Alembic Limited has informed the Exchange about General Updates
ALEMBICLTD · price
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Alembic Limited has notified exchanges that a reminder letter was sent to shareholders informing them that equity shares on which dividend has not been claimed for seven consecutive years are liable to be transferred to the Investor Education and Protection Fund (IEPF) under Section 124(6) of the Companies Act, 2013. Affected shareholders have not encashed dividends since at least FY 2018-2019. The company has set a deadline of 31 August 2026 to claim unpaid dividends, failing which the shares will be transferred to IEPF. Shareholders can claim back transferred shares from IEPF by filing web form IEPF-5. Physical share holders are also reminded to update KYC details (PAN, address, bank account, nomination, etc.) with the RTA, MUFG Intime India Private Limited.
This is a routine compliance filing with no direct impact on stock price. Shareholders who do not act before the deadline will lose beneficial ownership of their shares, which will move to the government-run IEPF. They can still reclaim via IEPF-5, but it involves a separate process.