Jubilant Pharmova Limited has informed its shareholders about the impending transfer of unclaimed dividends and equity shares to the Investor Education and Protection Fund (IEPF). The move is in compliance with Section 124(6) of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
The company has identified that dividends from the financial year 2018-19 have remained unclaimed. As per the regulations, any shares for which dividends have not been claimed for seven consecutive years are required to be transferred to the IEPF. The deadline for this transfer is set for October 31, 2026.
Shareholders have been reminded to claim their unpaid or unclaimed dividends by submitting an application to Alankit Assignments Limited, the designated unit for Jubilant Pharmova, by May 15, 2026. This step is crucial to prevent the transfer of their dividends and equity shares to the IEPF.
The company has also noted that any corporate benefits accruing on such shares will be credited to the IEPF Authority. Shareholders are urged to treat this matter with urgency to retain their dividends and shares.
In cases where shares are pledged, hypothecated, or subject to a restraining order, they will not be transferred to the IEPF. Shareholders who have not exchanged old share certificates for new ones are also advised to do so promptly.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).