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

To convert an old SRF share certificate to demat, update your KYC with the company’s registrar, KFin Technologies (formerly Karvy) in Hyderabad, open a demat account in exactly the name printed on it, and hand the certificate in with a Demat Request Form through the depository participant (DP) that runs your demat account. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5.

Many old certificates do not say SRF at all. They say Shri Ram Fibres Limited, the company’s name until 1990. The number printed on them is also out of date. In October 2021 SRF issued 4 bonus shares for every share held, so 100 shares on any certificate from before October 2021 are 500 shares today, about ₹12.43 lakh at the 8 October 2026 price of ₹2,485.20. A family that reads “100 shares” expects about ₹2.49 lakh.

Certificates from before March 2002 carry a second holding. That year SRF gave its shareholders 1 share of a new company, SRF Polymers, for every 10 SRF shares. SRF Polymers is today KAMA Holdings Limited. So 100 old SRF shares from before 2002 are 500 SRF shares plus 50 KAMA Holdings shares, about ₹13.54 lakh in all. Check what your family holds with Find Your Shares →

How many SRF shares does an old certificate represent today?

Multiply the number on the certificate by 5 if it is dated before 14 October 2021. That is the record date of SRF’s 4-for-1 bonus issue. If the certificate is also from before 15 March 2002, you hold KAMA Holdings shares too: one for every two SRF shares on the certificate.

Before 1983, check with the registrar. SRF’s corporate records point to a 1-for-2 bonus issue announced in August 1983, which would turn 100 shares into 150 before the later events. The folio’s count at KFin Technologies settles it. The table above is for one certificate. If you have more than one, see how to count them.

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

SRF has issued bonus shares, but it has never split its shares. Its face value has been ₹10 a share all along. Here is everything that changes the count on an old certificate, and what does not.

Three things that are not on this list do not change your count. SRF raised money from institutions in 2020, which created new shares for those buyers only. A 2002 buyback plan was called off before it started. And SRF’s talk of separating its films business is only a plan. No scheme has been announced, so it gives no one any shares yet.

What are old SRF shares worth today?

100 SRF shares from before March 2002 are worth about ₹13.54 lakh today: 500 SRF shares at ₹2,485.20 and 50 KAMA Holdings shares at ₹2,227.60, the 8 October 2026 prices. Prices move every day, so treat these as a guide.

SRF paid ₹10 a share in dividends over the last 12 months: ₹5 in January 2026 and ₹5 in July 2026. A folio of 500 shares was owed ₹5,000 of that. If it goes uncashed for seven years in a row, the shares themselves move to the IEPF.

Our SRF certificate is from before 2002. Do we also own KAMA Holdings shares?

Yes. Every shareholder on SRF’s register on 15 March 2002 received 1 share of SRF Polymers Limited for every 10 SRF shares, and SRF Polymers is today KAMA Holdings Limited. This is the holding families most often miss, because it sits in a different company’s register under a name nobody remembers.

• Why it happened: in 2002 SRF moved three smaller businesses, engineering plastics, fishnet twine and polyester films, into a separate company. The Delhi High Court approved the scheme in January 2002. The company was first called SRF Chemicals, then SRF Polymers.
• What it became: SRF Polymers later sold those businesses back to SRF and became the holding company of SRF’s promoters. Shareholders approved the change of name to KAMA Holdings Limited in September 2009. Its shares are listed, and it is SRF’s largest shareholder.
• How many you have: one SRF Polymers share for every 10 SRF shares, then 5 for each after KAMA’s 4-for-1 bonus in October 2023. 100 old SRF shares became 10 SRF Polymers shares, which are 50 KAMA Holdings shares today, about ₹1.11 lakh.
• Fractions: only whole shares were issued. A holding of 25 SRF shares got 2 SRF Polymers shares, not 2½. A holding under 10 got none.
• Where they are: the SRF Polymers certificate was posted separately in 2002. If the family never found it, the shares are still held for the folio by KAMA Holdings, or they have moved to the IEPF. Both are claimed through KFin Technologies, which is KAMA’s registrar too.

