Old Larsen & Toubro (L&T) Shares and Unclaimed Dividends: What Your Certificate Is Worth Today and How to Claim It

To claim an unclaimed Larsen & Toubro (L&T) dividend, write to L&T’s registrar, KFin Technologies, with your folio number, a cancelled cheque and a self-attested PAN copy, and make sure the folio’s KYC is complete. If the dividend is more than seven years old, it has already gone to the IEPF, and you claim it back with Form IEPF-5. 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.

And with L&T, the shares are worth far more than the dividends. An old L&T certificate almost never shows what you own today. If the certificate is from before June 2004, it was cancelled that year in the cement demerger, and replaced by new L&T shares plus shares of a second company, UltraTech Cement. Many families never received the new certificates, or never noticed the UltraTech ones.

100 L&T shares bought in the 1990s are 450 L&T shares and 40 UltraTech shares today, worth about ₹21.90 lakh (25 September 2026 prices). 100 shares bought in 1980 are 1,152 L&T and 102 UltraTech shares, about ₹56.03 lakh.

This guide covers every situation we see with L&T shares: unclaimed dividends, what an old certificate is worth now, the 2004 demerger, the UltraTech shares, 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.

How do you check and claim an unclaimed L&T dividend?

Check the list L&T publishes on its investor website, then claim from its registrar, KFin Technologies, if the dividend is less than seven years old. Every dividend that is not cashed goes into L&T’s unpaid dividend account. It waits there for seven years. After that the law requires L&T 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

• L&T’s investor website carries the details of holders with unclaimed dividends, under “Unclaimed Dividend and Shares”. L&T investor website.
• 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 often shows only initials.

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

Write to KFin Technologies, L&T’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. L&T cannot pay it any more. The claim runs through L&T’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, along with every bonus share. For an old L&T folio that is often lakhs of rupees of shares, not a few hundred rupees of dividend.

How many L&T shares does an old certificate represent today?

Look at the face value printed on the certificate first. ₹10 means it is from before June 2004. ₹2 means it is from after. Then find the date in the table below, and multiply the number of shares printed on the certificate by the figures in that row.

Three things to know when you use this table:

• Fractions were paid in cash, not rounded up. So the real count can be a share or two below the multiplied figure. That is normal.
• Bonus certificates follow the same table by their own date. A 2006 bonus certificate for 100 shares carries the 2008, 2013 and 2017 bonuses, so it is 450 shares today.
• If your certificate shows any other 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 L&T closed at ₹3,876.20 and UltraTech at ₹11,155.

What happened to L&T shares in 2004?

In 2004 L&T moved its cement business into a new company, UltraTech CemCo, and reorganised its own shares. Every 10 old L&T shares of ₹10 became 5 new L&T shares of ₹2, plus 4 UltraTech CemCo shares of ₹10. UltraTech CemCo was renamed UltraTech Cement later that year. The deal handed the cement business to the Aditya Birla group’s Grasim.

The reorganisation worked in two steps, as L&T told the exchanges at the time. First the face value of every share was cut from ₹10 to ₹1, because the cement assets behind it had left the company. Then every two of those ₹1 shares were joined into one new share of ₹2. That is why 10 became 5.

So an old ₹10 L&T certificate is no longer a tradeable share. L&T’s own records say the new shares were posted in the first week of June 2004 “in cancellation of old certificates of Rs.10/- each which are no longer tradeable”. If the new certificates never arrived, perhaps because the family had moved, the registered holder can ask the registrar for them with a signed request letter. The old certificate is still valuable as evidence: it proves the folio, the holder and the number of shares. Keep it safe.

What usually happened to certificates that were posted but never delivered: the shares went into an “unclaimed suspense account” that the company holds in demat for the owner. If the dividends on those shares then went unclaimed for seven years, the shares moved on from there to the IEPF. Either way, the shares are traceable from the folio.

Which bonus issues has L&T made?

L&T has made ten bonus issues, from 1965 to 2017, and has never split its shares. A bonus issue gives existing holders free extra shares. “1:2” means one free share for every two held. The years below are from L&T’s own records; the months for the recent ones are from exchange records.

The last column shows the running count for someone who held 100 shares before the first bonus in 1965, with fractions dropped each time, as they were paid in cash. For most families the starting point is later, and the next section shows three typical cases.

