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

To convert an old Radico Khaitan share certificate to demat, open a demat account in exactly the name printed on it, update your KYC with Radico’s registrar, KFin Technologies, and hand the certificate in through your broker or bank with a Demat Request Form. Every Radico Khaitan or Rampur Distillery certificate from before January 2006 shows ₹10 shares, and each of those shares is now 5 Radico Khaitan shares. So the count in your demat account will be five times the number printed. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5.

That multiplier is why an old Radico certificate is worth far more than the number on it suggests. 100 old ₹10 shares are 500 shares today, about ₹22.79 lakh at the 25 September 2026 price of ₹4,557. A single old ₹10 share is worth about ₹22,786.

Radico paid a dividend of ₹9 a share for 2025–26, so 100 old shares earn about ₹4,500 a year. 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 Radico Khaitan shares does an old certificate represent today?

Five for every ₹10 share, and one for every ₹2 share. Look at the face value printed on the certificate. If it says ₹10 and the name is Radico Khaitan or Rampur Distillery, each share on it has become 5. The one exception is a certificate in the name Abhishek Cements, explained below.

The 5 comes from the 2006 split. In January 2006 Radico divided each ₹10 share into five ₹2 shares. The record date was 16 January 2006. The value of the holding did not change on that day, but the number of shares went up five times.

A family often holds more than one certificate: the original shares, shares bought later, and the new ₹2 certificates sent in 2006. Count each one by its own face value, then add them up. The registrar can confirm the total for the whole folio.

Is a Rampur Distillery or old Radico Khaitan certificate still valid?

Yes. The shares behind a Rampur Distillery or pre-2003 Radico Khaitan certificate carried straight through into today’s Radico Khaitan, one for one. The name and the company’s legal shell changed, but a holder of the old company got one share in the new one for every share held.

• 1943: Rampur Distillery & Chemical Company Limited. The distillery at Rampur in Uttar Pradesh, still the registered office today. The Khaitan family took it over in 1972.
• Late 1990s: renamed Radico Khaitan Limited. Same company, same shares. The 8PM whisky launched in 1999 under this name.
• 2003: merged into Abhishek Cements, which took the name Radico Khaitan Limited. This was a “reverse merger”: the liquor company was folded into a smaller listed cement company, which then renamed itself. Every old Radico Khaitan shareholder got 1 share of the merged company for every 1 share held. This is the Radico Khaitan listed today.

Because of the 2003 merger, today’s Radico Khaitan is legally a different company from the one on a pre-2003 certificate. Its records show it as incorporated in 1983, the year Abhishek Cements was formed, and its share code is different from the old one. That confuses many families. It does not cancel your shares: the old holding was carried into the new company one for one. When you write to the registrar or search the IEPF, use “Radico Khaitan Limited” and quote the folio number from the old certificate.

If your certificate is very old or shows a face value other than ₹10, ask KFin to confirm the count before anything else. Companies founded in the 1940s sometimes issued shares of ₹100, and records of changes made before the 1990s are not always easy to find.

What happened to Abhishek Cements shares?

Every 10 Abhishek Cements shares became 1 share of the merged Radico Khaitan in 2003, and that share then became 5 in 2006. So 100 Abhishek Cements shares are 50 Radico shares today, worth about ₹2.28 lakh.

Abhishek Cements was in financial trouble, and the 2003 merger was part of a rescue scheme. Its share capital was first cut to one-tenth: each ₹10 share was reduced to ₹1. Then every ten of those ₹1 shares were combined into one ₹10 share. After that the old Radico Khaitan was merged in, and the company took the Radico name.

This is the opposite of the usual mistake. Most families underestimate old shares. An Abhishek Cements holder who multiplies by 5, as for a Radico certificate, will expect 500 shares for 100 and find only 50. Check the name on the certificate before you work out the count.

Has Radico Khaitan issued bonus shares? Its full share history

No. Radico Khaitan has never issued bonus shares. The only change to the number of shares an old holder owns came from the 2006 split, plus the 2003 merger for anyone who held Abhishek Cements. Here is every event that affects an old Radico shareholder, from the company’s own records and exchange filings:

Since 2006, nothing has changed the number of shares an old holder owns. Radico has issued some new shares to employees under its stock option scheme, but those do not affect the count on a family’s certificate.

What are 100 old Radico Khaitan shares worth today?

About ₹22.79 lakh for 100 old ₹10 shares, and about ₹4.56 lakh for 100 ₹2 shares. These figures use the 25 September 2026 price of ₹4,557 a share. Share prices move every day, so treat them as a guide.

