escorts Kubota Limited. Kubota now holds just over half of the shares.

When you write to the registrar or search the IEPF, use “Escorts Kubota Limited” and quote the folio number from the old certificate. If a search under the new name finds nothing, try “Escorts Limited” as well.

Do Escorts Tractors shares become Escorts Kubota shares?

Yes. Escorts Tractors Ltd merged into Escorts in 1995–96, and its shareholders received 3 Escorts shares for every 2 Escorts Tractors shares they held. Escorts Tractors was a separate company, set up with Ford to make Ford tractors in India. All five Escorts bonus issues came before the merger, so nothing more is added: 100 Escorts Tractors shares are 150 Escorts Kubota shares today, about ₹4.06 lakh.

An Escorts Tractors certificate on its own is not worthless. A family that finds one often assumes the company closed down. It did not: its shares were swapped. Escorts sent new certificates in 1995–96, and those may since have been lost, never delivered, or moved to the IEPF. For example, 200 Escorts Tractors shares are 300 Escorts Kubota shares, about ₹8.12 lakh today. Ask KFin Technologies for the Escorts folio that the merger created, quoting the old Escorts Tractors folio number.

Escorts Tractors shareholders were also given warrants, which could be turned into Escorts shares at ₹33.33 each in 1996 and 1997. Those had to be paid for. Warrants that were not used simply lapsed, so they add nothing unless the family paid.

Did the later Escorts mergers or the Kubota deal change my shares?

No. Every merger and share issue after 1996 either involved companies that had no public shareholders or issued new shares to someone else. The number of shares on your folio stayed the same. Here is what each one was:

• 2009: Escorts’ own subsidiary in the United States merged into it. Escorts owned all of it, so no shares were issued.
• 2012: Escorts Construction Equipment, which Escorts fully owned, merged in along with two private investment companies of the promoter family. The only new Escorts shares went to the owners of those two private companies.
• 2020 to 2022: Kubota Corporation bought new Escorts shares and then offered to buy shares from the public at ₹2,000 each. Holders could choose to sell. If your family did not sell, your shares are all still there.
• 2021 and 2023: Escorts cancelled shares held by its own welfare trust. Only the trust’s shares were cancelled.
• 2024: Kubota’s two tractor companies in India merged into Escorts Kubota. They had no public shareholders, and the new shares went to Kubota.

This matters because some websites list these events as “mergers” or “capital changes” next to the company’s name. None of them is a reason to expect more or fewer shares on an ordinary family folio.

Which Escorts shares had to be paid for?

Three kinds: the 1970 rights shares, the shares from the 1987 convertible debentures, and the shares from the Escorts Tractors warrants. Unlike bonus shares, these only exist on a folio if the family paid for them. Do not add them just because they appear in the company’s history.

• 1970 rights issue: 1 new share for every 5 held, at ₹14 a share.
• 1987 convertible debentures: Escorts offered shareholders one ₹350 debenture for every 71 shares held. Each debenture turned into 10 shares: 5 on 31 December 1987 and 5 on 30 June 1988. (The 1985 debentures were loans only and never became shares.)
• Escorts Tractors warrants: turned into shares at ₹33.33 each in 1996 and 1997.

If you do find one of these certificates, it is real and it counts. The 1987–88 debenture shares came after the last bonus, so they are worth exactly the number printed. The 1970 rights shares came before four bonuses, so use the “1970 to 1974” row of the table.

Which papers are not Escorts Kubota shares?

Several companies carried the Escorts name or began inside the Escorts group, and their papers often turn up together. Check the full name on each certificate before you count it.

• Escorts Finance Ltd. A separate company, set up in 1987, with its own shares. It gave up its finance business and was renamed Invigorated Business Consulting Ltd in June 2023. Its shares trade at a few rupees each, and they never became Escorts shares.
• Goetze (India) Ltd. Started in 1954 as a venture between Escorts and Goetze of Germany, and was an Escorts subsidiary until 1978. It has always had its own shares and is still listed today, as Federal-Mogul Goetze (India) Ltd. A Goetze certificate is not Escorts shares, but it is worth checking in its own right. Find Your Shares covers it too.
• Escorts Yamaha, Escorts JCB, Escorts Class (Claas) and Carraro India. Joint ventures in which Escorts sold its stake for cash. Escorts shareholders never received shares in them.
• Escorts Heart Institute. The hospital company was sold to Fortis Healthcare in 2005 for cash. It is not Escorts shares.
• Kubota Corporation. Kubota’s own shares trade in Japan. Holding Escorts Kubota does not give you Kubota shares.

