Ministry Of Corporate Affairs’ IEPFA Invested In Mid-Caps And Small-Caps Companies

Over 100 mid-cap and small-cap companies that are listed on the NSE & BSE mention the Investor Education and Protection Fund Authority (IEPFA) as a stakeholder. The IEPFA openly held 116 equities with a net worth of Rs 1,720 crore as of June 30, according to Trendlyne data.

The majority of these stocks belong to obscure companies such as Kriti Industries, Haryana Leather, Glance Finance, and Zodiac JRD MKJ, among others.

The larger companies, in which IEPFA has a stake valued at more than Rs 50 crore, include Caplin Point, Aegis Logistics, Kirloskar Brothers, Nesco, Bharat Rasayan, and Ganesha Ecosphere.

As of June 2023, IEPFA had more than 7% of the shares in National Plastic Industries, Golkunda Diamonds, Indo Borax, and BDH Industries.

The IEPFA is entrusted with the responsibility of administration of the Investor Education Protection Fund (IEPF), making refunds of shares, unclaimed dividends, matured deposits/debentures, etc. to investors, promoting awareness among investors, and protecting the interests of the investors.