The two holdings are claimed separately. KAMA Holdings is its own company, with its own folio number, its own dividends and its own IEPF transfers. If both have gone to the IEPF, you file two IEPF-5 claims, one for SRF and one for KAMA.

Our certificate says Shri Ram Fibres. Is it the same company as SRF?

Yes. Shri Ram Fibres Limited was renamed SRF Limited in 1990, and it is the same company with the same folios. Old certificates and dividend warrants may spell it “Shriram Fibres” or “Shri Ram Fibres”. Either way, the registrar finds the folio under SRF Limited.

SRF is not the same as these companies, even though the names sound close:

• DCM Shriram, DCM Limited and the other DCM companies. SRF was set up by the DCM group in 1970, but it is a separate company and its shares are separate. What happened to old DCM shares.
• Shriram Finance and the Shriram companies of Chennai. They are a different group altogether. Old Shriram Transport and Shriram City shares.
• Shriram Pistons & Rings, another separate company.
• SRF Finance, a former SRF business. SRF sold it to GE Capital in the 1990s, and SRF shareholders did not get its shares.

Is an old SRF share certificate still valid?

Yes. SRF has never split its shares or replaced its certificates, so a ₹10 SRF certificate still stands for the shares printed on it. If the shares are still with the company, that certificate is what you demat.

What it does not show is the bonus. The 4-for-1 bonus shares of October 2021 were allotted to the folio as new shares, on top of the old certificate. If a bonus certificate never reached the family, the shares are still held for the folio, on the register or in the company’s unclaimed securities suspense account, where undelivered shares are kept. KFin Technologies can tell you which.

The old certificate stops being valid in one case: if the shares have moved to the IEPF, the paper certificate is cancelled automatically. The shares are not lost. They are claimed back from the IEPF instead.

We found several SRF certificates. How do we count them?

Add up the original certificates first, then multiply that total by 5. Do not multiply a bonus certificate again. Because SRF never split its shares, old certificates are never replaced. They all add up.

• Certificates from before October 2021: add them together, then multiply by 5.
• A bonus certificate from October 2021: it already shows the new shares. A family with a 1995 certificate for 100 shares and a 2021 bonus certificate for 400 holds 500 shares. Multiply the bonus certificate too and you get 2,500, which is wrong.
• A certificate that says SRF Polymers: that is the KAMA Holdings holding. Count it separately, and multiply it by 5 for KAMA’s 2023 bonus.
• Certificates with different folio numbers: each folio is a separate holding with its own KYC, dividends and IEPF transfers. Each one needs to be checked.

Did SRF’s share buybacks take our shares?

No. SRF’s three buybacks, in 2006, 2008–09 and 2011–12, all bought shares on the stock market from people who chose to sell. A folio that sat untouched on paper was not part of them, and its shares were not cancelled. A fourth buyback, planned in 2002, was called off before it began.

KAMA Holdings ran a buyback in 2023 in which shareholders could choose to offer their shares. It was optional too. Shares that were not offered are still held for the folio.

How do you check and claim an unclaimed SRF dividend?

Check the unclaimed-dividend lists on SRF’s website, then claim from KFin Technologies if the dividend is less than seven years old. 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

• SRF’s website publishes the names and folios of shareholders whose dividends are unclaimed and whose shares are due to move to the IEPF.
• 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. Check KAMA Holdings separately.

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

Write to KFin Technologies (Unit: SRF 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.

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. How to recover a dividend from the IEPF.

The bigger point: an unclaimed dividend is a warning about the shares. A folio of 500 SRF shares is owed about ₹5,000 a year. If it misses its dividends for seven years in a row, the shares themselves, worth about ₹12.43 lakh, move to the IEPF too.

How do you convert old SRF 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 the DP that runs your demat account. Do the same for any SRF Polymers certificate, which is dematted as KAMA Holdings.

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, sign it as it was signed on the register, and hand it in with a Demat Request Form through the DP that runs your demat account. The DP only passes the papers on; the registrar decides.
4. Ask for the bonus shares at the same time. If you have no 2021 bonus certificate, write to the registrar with the folio number and ask for the bonus shares to be credited to your demat account.
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.