A family example

Say a grandfather in Delhi held 200 Radico Khaitan shares on a ₹10 certificate from the late 1990s. In 2003 they became 200 shares of the merged company, and in January 2006 the split turned them into 1,000 shares. The new ₹2 certificates were posted to an address the family had already left, and nobody cashed a dividend for seven years. The shares moved to the IEPF.

Today those 1,000 shares are worth about ₹45.57 lakh, and they pay about ₹9,000 a year in dividends. The family found the old certificate and read “200 shares”, which at today’s price looks like about ₹9.11 lakh. The folio really holds 1,000 shares, five times that.

Is an old ₹10 Radico share certificate still valid after the 2006 split?

Yes, the shares behind it are still yours, but the registrar matches the certificate to the folio before it can be dematted. In January 2006 Radico split every ₹10 share into five ₹2 shares, and holders on paper were due new ₹2 certificates.

So a family usually finds one of two situations:

• You have the ₹2 certificates from 2006. These can be dematted in the normal way.
• You have only ₹10 certificates, in the name Radico Khaitan, Rampur Distillery or Abhishek Cements. The 2006 certificates may have been posted and lost, returned undelivered, or never exchanged. Write to KFin Technologies with the folio number and copies of the ₹10 certificates. They will confirm how many ₹2 shares the folio holds and how to have them credited to your demat account. If the ₹2 certificates are lost, it becomes a duplicate case (see below).

Either way, the number of shares does not shrink. A ₹10 Radico certificate for 10 shares is 50 shares today, worth about ₹2.28 lakh.

What was Radico Khaitan’s share price in the past, and why do old charts look so low?

Most websites show Radico’s prices from before January 2006 divided by 5, to adjust for the split. So a price you see on a chart for 2004 or 2005 is one-fifth of what a ₹10 Radico share actually sold for that day. Multiply the chart price by 5 to get the real price of the share printed on your certificate.

Prices from before the 2003 merger are harder to find, because the old Radico Khaitan traded under a different share code that has since been closed. Many charts start only in 2003. None of this changes what your certificate is worth today: today’s price times five for a ₹10 Radico certificate.

Which “Radico” or “Khaitan” share certificates are not Radico Khaitan shares?

Several other companies share the Radico or Khaitan name and are not part of your Radico Khaitan folio. Their shares are not multiplied by 5:

• Radico Khaitan Finance Limited. A different company, with its own shares, that is no longer traded. Check the full name on the certificate.
• Khaitan Chemicals & Fertilizers Limited. A separate listed company with its own registrar and its own IEPF list. It often shows up in searches for “Radico Khaitan IEPF”.
• Other companies named Khaitan, such as makers of fans and electricals. The Khaitan name is shared by several unrelated businesses.

8PM, Magic Moments and Rampur Single Malt are Radico brands, not separately listed companies. Their value sits inside your Radico Khaitan shares.

How do you check and claim an unclaimed Radico dividend?

Search Radico’s investor website for unclaimed dividends, then claim from KFin Technologies if the dividend is less than seven years old. Radico pays one dividend a year, usually around July or August. Any dividend that is not cashed goes into an unpaid dividend account and waits there for seven years. After that it moves to the IEPF.

Step 1: find out what is unclaimed

• Radico’s investor website publishes the list of shareholders whose shares are due to move to the IEPF, with their unclaimed dividends. Radico transfer of shares to IEPF page.
• The IEPF Authority’s search at iepfa.gov.in shows dividends and shares that have already moved. How to search the IEPF step by step.
• Search under every spelling of the holder’s name, and the joint holders’ names too.

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

Write to KFin Technologies (for Radico Khaitan 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 of the folio details.

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

Step 3: a dividend more than seven years old

It has already gone to the IEPF, and the only way to get it back is Form IEPF-5. Radico has already moved every unpaid dividend from before 2018–19. How to recover a dividend from the IEPF.

The bigger point: an unclaimed dividend is a warning about the shares. At ₹9 a share, a folio of 500 shares misses about ₹4,500 a year. If it misses them for seven years in a row, the shares themselves, worth about ₹22.79 lakh, move to the IEPF too. For folios that have not cashed a dividend since 2018–19, that happens after 10 October 2026.

How do you convert old Radico Khaitan 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 ₹10 certificates from before January 2006, ask KFin to confirm the ₹2 share count first.

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

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

How do you check if your Radico Khaitan 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. Radico moves a new batch every year, as each year’s dividend passes seven years unclaimed. The next batch, for folios that have not cashed a dividend since 2018–19, moves after 10 October 2026.