L&T also bought back shares in 2018 and 2023. A buyback only reduces your holding if you chose to sell shares into it. If you did nothing, your count did not change.

Worked examples: what do 100 old L&T shares become?

100 shares bought in the 1990s (any time from 1986 to May 2004)

• May 2004: 100 old shares → 50 new L&T shares + 40 UltraTech shares
• 2006 bonus 1:1: 50 → 100
• 2008 bonus 1:1: 100 → 200
• 2013 bonus 1:2: 200 → 300
• 2017 bonus 1:2: 300 → 450
• Today: 450 L&T (about ₹17.44 lakh) + 40 UltraTech (about ₹4.46 lakh) = about ₹21.90 lakh

100 shares bought in 1980

• 1982 bonus 3:5: 100 → 160
• 1986 bonus 3:5: 160 → 256
• May 2004: 256 → 128 new L&T shares + 102 UltraTech shares (plus cash for the fraction)
• 2006, 2008, 2013, 2017 bonuses: 128 → 256 → 512 → 768 → 1,152
• Today: 1,152 L&T (about ₹44.65 lakh) + 102 UltraTech (about ₹11.38 lakh) = about ₹56.03 lakh

100 shares bought in 1975

• 1977 bonus 1:2: 100 → 150
• 1982 and 1986 bonuses 3:5: 150 → 240 → 384
• May 2004: 384 → 192 new L&T shares + 153 UltraTech shares (plus cash for the fraction)
• 2006 to 2017 bonuses: 192 → 1,728
• Today: 1,728 L&T (about ₹66.98 lakh) + 153 UltraTech (about ₹17.07 lakh) = about ₹84.05 lakh

Values use the closing prices on 25 September 2026: L&T ₹3,876.20, UltraTech ₹11,155. They move 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 the UltraTech shares from the demerger?

They are a separate holding in a separate company, and families forget them more often than anything else. Anyone on L&T’s register on 27 May 2004 received 4 UltraTech CemCo shares for every 10 old L&T shares. Paper holders got a separate UltraTech CemCo certificate. UltraTech has not issued a bonus or split its shares since then, so the count on that certificate is still the count today.

• A certificate that says “L&T Cement” or “UltraTech CemCo” is UltraTech Cement. Only the name changed.
• The registrar is the same: KFin Technologies handles both L&T and UltraTech, so one set of KYC documents serves both folios.
• But everything else is separate: a separate folio, separate dividends, a separate IEPF transfer if the dividends went unclaimed, and a separate IEPF-5 claim through UltraTech’s own Nodal Officer.
• 40 UltraTech shares are worth about ₹4.46 lakh. For a 1980 holding, the 102 UltraTech shares are about ₹11.38 lakh on their own.

UltraTech shares also came from Grasim, Century Textiles, Kesoram and Narmada Cement, each at its own ratio. How old cement certificates turn into UltraTech shares · How to recover old UltraTech shares.

What did L&T shareholders not get?

Apart from UltraTech in 2004, L&T has never handed its shareholders shares of another company. People often assume otherwise, because L&T has several listed group companies. Here is what did not come free with L&T shares:

• L&T Infotech, now LTIMindtree: came to the market through a public issue in 2016. L&T shareholders could apply like anyone else. No free shares.
• L&T Technology Services: also a public issue, in 2016. No free shares.
• L&T Finance (earlier L&T Finance Holdings): a public issue in 2011. No free shares.
• The businesses L&T sold, such as the glass business in 2004 and the electrical and automation business in 2020, were sold for cash. Shareholders got nothing directly.

If you hold certificates of any of these companies, they are separate holdings with their own registrars, not part of your L&T folio.

How do you convert old L&T certificates to demat?

Open a demat account in exactly the name on the certificate, update the folio’s KYC with KFin Technologies, then give the valid certificates to your broker or bank with a demat request form. The registrar checks the folio and the signature, and credits the shares to your demat account.

1. Work out which certificates are valid. Only the ₹2 certificates, issued from June 2004, can be converted. An old ₹10 certificate cannot: ask the registrar for the replacement shares instead (see above).
2. Open a demat account in the same name, or the same names in the same order for a joint holding.
3. 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.
4. Hand in the certificates with a Demat Request Form through your broker or bank. Deface them with “Surrendered for Dematerialisation” only as your broker tells you.
5. The shares arrive in your demat account, usually within a few weeks if the papers are in order.