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 SRF 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 moved to the IEPF. SRF has been moving shares since 2017, in a new batch each time a dividend passes seven years unclaimed. Its April 2026 notice covered folios that had not cashed a dividend since the first interim dividend of 2019–20, with 30 July 2026 as the last date to claim.

• SRF’s website lists the shareholders whose shares are due to move.
• The IEPF Authority’s search at iepfa.gov.in covers shares that have already moved. Search for “SRF Limited” and the holder’s name, then search again for “KAMA Holdings Limited”. It is a search by name, not by folio number. How to find IEPF shares when you only have a folio number.
• Search every old spelling of the holder’s name, and the joint holders’ names too.
• Read the count carefully. The IEPF shows today’s shares. A folio of 100 shares from the 1990s appears as 500 SRF shares, and separately as 50 KAMA Holdings shares.

If you find nothing anywhere, the shares are probably still with the company in the holder’s name, waiting to be dematted.

How do you recover SRF 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 SRF’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 confirms how many shares, and which years’ dividends, from your folio went to the IEPF. The IEPF Authority tells claimants to get it before filing, and the first question on the form asks for it.
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 SRF’s nodal officer or to the registrar: the signed IEPF-5 form and acknowledgement, the original indemnity bond on stamp paper, a copy of your Aadhaar, the original certificates or other proof of entitlement, and a cancelled cheque.
5. SRF verifies and reports to the IEPF Authority. The rules give the company 30 days from receiving your claim to file its report, and the Authority 60 days to decide once the report is complete: about 90 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 1995 certificate and you leave 400 shares in the queue. The entitlement letter is based on the company’s register, so it gives the full count after the bonus. You can file only one IEPF claim for a company in a financial year, so the first one has to be complete. KAMA Holdings counts as a separate company, so its claim can be filed in the same year.

What if the SRF share certificates are lost?

If the shares are still with SRF, 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 SRF these limits are crossed quickly. ₹10,000 covers only 4 of today’s shares, and ₹10 lakh is about 402. The count that matters is the folio today, after the bonus. Just 81 shares on a certificate from before October 2021 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 take to your DP. SEBI expects about 30 days for a complete, correct application.

Don’t know the folio number? Old dividend warrants, bank passbooks showing SRF credits, an allotment letter from a rights issue, or any company letter 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 first on the certificate, full name on the PAN card: “R. Srinivasan” against “Srinivasan Ramaswamy”. This is common on folios from Tamil Nadu, where SRF’s first tyre cord plant was built.
• The father’s name written out in one place and as an initial in another: “Rajinder Kumar Malhotra” and “Rajinder K. Malhotra”.
• A woman’s maiden name on the certificate and her married name on everything else.
• Different English spellings of the same name: “Kapoor” and “Kapur”, “Bhatia” and “Bhatiya”, “Sehgal” and “Saigal”.

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.

What if the SRF 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 SRF that is at most 4 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 SRF that is about 402 of today’s shares, or just 81 shares on a certificate from before October 2021. SRF and KAMA Holdings are counted separately, as two companies. 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.

Bought SRF 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 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 shares were bought before March 2002, the SRF Polymers shares went to the seller, who was still the registered holder. So did the 2021 bonus shares. Ask the registrar what the folio shows before you lodge the deed. The full rules of the window.

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

Because with an old SRF certificate the number printed on it is the wrong number, and a second company is hiding behind it.

Take the family with the grandfather’s 1995 certificate for 100 shares. A generalist reads “100 shares”, values them at today’s price, gets about ₹2.49 lakh, and prepares the simple papers. But the folio really holds 500 SRF shares after the 2021 bonus, plus 50 KAMA Holdings shares from 2002, about ₹13.54 lakh in all. The SRF holding alone 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. And because nobody told them about KAMA Holdings, those shares stay unclaimed, collecting dividends that will one day send them to the IEPF too.

We work the other way round. We trace the complete holding first: the original shares, the bonus, the SRF Polymers allotment and KAMA’s bonus, 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.

SRF and KAMA Holdings both have their registered offices in Delhi, 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, and many old SRF folios are in Chennai, where our local partners work. Share recovery in Chennai · Share recovery in Hyderabad.

