Biocon Limited has issued a reminder to its shareholders to claim unclaimed dividends from the financial year 2018-19 before the deadline of August 20, 2026. The company has highlighted that dividends unclaimed for seven consecutive years will result in the transfer of both the dividends and the underlying equity shares to the Investor Education and Protection Fund (IEPF) as mandated by the Companies Act, 2013 and the IEPF Rules.
The reminder letter, dated May 19, 2026, was sent to shareholders who have not encashed their dividends declared on July 26, 2019, for the financial year 2018-19. Biocon has urged these shareholders to act promptly to prevent the transfer of their shares to the IEPF.
According to the IEPF Rules, any unclaimed dividend amount in the Unpaid Dividend Account of the company for seven years must be transferred to the IEPF. Additionally, shares associated with unclaimed dividends for the same period will also be transferred to the IEPF’s Demat Account.
Biocon has provided detailed instructions for shareholders to claim their dividends. Shareholders holding shares in electronic or dematerialised form are required to submit a copy of their updated Client Master List and PAN, along with a cancelled cheque. Those with physical shares need to fill out Investor Service Request Forms ISR-1 and ISR-2, and provide supporting documents, including a cancelled cheque.
The company has also informed shareholders that subsequent corporate benefits on such shares will be credited to the IEPF Authority. Shareholders are encouraged to update their bank details with the company’s Registrar and Share Transfer Agent, KFin Technologies Limited, to ensure timely payment of future dividends.
For shareholders whose dividends and shares have been transferred to the IEPF, Biocon has outlined the process for reclaiming them. Shareholders can make an online application in Form IEPF-5, available on the IEPF website, and submit it along with the required documents to Biocon’s Nodal Officer for verification.
Biocon has assured shareholders of assistance and has provided contact details for further clarifications, including reaching out to Rajesh U. Shanoy, Company Secretary and Nodal Officer, or D Suresh Babu, Senior Manager at KFin Technologies Limited.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).