• Radico’s investor website lists the shareholders whose shares are due to move, and the batches already moved. Radico transfer of shares to IEPF page.
• The IEPF Authority’s search at iepfa.gov.in covers shares that have already moved. Search for “Radico Khaitan Limited” and the holder’s name, not for Rampur Distillery or Abhishek Cements. 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 shares held jointly with different people, or shares bought in different names.
• Check the company name carefully. Khaitan Chemicals & Fertilizers also publishes IEPF lists. They are not Radico Khaitan shares.

A certificate that the post office returned to the company undelivered may instead be in Radico’s unclaimed securities suspense account, which the registrar can check. This can happen with the 2006 split certificates. 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 Radico Khaitan 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 Radico’s nodal officer or KFin 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 KFin Technologies 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 Radico’s nodal officer or to KFin Technologies: 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. Radico 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 200 printed on a ₹10 certificate for 200 shares and you leave 800 shares in the queue. The entitlement letter is based on Radico’s register, so it gives the full count after the 2006 split.

What if the Radico Khaitan share certificates are lost?

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

• Shares still with Radico: the registrar must first cancel the lost certificate and issue duplicate shares, credited straight to your demat account. This is the process in the next section.
• Shares already in the IEPF: when paper shares move to the IEPF, the company issues new certificates in the IEPF’s name and the old ones are cancelled. There is nothing left to duplicate. You claim with IEPF-5 and the entitlement letter, which is based on the company’s register, not on the paper in your hand.
• Only an old ₹10 certificate survives and the 2006 certificates are missing: this is very common. The old certificate is evidence of the folio, and the registrar can trace the ₹2 shares from it.

Don’t know the folio number? Old dividend warrants, bank passbooks showing Radico dividend credits, the 2003 merger allotment letter, the 2006 split letter or any company correspondence can give it. With the holder’s name and an old address, the registrar can usually trace the folio.

How do you get a duplicate Radico Khaitan 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 duplicate shares are now issued in demat only.

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

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

With Radico these limits are crossed quickly. ₹10,000 covers only 2 of today’s ₹2 shares, and ₹10 lakh is about 219. A single old ₹10 share is worth about ₹22,786, so no old certificate qualifies for the plain-paper route. A lost certificate for just 44 old ₹10 shares is 220 shares today, about ₹10.03 lakh, so it already needs the police report and the newspaper notice. The steps:

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 Technologies with the affidavit-cum-indemnity bond, the police report and notice if needed, and your demat details.
5. The shares are credited to your demat account once the registrar completes its checks. SEBI expects about 30 days for a complete, correct application.

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

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

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

This is very common with old Radico folios, many of which date from long before computers. Typical cases:

• Initials on the certificate, full name on the PAN card: “R. K. Agarwal” against “Ram Kishore Agarwal”.
• A woman’s maiden name on the certificate and her married name on everything else.
• Spelling changes over time: “Laxmi” and “Lakshmi”, “Mohd.” and “Mohammad”, 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 Technologies with Form ISR-1. Correct every certificate on the folio at the same time, so they can be dematted together.

How do joint holders convert or claim Radico Khaitan 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 2006 split certificates carry the same names in the same order as the original ₹10 certificate.

• 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 Radico Khaitan 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.

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

• Simplified documents for physical shares worth up to ₹10 lakh per listed company, doubled from ₹5 lakh.
• Quick processing for physical holdings up to ₹10,000 where the claimant is a parent, spouse, child or parent-in-law. With Radico that is at most 2 of today’s ₹2 shares, and no old ₹10 certificate at all.
• 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 Radico, the ₹10 lakh limit is reached quickly. It is about 219 shares today, or just 44 old ₹10 shares. The limit is counted on today’s value of the whole folio, not on the number printed on the certificate. Above it 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.

Bought Radico Khaitan 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.

• It covers transfers never lodged, and transfers lodged before but rejected or returned.
• It does not cover cases where the original certificate is lost, 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. You cannot sell or pledge them during that year.

Lodge through KFin Technologies with the original certificate, the transfer deed and your demat details. If the deed was signed before January 2006, the 2006 split certificates were issued 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 Radico the number printed on the certificate is the wrong number, and every document you need depends on the right one.

Take the family with the grandfather’s certificate for 200 shares. A generalist reads “200 shares”, values them at today’s price, gets about ₹9.11 lakh, and prepares the simple papers for a holding under ₹10 lakh. But the folio really holds 1,000 shares, about ₹45.57 lakh, after the 2006 split. That is far over the ₹10 lakh line, where a duplicate needs a police report and a newspaper notice and a transmission usually needs a succession certificate. The papers come back, and the family starts again months later. With an Abhishek Cements certificate the error runs the other way, and the family chases shares that do not exist.