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

30 July 2026 was the last date to claim SRF’s first interim dividend of 2019–20. Shares of folios that did not claim it are now moving to the IEPF. New batches follow each time a later dividend passes seven years unclaimed, usually twice a year.

14 October 2021 is the record date of the 4-for-1 bonus. A certificate from before it multiplies by 5.

15 March 2002 is the record date of the SRF Polymers allotment. A certificate from before it also carries KAMA Holdings shares.

1990 is when Shri Ram Fibres became SRF Limited.

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

Holding other old certificates too? See what happened to DCM shares, Reliance shares, Navin Fluorine shares, Aegis Logistics shares and Shriram Finance shares. If your papers name Karvy, see what happened to Karvy.

Not sure how many SRF and KAMA 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 SRF ever issued bonus shares?
Yes. SRF issued 4 bonus shares for every share held, with a record date of 14 October 2021, so 100 shares became 500. The company’s corporate records also show a 1-for-2 bonus announced in August 1983, which matters only for certificates older than that.

Has SRF ever split its shares?
No. SRF has never split its shares, and the face value is still ₹10 a share. That is why an old SRF certificate is still valid for the shares printed on it.

How many SRF shares do 100 old shares become today?
100 shares on a certificate from before 14 October 2021 are 500 SRF shares today, about ₹12.43 lakh at the 8 October 2026 price of ₹2,485.20. If the certificate is also from before 15 March 2002, the holder also owns 50 KAMA Holdings shares, which brings the total to about ₹13.54 lakh.

Is Shri Ram Fibres the same as SRF?
Yes. Shri Ram Fibres Limited was renamed SRF Limited in 1990. It is the same company and the same folios. SRF is not DCM Shriram, Shriram Finance or Shriram Pistons.

What are SRF Polymers or KAMA Holdings shares?
In 2002 SRF moved three smaller businesses into a separate company and gave its shareholders 1 share of it for every 10 SRF shares, with a record date of 15 March 2002. That company was called SRF Chemicals, then SRF Polymers, and is now KAMA Holdings Limited. KAMA issued 4 bonus shares for every share in October 2023, so 100 old SRF shares carry 50 KAMA Holdings shares today.

Is an old SRF share certificate still valid?
Yes, if the shares are still with the company. SRF has never split its shares, so the certificate still stands for the shares printed on it. The 2021 bonus shares were issued on top of it. If the shares have moved to the IEPF, the paper certificate is cancelled and the shares are claimed with Form IEPF-5.

Did SRF’s buybacks cancel our shares?
No. SRF’s buybacks in 2006, 2008–09 and 2011–12 all bought shares on the stock market from people who chose to sell. A folio that was never sold still holds all its shares.

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

When are SRF shares transferred to the IEPF?
Each time a dividend passes seven years unclaimed, SRF moves the shares of folios that have not cashed a dividend for seven years in a row. The last date to claim the first interim dividend of 2019–20 was 30 July 2026, and those shares are now moving. SRF usually pays two dividends a year, so new batches follow about every six months.

How do I claim SRF 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, the original indemnity bond, a copy of your Aadhaar, the original certificates or other proof of entitlement and a cancelled cheque to SRF’s nodal officer. The company has 30 days to verify the claim and the IEPF Authority 60 days to decide. If KAMA Holdings shares have moved too, file a separate claim for them.

We found an SRF certificate and a 2021 bonus certificate. Do we add them?
Yes. SRF never replaced its certificates, so they add up. But do not multiply the bonus certificate by 5, because it already shows the new shares. A 100-share certificate and a 400-share bonus certificate make 500 shares, not 2,500.

I have lost my SRF share certificate. What do I do?
If the shares are still with the company, open a demat account, then apply to KFin Technologies for duplicate shares with Form ISR-4. Up to ₹10 lakh, about 402 SRF 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 bonus, just 81 shares on a certificate from before October 2021 are already above ₹10 lakh. If the shares have gone to the IEPF, you claim them with Form IEPF-5 instead.

What if the SRF 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 SRF is about 402 of today’s 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.

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