Biocon Limited has informed the Exchange about General Reminder Letter issued to shareholders to claim unclaimed dividends
BIOCON · price
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Biocon Limited has informed the stock exchanges that it has sent reminder letters to shareholders who have not claimed their dividends for seven consecutive years. The specific reference is to the final dividend declared on July 27, 2018 for FY2017-18, which was paid on August 8, 2018. These shareholders have until August 20, 2025 to claim their unpaid dividends; otherwise, both the unclaimed dividend amounts and the underlying equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority, as required under Section 124(6) of the Companies Act, 2013 and the IEPF Rules. Dividends up to FY2016-17 have already been transferred to IEPF. Shareholders need to submit documents to the company's Registrar KFin Technologies Limited to claim their dividends.
This is a routine regulatory compliance filing and does not impact the company's operations or stock price. Only individual shareholders who have unclaimed dividends from FY2017-18 need to act before the August 20, 2025 deadline to avoid losing their shares to the IEPF.