ICICI Prudential Life Insurance has launched the second phase of its ‘Saksham Niveshak’ campaign, running from April 1, 2026, to July 9, 2026. This initiative aims to assist shareholders with unpaid or unclaimed dividends from FY2020 to FY2026. Shareholders are urged to update their KYC and bank account details with their Registrar or Depository Participant to claim outstanding dues and prevent the transfer of their shares and dividends to the government-regulated IEPF authority.
Campaign Details and Objectives
The ‘Saksham Niveshak’ campaign serves as a final opportunity for shareholders to recover unclaimed financial benefits. The initiative focuses on dividends declared between FY2020 and FY2026 that remain unpaid. Failure to update records and claim these amounts will lead to the transfer of both the unclaimed dividend and the associated equity shares to the Investor Education and Protection Fund (IEPF), as mandated by the Companies Act.
Action Required from Shareholders
To ensure the successful processing of dividend claims, shareholders must register or verify their bank account details and KYC information with the Registrar and Share Transfer Agent (RTA) or their Depository Participant. The company emphasizes that dividend payments cannot be executed without valid bank details linked to the shareholder’s account.
Claiming Process
Shareholders seeking to claim outstanding amounts should take the following steps:
- Return the original unpaid dividend warrant(s) if in possession.
- Submit the letter-cum-indemnity form, provided by the company, to initiate the re-issuance of funds.
- Ensure all documents are complete, as incomplete or inadequate requests will be rejected.
Important Post-Transfer Procedures
Once shares and dividends are transferred to the IEPF, the company will no longer be responsible for these assets. Should a transfer to the IEPF occur, shareholders must directly approach the IEPF Authority by filing Form IEPF-5 electronically to claim their transferred assets. For further assistance or clarifications, shareholders are advised to reach out to the company’s RTA, KFin Technologies Limited, via the designated email address provided in the official communication.
Source: BSE
