ICICI Prudential Life Insurance Company Limited has announced the upcoming transfer of unpaid and unclaimed dividends, along with corresponding shares, to the Investor Education and Protection Fund (IEPF) Authority. This action is in accordance with Section 124 of the Companies Act, 2013. Shareholders who have unclaimed dividends declared from FY2020 to FY2026 are urged to claim them by Saturday, November 21, 2026. Details of unclaimed amounts are available on the company’s website.
IEPF Transfer for Unclaimed Assets
ICICI Prudential Life Insurance Company Limited is initiating the transfer of unpaid and unclaimed dividends, alongside shares associated with these dividends, to the Investor Education and Protection Fund (IEPF) Authority. This directive stems from the provisions of Section 124 of the Companies Act, 2013, and the related rules. This process applies to dividends that have remained unclaimed by shareholders for seven consecutive years or more.
Action Required by Shareholders
Shareholders with unclaimed dividends from FY2020 to FY2026 are strongly advised to claim these amounts before they are transferred to the IEPF. The deadline for submitting claims is Saturday, November 21, 2026. To facilitate claims, shareholders can send their unpaid Dividend Warrant(s) or complete and return a signed letter-cum-indemnity form. All requests received by the specified date will be processed via electronic credit. Shareholders are also encouraged to update their KYC and bank account details with the Registrar to the Issue and Share Transfer Agent (RTA) for seamless dividend payments.
Consequences of Non-Claim
If a valid claim is not received by Saturday, November 21, 2026, or if a request is rejected, ICICI Prudential Life Insurance Company Limited will proceed with transferring the dividends and corresponding shares to the IEPF. This transfer will occur without further notice. Following the transfer, no claims will be entertained against the Company concerning these unclaimed dividends or shares. For shareholders wishing to claim their assets after the transfer, a separate application must be made to the IEPF Authority using Form IEPF-5.
Contact Information for Queries
For any inquiries or further information, shareholders can contact the Company’s RTA, KFin Technologies Limited. The contact details are provided for the unit located in Hyderabad, Telangana. Shareholders can reach out via post, phone, or email at [email protected], with a copy to [email protected]. The unclaimed dividend details are also accessible on the company’s website, www.iciciprulife.com.
Source: BSE