We work the other way round. We trace the complete holding first: the original shares, the 2003 merger, the 2006 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.

Radico’s registrar is in Hyderabad, and our local partners work there. Share recovery in Hyderabad. But the IEPF claim itself is decided in Delhi, where the IEPF Authority sits, and Radico’s corporate office is in Delhi too. Our team is in Delhi, so we can follow your file up in person, not by letter from another city. Share recovery in Delhi. 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

10 October 2026 is the deadline for the next IEPF batch. Folios that have not cashed a Radico dividend since 2018–19 must get a claim to KFin Technologies by then, or the shares move to the IEPF.

January 2003 is when the rescue scheme merging Radico Khaitan into Abhishek Cements was sanctioned. Old Radico shares carried over one for one. Every 10 Abhishek Cements shares became 1.

16 January 2006 is the record date for the split. Every ₹10 share became five ₹2 shares. Radico has never issued bonus shares.

Every year, when Radico’s dividend passes seven years unclaimed, the shares of every folio that has not cashed a dividend for seven years in a row move to the IEPF.

4 February 2027 is when SEBI’s special window for old physical transfers closes. It covers shares bought on paper before 1 April 2019 whose transfer was rejected, returned or never lodged. Shares already moved to the IEPF are not covered.

Holding other old certificates too? See what happened to Reliance Industries shares, Hindustan Lever shares, Titan shares, Asian Paints shares and Mahindra & Mahindra shares.

Not sure how many Radico shares your family’s certificates add up to, or whether they are about to go to the IEPF? Start with Find Your Shares →

Frequently Asked Questions

Has Radico Khaitan ever issued bonus shares?
No. Radico Khaitan has never issued bonus shares. The only change to an old holder’s share count came from the January 2006 split (record date 16 January 2006), when each ₹10 share became five ₹2 shares, plus the 2003 merger for anyone who held Abhishek Cements shares.

How many Radico Khaitan shares do 100 old shares become today?
100 shares on a ₹10 Radico Khaitan or Rampur Distillery certificate are 500 Radico Khaitan shares today, about ₹22.79 lakh at the 25 September 2026 price of ₹4,557. 100 Abhishek Cements shares are 50. 100 ₹2 shares from 2006 onwards are still 100.

Is a Rampur Distillery share certificate still valid?
Yes. Rampur Distillery & Chemical Company was renamed Radico Khaitan in the late 1990s, and in 2003 its shares carried over one for one into today’s Radico Khaitan Limited. A Rampur Distillery ₹10 certificate is counted like any other old ₹10 Radico certificate: each share on it is 5 shares today. If the certificate shows a face value other than ₹10, ask the registrar to confirm the count.

What happened to Abhishek Cements shares?
In 2003 the old Radico Khaitan was merged into Abhishek Cements, which took the Radico Khaitan name. Abhishek Cements’ own capital was cut to one-tenth, so every 10 Abhishek Cements shares became 1 share. After the 2006 split, 100 Abhishek Cements shares are 50 Radico Khaitan shares today.

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

When are Radico Khaitan shares next being transferred to the IEPF?
Radico has written to shareholders who have not cashed any dividend since 2018–19. If a claim does not reach KFin Technologies by 10 October 2026, those shares will be moved to the IEPF Authority. After that they can be recovered only with Form IEPF-5.

How do I claim Radico Khaitan 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 Radico’s nodal officer or KFin. The company verifies the claim and reports to the IEPF Authority, which credits the shares to your demat account.

I have lost my Radico Khaitan share certificate. What do I do?
If the shares are still with Radico, open a demat account, then apply to KFin Technologies for duplicate shares with Form ISR-4. Up to ₹10 lakh, about 219 Radico 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 each old ₹10 share is 5 shares today, a lost certificate for just 44 old shares is already above ₹10 lakh. If the shares have gone to the IEPF, you claim them with Form IEPF-5 instead.

What if the Radico Khaitan 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 Radico is only about 219 shares, or 43 old ₹10 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.

Is Radico Khaitan Finance the same as Radico Khaitan?
No. Radico Khaitan Finance Limited is a different company with its own shares, no longer traded. Khaitan Chemicals & Fertilizers is also a separate company with its own IEPF list. Only Radico Khaitan, Rampur Distillery and Abhishek Cements certificates lead to Radico Khaitan shares.

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