How do you check and claim an unclaimed Escorts dividend?

Check the unclaimed-dividend list on Escorts Kubota’s investor website, then claim from KFin Technologies if the dividend is less than seven years old. Escorts Kubota has paid a dividend every year since 2019. Any dividend that is not cashed waits in an unpaid dividend account for seven years, then moves to the IEPF.

Step 1: find out what is unclaimed

• Escorts Kubota’s investor website lists unclaimed dividends and shares already moved to the IEPF, under Investor Information.
• 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 the joint holders’ names too.

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

Write to KFin Technologies (for Escorts Kubota Limited) with the folio number, the dividends you did not receive, a cancelled cheque, and self-attested copies of your PAN card and an address proof. Paper folios must also send the ISR forms that update their KYC. For shares already in demat, send your client master list instead. Right now, dividends from 2019–20 onwards can still be claimed this way.

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. That now covers every Escorts dividend up to and including 2018–19. How to recover a dividend from the IEPF.

The bigger point: an unclaimed dividend is a warning about the shares. A folio of 409 shares was owed about ₹20,859 for 2025–26 alone. If it misses its dividends for seven years in a row, the shares themselves, worth about ₹11.07 lakh, move to the IEPF too.

How do you convert old Escorts share certificates to demat?

Open a demat account in exactly the name on the certificate, update the folio’s KYC with KFin Technologies, then hand the certificates in with a Demat Request Form through your broker or bank. For certificates from before 1987, ask the registrar to confirm the full share count on the folio first, including the bonus shares.

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, the bonus certificates included.
5. The registrar checks the signature, the folio and the distinctive numbers against the register, and the shares arrive in your demat account, usually within a few weeks if the papers are in order.

Bonus certificates that you cannot find are not lost to you. They may be in the company’s unclaimed securities suspense account, where undelivered certificates are kept, or they may need duplicates. The registrar can tell you which. The rules on physical shares in 2026.

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.

How do you check if your Escorts 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. Escorts moves a new batch every year, as each year’s dividend passes seven years unclaimed. The batch for folios that had cashed nothing since the 2018–19 final dividend was due to be claimed by 26 August 2026 and is moving now.

• Escorts Kubota’s investor website gives the details of shares already moved to the IEPF, and of shares due to move next.
• The IEPF Authority’s search at iepfa.gov.in covers shares that have already moved. Search for “Escorts Kubota 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 if the family had more than one folio, for example Escorts shares plus the Escorts shares that came from an Escorts Tractors holding.

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 Escorts Kubota shares from the IEPF?

Get an entitlement letter from KFin Technologies, file Form IEPF-5 online on the Ministry of Corporate Affairs website, then send the signed papers to Escorts Kubota’s nodal officer or the 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 the registrar 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 Escorts Kubota’s nodal officer or to the registrar: 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. Escorts Kubota 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 1975 certificate and you leave 309 shares in the queue. The entitlement letter is based on the company’s register, so it gives the full count after the bonuses.

What if the Escorts share certificates are lost?

If the shares are still with Escorts Kubota, apply to KFin Technologies for duplicate shares with Form ISR-4. If they have gone to the IEPF, you claim them with IEPF-5 instead and do not need a duplicate. When paper shares move to the IEPF, the old certificates are cancelled automatically.

For duplicates, what you need depends on what the lost shares are worth today. SEBI simplified these rules in December 2025:

• 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 and certificate numbers, plus a notice of the loss in a widely read newspaper.

With Escorts these limits are crossed quickly. ₹10,000 covers only 3 of today’s shares, and ₹10 lakh is about 369. And the count that matters is the whole folio today, bonuses included. Just 49 shares bought before December 1969, or 91 bought in 1975–77, are already above ₹10 lakh today, so a lost certificate for them needs the police report and the newspaper notice.

