Tata Consultancy Service Ltd. (TCS) is an IT sector market leader in India and is one of the largest IT MNCs in the world. The company specialises in IT outsourcing and consultancy services and has a repute for giving the best solutions to any client. It has handled many projects from the government and private sector since its inception. The exponential growth of the company in the last two decades was evident when it crossed the benchmark of 100-Billion Dollars in market capitalization in 2018. The company was the first in the Indian IT sector to cross this milestone and the second overall in the Indian market.
During the tough times of the COVID pandemic incited lockdown, the company never failed to impress even while working from home. The numbers kept on increasing and in March 2020, it beat Reliance to become India’s most valued company with a market capitalization valuing Rs. 6959.73 crores. In September 2020, TCS became the first IT company and the second Indian firm after Reliance Industries Limited (RIL) to reach Rs. market capitalization of 9 trillion. In the following month, it became the world’s most valuable IT firm beating Accenture.
Growth in shares of TCS
The growth potential of the company is indicated by the following calculation regarding shares brought by a TCS investor in 2004 and its value in 2021.
This meant for one share owned by the investor, TCS gave 1 bonus share. So, the net number of shares for the investor became 1000.
Rs. 3111.35 x 4,000 shares = Rs. 1,24,45,400 (One Crore Twenty Four Lakhs Forty-Five Thousand Four Hundred)
So, we can see that just Rs. 61 thousand invested in TCS in 2004 would have grown to more than a crore rupees in January 2021. And this price is only the share growth. It doesn’t constitute the dividends paid by TCS on the stocks. If we add the amount for dividend then the returns will be even bigger. Hence, we recommend that if you have any old share of TCS lying dormant with IEPF then you must make claims for it as its value by today’s terms would be huge.
Dividend Shared by TCS Since 2004
The following table will give detailed information on dividends released by TCS in the last decade.
|Announcement Date||Effective Date||Dividend Type||Dividend (%)||Remarks|
|31/12/2020||14/01/2021||Interim||600%||Rs.6.0000 per share (600%) Third Interim Dividend|
|30/09/2020||14/10/2020||Interim||1200%||Rs.12.0000 per share (1200%) Second Interim Dividend|
|30/06/2020||16/07/2020||Interim||500%||Rs.5.0000 per share (500%) Interim Dividend|
|16/04/2020||03/06/2020||Interim||600%||Rs.6.0000 per share (600%) Final Dividend|
|11/03/2020||19/03/2020||Interim||1200%||Rs.12.0000 per share (1200%) Interim Dividend|
|10/01/2020||23/01/2020||Interim||500%||Rs.5.0000 per share (500%) Third Interim Dividend|
|10/10/2019||17/10/2019||Special||4000%||Rs.40.0000 per share (4000%) Special Dividend|
|30/09/2019||17/10/2019||Interim||500%||Rs.5.0000 per share (500%) Second Interim Dividend|
|28/06/2019||16/07/2019||Interim||500%||Rs.5.0000 per share (500%) Interim Dividend|
|12/04/2019||04/06/2019||Final||1800%||Rs.18.0000 per share (1800%) Final Dividend|
|31/12/2018||17/01/2019||Interim||0%||Third Interim Dividend|
|11/10/2018||23/10/2018||Interim||400%||Rs.4.0000 per share (400%) Second Interim Dividend.|
