SBI Life has announced the upcoming transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority, as mandated by the Companies Act, 2013. Shareholders who have not claimed their dividends for seven consecutive years, specifically since FY2018-2019, are urged to take immediate action to claim their entitlements before the transfer deadline of April 17, 2026.
Unclaimed Dividends Transfer
SBI Life is notifying shareholders regarding the transfer of unclaimed dividend amounts and associated shares to the Investor Education and Protection Fund (IEPF) Authority. This action complies with the Companies Act, 2013, which requires companies to transfer unclaimed dividends and related shares to the IEPF after seven years.
Affected Financial Year
This announcement pertains to shareholders who have not claimed their dividends for seven consecutive years, specifically dividends pertaining to FY2018-2019. Shareholders are encouraged to verify their records and take necessary action to claim any outstanding amounts.
Action Required by Shareholders
Shareholders who have not claimed their dividends are requested to claim them by contacting the Registrar and Share Transfer Agent (RTA) at [email protected] and providing their bank details along with a self-attested copy of their client master list. The last date to claim the dividend before shares are transferred to IEPF is April 17, 2026.
Claiming Shares Post-Transfer
Even after the transfer to the IEPF Authority, shareholders can still claim both the unclaimed dividend amounts and the shares. This requires submitting an online application in Form IEPF-5 along with necessary documents to the company, after obtaining an Entitlement Letter from SBI Life.
Important Dates
Key date to remember: The last date for shareholders to claim their unclaimed dividends before the transfer to the IEPF Authority is April 17, 2026. Post this date, the shares will be transferred, and the claim process will need to be initiated through the IEPF Authority.
Source: BSE
