ICICI Lombard has issued an important notification regarding the mandatory transfer of unpaid FY2019 Final Dividends and associated shares to the Investor Education and Protection Fund (IEPF). Shareholders with unclaimed dividends are urged to update their KYC, bank details, and PAN immediately. Failure to complete these updates by June 1, 2026, will result in the transfer of these assets to the government authority, after which claims become significantly more complex.
Important Deadline for Shareholders
ICICI Lombard has confirmed that all FY2019 Final Dividends that have remained unclaimed for seven consecutive years are due for transfer to the Investor Education and Protection Fund (IEPF) on July 30, 2026. Furthermore, the equity shares corresponding to these unclaimed dividends are also liable to be transferred to the IEPF Authority in accordance with legal requirements.
Action Required for Dividend Recovery
To avoid the transfer of these assets, shareholders must ensure their records are current. The company has explicitly requested that shareholders update their KYC details, including bank account information, PAN, and contact details, to facilitate the electronic credit of pending dividends.
For Dematerialized Holdings
Shareholders holding shares in demat form should update their bank details with their respective Depository Participants (DPs) and submit a request letter along with an updated Client Master List to the company or its registrar by June 1, 2026.
For Physical Holdings
Shareholders holding shares in physical form are required to submit duly signed Investor Service Request Forms (Form ISR-1, ISR-2, and Nomination forms) along with supporting documentation, such as cancelled cheques and address proof, to the Registrar and Transfer Agent (RTA) by the June 1, 2026 deadline.
Future Disbursement Policy
The company has reminded shareholders that, in line with updated market mandates, all future dividend payments will be processed exclusively through electronic mode. Shareholders are encouraged to act promptly, as once the assets are transferred to the IEPF, the company will no longer be responsible for processing claims, and shareholders will be required to follow the formal procedures set by the IEPF Authority to recover their funds and shares.
Source: BSE