Open the demat account before you apply. Since 2 April 2026 the registrar credits duplicate shares straight into demat. There is no longer a “Letter of Confirmation” to carry to your broker. SEBI expects about 30 days for a complete, correct application.

Don’t know the folio number? Old dividend warrants, bank passbooks showing Escorts credits, bonus letters, or any company correspondence can give it. 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.

• Initials on the certificate, full name on the PAN card: “S. K. Malhotra” against “Surinder Kumar Malhotra”.
• “Singh” or “Kaur” added or dropped between the certificate and later documents.
• A woman’s maiden name on the certificate and her married name on everything else.
• 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 KFin Technologies with Form ISR-1, and correct every certificate on the folio at the same time, the bonus certificates included.

What if the Escorts shareholder has died?

The shares pass to the nominee or legal heirs through transmission, handled by KFin Technologies, 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. If one joint holder has died, the survivors only need the name deleted with a copy of the death certificate.

SEBI’s new transmission rules have applied since 22 August 2026:

• 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 Escorts Kubota that is at most 3 of today’s 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.

The ₹10 lakh limit is counted on today’s value of the whole folio, not on the number printed on the certificate. With Escorts Kubota that is about 369 shares, or just 49 shares from before December 1969. Above it you usually need a succession certificate or legal heir certificate, unless there is a nominee or the other heirs give no-objection. For a family in Delhi or Faridabad, see succession certificates for shares in Delhi. Read more in our guides to transmission of shares and transmission without a succession certificate.

Bought Escorts shares on paper but never got them transferred?

You can use SEBI’s special window, open until 4 February 2027, if the shares were bought before 1 April 2019 and you still have the original certificate. It is for people who bought shares from someone else, signed a transfer deed, and never became the registered holder. Escorts Kubota has opened this window with its registrar.

• It covers transfers never lodged, and transfers lodged before but rejected or returned.
• It does not cover disputed cases, or shares already moved to the IEPF.
• The shares are credited in demat only, and they are locked in for one year from the date the transfer is registered.

If the deed was signed before March 1987, the bonus shares issued after it went to the seller, who was still the registered holder. Ask the registrar exactly which shares your certificate covers before you lodge it. The full rules of the window.

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

Because with an old Escorts certificate the number printed on it is often the wrong number, and every document you need depends on the right one.

Take the family with the grandfather’s 1975 certificate for 100 shares. A generalist reads “100 shares”, values them at today’s price, gets about ₹2.71 lakh, and prepares the simple papers for a holding under ₹10 lakh. But the folio really holds 409 shares, about ₹11.07 lakh, after three bonuses. That is over the ₹10 lakh line, where a duplicate needs a police report and a newspaper notice and a transmission usually needs a succession certificate.

So the papers come back, and the family starts again months later. A family with an Escorts Tractors certificate may even be told the company no longer exists.

We work the other way round. We trace the complete holding first: the original shares, every bonus, any Escorts Tractors swap, 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.

Escorts Kubota’s registered office is in Faridabad, and 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. Share recovery in Delhi. The registrar is in Hyderabad, where our local partners work. Share recovery in Hyderabad. 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

23 September 2027 is the last date to claim the 2019–20 final dividend. Folios that have not cashed an Escorts dividend since then move to the IEPF after it. The 2018–19 batch, due by 26 August 2026, is moving now, and a new batch follows each year.

30 March 1987 is the date of the last bonus issue. A certificate dated after that already shows today’s count. Escorts has never split its shares.

9 June 2022 is when Escorts Limited became Escorts Kubota Limited. Certificates in the old name are still valid.

4 February 2027 is when SEBI’s special window for old physical transfers closes.

Holding other old certificates too? See what happened to Mahindra & Mahindra shares, Eicher Motors shares, TVS Motor shares, Force Motors shares, Kirloskar group shares and DCM Shriram shares.

