Biocon Limited has informed the Exchange about Copy of Newspaper Publication
BIOCON · price
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Awaiting price reaction for this filing.
Biocon Limited has published a notice in Financial Express (English) and Vijayavani (Kannada) on May 14, 2025, informing shareholders about the transfer of unpaid or unclaimed final dividends for FY 2017-18 to the Investor Education and Protection Fund (IEPF). Since these dividends have remained unclaimed for 7 consecutive years, the corresponding equity shares will also be transferred to IEPF as per Section 124(6) of the Companies Act, 2013 and the IEPF Rules, 2016. Shareholders have until August 20, 2025 to claim their dividends and avoid the transfer. For physical shares, new certificates will be issued in lieu of the originals (which will stand cancelled) and converted to demat form before being moved to IEPF; demat shares will be transferred via corporate action to IEPF's demat account. This is a routine regulatory compliance filing under SEBI LODR Regulations 30 and 47.
Shareholders who have not claimed their FY 2017-18 final dividend or subsequent unpaid dividends must act before August 20, 2025 to claim their money and retain ownership of corresponding shares, after which both will be permanently transferred to IEPF. This is a routine compliance notice and is unlikely to have any direct impact on Biocon's stock price.