Do the UltraTech folio at the same time. Same registrar, same KYC, same demat account. 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 L&T 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. L&T 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 dividend; the last date to stop it was 7 August 2026.

• L&T’s investor website lists the holders whose shares are due to move. L&T investor website.
• The IEPF Authority’s search at iepfa.gov.in covers shares that have already moved. Search for “Larsen & Toubro 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. The 2004 shares and the four bonus issues since were often separate certificates, so they can have moved in different batches.
• Search UltraTech Cement separately. Its transfers are its own.

Shares moved to the IEPF keep collecting their benefits there: bonus shares issued after the transfer are credited to the IEPF too. So shares that moved before a bonus issue still come back with that bonus when you claim. If you find nothing, the shares may still be with L&T, which is better news: you can demat them directly. We can run the search for you.

How do you recover L&T 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 L&T’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 KFin and ask for an entitlement letter. It states how many shares and how much dividend on your folio went to the IEPF. L&T asks claimants to get this letter from KFin before filing, and since October 2025 it 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 L&T’s Nodal Officer, at the address on L&T’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. L&T 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, and the UltraTech folio too. One IEPF-5 covers one company, so L&T and UltraTech are two claims, with two entitlement letters and two Nodal Officers. Claim only the number printed on your old certificate, and you leave the bonus shares, and the UltraTech half, in the queue.

What if the L&T share certificates are lost?

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

• Shares still with L&T: 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, 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 L&T’s register, not on the paper in your hand. Families often spend months getting a duplicate they never needed.
• Only the old ₹10 certificate is lost: it was cancelled in 2004 anyway. What matters is where the replacement ₹2 shares are.

Don’t know the folio number? Old dividend warrants, bank passbooks showing L&T dividend credits, the 2004 letters about the demerger, or any L&T or UltraTech 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 L&T share certificate?

Apply to KFin Technologies 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 L&T, ₹10 lakh is only about 258 shares at today’s price. A lost 2004 certificate for 60 shares is already 540 shares today, about ₹20.93 lakh. So most lost L&T 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 KFin 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 L&T folios, many of which go back to the 1970s and 1980s. Typical cases:

• Initials on the certificate, full name on the PAN card: “S. R. Iyer” against “Subramanian Ramaswamy Iyer”.
• A woman’s maiden name on the certificate and her married name on everything else.
• Spelling changes over time: “Shah” and “Sha”, “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 KFin with Form ISR-1. Fix it on the UltraTech folio too; it will carry the same old spelling.

How do joint holders convert or claim L&T 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 2004 L&T and UltraTech certificates and all the bonus certificates carry the same names in the same order as the original folio, 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 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 L&T 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 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.

The ₹10 lakh limit is per company, so L&T and UltraTech are counted separately. 40 UltraTech shares (about ₹4.46 lakh) can sit under the limit while the 450 L&T shares from the same old folio (about ₹17.44 lakh) are 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 L&T the certificate in your hand is rarely the whole story.

Take a family with an L&T certificate from 1980 for 100 shares of ₹10. A generalist reads “no longer tradeable”, or sees “100 shares” and prices the job on that. The folio actually leads to 1,152 L&T shares and 102 UltraTech shares, about ₹56.03 lakh, on as many as six separate certificates: the 2004 L&T certificate, the 2004 UltraTech certificate, and four L&T bonus certificates since. Some may sit in a suspense account, some in the IEPF, moved in different years, in two different companies. 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 demerger, every bonus, both folios, 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. L&T verifies the claim in Mumbai, 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. 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 letters, 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 L&T transfer to the IEPF covers folios with no dividend cashed since the first interim dividend for 2019–20, which L&T paid in spring 2020 (record date 26 March 2020). On the seven-year rule, that batch falls due in the first half of 2027. L&T writes to the holders and publishes a newspaper notice a couple of months before each transfer. Cashing any one dividend before the transfer keeps the shares with the company, so check now.

27 May 2004 is the date that decides how to read an old certificate. A ₹10 certificate is from before it, was cancelled, and entitles you to new L&T shares plus UltraTech shares. A ₹2 certificate is from after it and is multiplied only by the bonuses that came later.

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 L&T 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 blue-chip certificates too? See what happened to old Reliance shares, Tata Steel shares or Hindustan Lever shares. L&T’s head office is in Mumbai; our guide to share recovery in Mumbai covers the local side.