Not sure how many Escorts Kubota shares your family’s certificates add up to, or whether they have gone to the IEPF? Start with Find Your Shares →

Frequently Asked Questions

Has Escorts ever issued bonus shares?
Yes, five times: 1:4 in December 1969, 1:2 in 1974, 3:5 in December 1977, 3:5 in 1979 and 3:5 in March 1987. There has been no bonus issue since March 1987.

Has Escorts Kubota ever split its shares?
No. Every Escorts share has had a face value of ₹10 since 1960, so a certificate dated after March 1987 shows exactly the number of shares the folio holds today.

How many Escorts Kubota shares do 100 old Escorts shares become today?
It depends on the date on the certificate. 100 shares from before December 1969 are about 764 today, from 1970 to 1974 about 614, from 1975 to 1977 about 409, from 1978 to 1979 256, and from 1980 to March 1987 160. A certificate dated after March 1987 is unchanged. At the 29 September 2026 price of ₹2,706.20, 409 shares are about ₹11.07 lakh.

Is an Escorts Limited share certificate still valid after the name change?
Yes. Escorts Limited was renamed Escorts Kubota Limited on 9 June 2022. It is the same company, with the same folios and the same registrar, so certificates in the old name are still valid.

What happened to Escorts Tractors Ltd shares?
Escorts Tractors Ltd merged into Escorts in 1995–96. Its shareholders received 3 Escorts shares for every 2 Escorts Tractors shares, so 100 Escorts Tractors shares are 150 Escorts Kubota shares today, about ₹4.06 lakh. The registrar, KFin Technologies, can trace the Escorts folio the merger created.

Did the Kubota deal or the 2024 merger change the number of my Escorts shares?
No. The new shares issued in 2020 and 2022, and in the 2024 merger of Kubota’s two Indian tractor companies, went to Kubota. The 2012 merger issued new shares only to the owners of two private promoter companies. An ordinary family folio kept the same number of shares, unless the family chose to sell in Kubota’s 2022 open offer.

Who is the registrar (RTA) for Escorts Kubota?
KFin Technologies Limited, in Hyderabad. It handles demat requests, KYC updates, unclaimed dividends, duplicate certificates, transmission and IEPF entitlement letters for Escorts Kubota.

When are Escorts Kubota shares transferred to the IEPF?
Every year, when a dividend passes seven years unclaimed, Escorts Kubota moves the shares of every folio that has not cashed a dividend for seven years in a row. The last date to claim the 2018–19 final dividend was 26 August 2026, and that batch is moving now. The next date is 23 September 2027, for the 2019–20 final dividend.

How do I claim Escorts Kubota shares from the IEPF?
Open a demat account, complete KYC with KFin Technologies 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, your client master list and the entitlement letter to Escorts Kubota’s nodal officer or the registrar. The company verifies the claim and reports to the IEPF Authority, which credits the shares to your demat account.

We found several Escorts certificates. How do we count them?
Add up the shares printed on all of them. Each bonus came on a new certificate and the old one stayed valid, so the total of every certificate on the folio is the holding. If only the original certificate survives, use the multiplier for its date instead. Never apply the multiplier to every certificate: that counts the same shares several times.

I have lost my Escorts share certificate. What do I do?
If the shares are still with Escorts Kubota, open a demat account, then apply to KFin Technologies for duplicate shares with Form ISR-4. Up to ₹10 lakh, about 369 Escorts Kubota 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. Because of the bonuses, just 49 shares bought before December 1969 are already above ₹10 lakh. If the shares have gone to the IEPF, you claim them with Form IEPF-5 instead.

What if the Escorts shareholder has died?
The shares pass to the nominee or legal heirs by transmission through KFin Technologies, and are credited in demat. Simplified documents apply to physical shares worth up to ₹10 lakh per company, which with Escorts Kubota is about 369 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.

Are Escorts Finance or Goetze (India) shares the same as Escorts Kubota shares?
No. Escorts Finance Ltd is a separate company, renamed Invigorated Business Consulting Ltd in June 2023. Goetze (India) Ltd began as an Escorts venture but has always had its own shares, and is now Federal-Mogul Goetze (India) Ltd. Neither certificate leads to Escorts Kubota shares.

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