|29/06/2018||17/07/2018||Interim||400%||Rs.4.0000 per share (400%) Interim Dividend|
|19/04/2018||31/05/2018||Final||2900%||Rs.29.0000 per share (2900%) Final Dividend|
|11/01/2018||22/01/2018||Interim||700%||Rs.7.0000 per share (700%) Third Interim Dividend|
|12/10/2017||25/10/2017||Interim||700%||Rs.7.0000 per share (700%) Second Interim Dividend.|
|13/07/2017||24/07/2017||Interim||700%||Rs.7.0000 per share (700%) Interim|
|24/04/2017||13/06/2017||Final||2750%||Rs.27.5000 per share (2750%) Final Dividend|
|13/10/2016||24/10/2016||Interim||650%||Rs.6.5000 per share (650%) Second Interim Dividend|
|14/07/2016||25/07/2016||Interim||650%||Rs.6.5000 per share (650%) Interim Dividend|
|18/04/2016||06/06/2016||Final||2700%||Rs.27.0000 per share (2700%) Final Dividend|
|12/01/2016||21/01/2016||Interim||550%||Rs.5.5000 per share (550%) Third Interim Dividend|
|13/10/2015||23/10/2015||Interim||550%||Rs.5.5000 per share (550%) Second Interim Dividend|
|08/07/2015||20/07/2015||Interim||550%||Rs.5.5000 per share (550%) Interim Dividend|
|16/04/2015||05/06/2015||Final||2400%||Rs.24.0000 per share (2400%) Final Dividend|
|15/01/2015||27/01/2015||Interim||500%||Rs.5.0000 per share (500%) Third Interim Dividend|
|16/10/2014||29/10/2014||Interim||500%||Rs.5.0000 per share (500%) Second Interim Dividend|
|17/07/2014||28/07/2014||Special||4000%||Rs.40.0000 per share (4000%) Special Dividend|
|16/07/2014||28/07/2014||Interim||500%||Rs.5.0000 per share (500%) Interim Dividend|
|16/04/2014||06/06/2014||Final||2000%||Rs.20.0000 per share (2000%) Final Dividend|
|16/01/2014||27/01/2014||Interim||400%||Rs.4.0000 per share (400%) Third Interim Dividend|
|15/10/2013||25/10/2013||Interim||400%||Rs.4.0000 per share (400%) Second Interim Dividend|
|18/07/2013||29/07/2013||Interim||400%||Rs.4.0000 per share (400%) Interim Dividend|
|17/04/2013||06/06/2013||Final||1300%||Rs.13.0000 per share (1300%) Final Dividend|
|14/01/2013||23/01/2013||Interim||300%||Rs.3.0000 per share (300%) Third Interim Dividend|
|19/10/2012||31/10/2012||Interim||300%||Rs.3.00 per share (300%) Second Interim Dividend|
|12/07/2012||23/07/2012||Interim||300%||Rs.3.00 per share (300%) Interim Dividend|
|23/04/2012||07/06/2012||Final||1600%||Rs. 8/- per share (800%) Final Dividend & Rs. 8/- per share (800%) Special Dividend|
|17/01/2012||25/01/2012||Interim||300%||Third Interim Dividend|
|17/10/2011||25/10/2011||Interim||300%||Second Interim Dividend|
|21/04/2011||08/06/2011||Final||800%||Rs.8.00 per share (800%) Final Dividend|
|17/01/2011||27/01/2011||Interim||200%||Third Interim Dividend|
|21/10/2010||01/11/2010||Interim||200%||Second Interim Dividend|
|19/04/2010||15/06/2010||Final||1400%||Rs.10.00 per share (1000%) Special Dividend & Rs.4.00 per share (400%) Final Dividend|
|15/01/2010||27/01/2010||Interim||200%||Third Interim Dividend|
|20/10/2009||28/10/2009||Interim||200%||Second Interim Dividend|
Data of Unclaimed Dividend & Shares of TCS
The following tables have been extracted from the data released by TCS in the form of Annual Reports. From the following tables, we can easily understand the number of dividends passed by TCS to IEPF and the dividends transferred to its unclaimed dividend account.
