ICICI Lombard General Insurance Company has issued a communication to its shareholders regarding the impending transfer of unclaimed dividends and equity shares to the Investor Education and Protection Fund (IEPF). This move is in compliance with Section 124 of the Companies Act, 2013, and the related IEPF Authority Rules.
The company has informed shareholders about the ‘Saksham Niveshak’ campaign initiated by the IEPF Authority under the Ministry of Corporate Affairs. This 100-day campaign, running from April 1, 2026, to July 9, 2026, aims to raise awareness among shareholders about updating their KYC details, including bank account information, PAN, and contact details, to claim any unclaimed dividends and shares before they are transferred to the IEPF.
ICICI Lombard has reiterated that the final dividend for the financial year 2018-2019, which has remained unclaimed for seven years, is due to be transferred to the IEPF on July 30, 2026. The corresponding shares on which the dividend remains unclaimed for seven consecutive years will also be transferred as per the IEPF Rules.
Shareholders are urged to update their bank account details to ensure the electronic credit of dividends, as per SEBI’s directive mandating electronic transfers. Those holding shares in dematerialised form must update their bank account details with their respective depository participants by June 1, 2026. Shareholders holding shares in physical form are required to submit duly signed Investor Service Request Forms and other supporting documents to the company’s registrar and transfer agent, KFin Technologies Limited, by the same deadline.
Failure to claim the unclaimed dividends or update the necessary details by the specified date will result in the transfer of the final dividend for FY2019 and the corresponding shares to the IEPF without further notice. Once transferred, no claims against the company for these shares or dividends will be entertained.
For any assistance or queries, shareholders can contact the company via email at [email protected] or reach out to KFin Technologies Limited.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).