Not sure what your L&T certificate is worth, or whether you also hold UltraTech shares? Start with Find Your Shares →

Frequently Asked Questions

How do I check my Larsen & Toubro unclaimed dividend?
L&T publishes the details of holders with unclaimed dividends on its investor website, investors.larsentoubro.com, under Unclaimed Dividend and Shares. 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 L&T dividend?
If the dividend is less than seven years old, write to L&T’s registrar, KFin Technologies, 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.

What happens to L&T dividends that stay unclaimed for seven years?
They are transferred to the Investor Education and Protection Fund (IEPF). And if no dividend on a folio is cashed for seven consecutive years, the shares on that folio are transferred to the IEPF too, with all their bonus shares. Both the dividends and the shares can be claimed back from the IEPF with Form IEPF-5.

When is L&T’s next transfer of shares to the IEPF?
L&T’s latest batch covers folios with no dividend cashed since the 2018-19 dividend; the deadline to stop it was 7 August 2026. The next batch covers folios with no dividend cashed since the first interim dividend for 2019-20, paid in spring 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.

What did L&T shareholders get in the 2004 cement demerger?
For every 10 L&T shares of ₹10 held on the record date, 27 May 2004, shareholders got 5 new L&T shares of ₹2 and 4 shares of UltraTech CemCo, now UltraTech Cement. Fractions were sold and the money was sent to holders on 6 September 2004. The new L&T certificates were posted in the first week of June 2004.

My L&T share certificate is from before 2004 and says ₹10. Is it still valid?
It is no longer a tradeable share: the old ₹10 certificates were cancelled in the 2004 demerger and replaced by new ₹2 L&T shares and UltraTech shares. But it is valuable evidence of the folio and the holding. If the new certificates never arrived, the registered holder can ask the registrar, KFin Technologies, for them. If they went unclaimed, the shares may be in the company’s unclaimed suspense account or with the IEPF, and they can be traced from the folio.

How many L&T shares do 100 old shares become today?
It depends on when they were bought. 100 shares of ₹10 held from 1986 until May 2004 are 450 L&T shares and 40 UltraTech shares today. 100 shares bought in 1980 are 1,152 L&T and 102 UltraTech shares. 100 shares bought in 1975 are 1,728 L&T and 153 UltraTech shares. A ₹2 certificate from 2004 or 2005 is worth 9 times the number printed on it.

What bonus issues has L&T made?
Ten: 1:7 in 1965, 1:10 in 1970, 1:3 in 1973, 1:2 in 1977, 3:5 in 1982, 3:5 in 1986, 1:1 in September 2006, 1:1 in October 2008, 1:2 in July 2013 and 1:2 in July 2017. A ratio of 1:2 means one free share for every two held.

Has L&T ever split its shares?
No. L&T has never split its shares. The face value changed from ₹10 to ₹2 in the 2004 demerger, and that was not a split: the face value was cut to ₹1 and every two shares were joined into one of ₹2, so every 10 old shares became 5 new ones, plus 4 UltraTech shares.

Did L&T shareholders get shares of LTIMindtree, L&T Technology Services or L&T Finance?
No. L&T Infotech (now LTIMindtree) and L&T Technology Services came to the market through public issues in 2016, and L&T Finance through a public issue in 2011. L&T shareholders could apply like anyone else, but no free shares were given. The only company whose shares L&T shareholders received free is UltraTech Cement, in 2004.

Who is the registrar (RTA) for L&T and UltraTech?
KFin Technologies Limited, Hyderabad, for both Larsen & Toubro and UltraTech Cement. Demat requests, KYC updates, unclaimed dividends, duplicate certificates, transmission and IEPF entitlement letters for both companies go through KFin, but each company’s folio is handled separately.

How do I claim L&T 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, the client master list and the entitlement letter to L&T’s Nodal Officer. L&T verifies the claim and the IEPF Authority releases the shares and dividends to your demat account. UltraTech shares from the same old folio need a separate claim.

I have lost my L&T share certificate. What do I do?
If the shares are still with L&T, open a demat account, then apply to KFin Technologies for duplicate shares with Form ISR-4. Up to ₹10 lakh, about 258 L&T 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. If the shares have already gone to the IEPF, you do not need a duplicate: you claim with Form IEPF-5 instead.

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