The following unpaid dividend and shares have been transferred to IEPF by TCS according to its financial reports.
|Financial Year||Amount of Unclaimed Dividend||Number of Unclaimed Shares|
Data of TCS Stocks to be transferred to the IEPF
The following tables give the year wise release date of dividends with the last date to claim it from the company before it gets transferred to the IEPF fund.
|Financial Year||Date of Declaration||Last Date of Claiming Unpaid Dividend|
|2012-2013||June 28, 2013||July 28, 2020|
|2013-2014||July 18, 2013||August 18, 2020|
|October 15, 2013||November 14, 2020|
|January 16, 2014||February 16, 2021|
|June 27, 2014||July 27, 2021|
|2014-2015||July 17, 2014||August 18, 2021|
|October 16, 2014||November 16, 2021|
|January 15, 2015||February 15, 2022|
|June 30, 2015||July 30, 2022|
|2015-2016||July 9, 2015||August 9, 2022|
|October 13, 2015||November 12, 2022|
|January 12, 2016||February 11, 2023|
|June 17, 2016||July 17, 2023|
|2016-2017||July 14, 2016||August 15, 2023|
|October 13, 2016||November 16, 2023|
|January 12, 2017||February 12, 2024|
|June 16, 2017||July 16, 2024|
|2017-2018||July 13, 2017||August 13, 2024|
|October 12, 2017||November 12, 2024|
|January 11, 2018||February 10, 2025|
|June 15, 2018||July 15, 2025|
|2018-2019||July 10, 2018||August 9, 2025|
|October 11, 2018||November 10, 2025|
|January 10, 2019||February 9, 2026|
|June 17, 2019||July 13, 2026|
|2019-2020||July 9, 2019||August 8, 2026|
|October 10, 2019||November 9, 2026|
|January 17, 2020||February 16, 2027|
|June 10, 2020||July 9, 2027|
After the mentioned due dates are given after a gap of 7 years, TCS will transfer the dividends with shares to IEPF.
Understanding Investor Education and Protection Fund
IEPF was formed by the Indian government to educate investors about the consequences of unclaimed dividends. It is also a medium for investors to claim their long-lost invested money. Earlier the dormant shares or associated money used to lie with companies for years without no one to claim them. there was no provision for companies on how long they can hold these unclaimed stocks. Some companies used to transfer the money to public welfare funds of government but there was no timeline for the said transfer. IEPF streamlined this process and set a timeline of 7 years for companies after which they must transfer unclaimed stocks and dividends to this fund, from where investors after any number of years can claim their money.
Procedure to Claim Ole TCS Shares from IEPF Authority
1: Contact TSR Darashaw Ltd.
The company has appointed TSR Darashaw Ltd. as its Transfer Agent which will give complete information on the status of invested money of the shareholder. If the dividends are transferred to IEPF then the investor can move on to the following steps.
2: Download IEPF 5 Form
The shareholder must visit the following application link of IEPF http://www.iepf.gov.in/IEPF/refund.html, and follow the instruction to make an online application.
3: Physical Application
After application submission, the investor must send the filled form with all the necessary documents for proving ownership of shares to the TCS authority.
4: Verification by TCS
The nodal officer of TCS will verify the documents and form for ownership from the company’s documents and then send the verification report to the IEPF Authority.
5: Comment by the IEPF Authority
The IEPF Authority will make the decision to pass the claim based on the verification report, documents, and application form. Based on that IEPF authority can either,
6: What to do next?
Visit the following website for more info: https://www.tcs.com/content/dam/tcs/pdf/discover-tcs/investor-relations/faq/steps-to-claim-dividend-shares-iepf.pdf
Why do You Need Legal Help?
As mentioned in the above sections, filing a claim to the IEPF requires filing an error-free form with all the necessary documents that could be asked by the company. Thus, a claimant should avoid the hassle by appointing a legal consultancy firm to fill the form on his behalf and do the remaining liaising work with the Nodal officer and IEPF regarding any documents or any discrepancy. The legal consultancy firm will make the job easy and the claimant won’t have to worry about their form being rejected due to an error in filing. The legal firm can also help the claimant in proving their ownership in case they inherit the shares from any elderly who has not mentioned the shares in their will.