Biocon Limited has informed the Exchange about Reminder Letter to shareholders to claim unclaimed dividends
BIOCON · price
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Biocon has sent reminder letters to shareholders who have not claimed dividends for 7 consecutive years (FY 2018-19 to FY 2024-25). The reminder covers unclaimed dividends across five financial years, as no dividends were declared for FY 2019-20 and FY 2020-21. Shareholders must submit their claims by August 20, 2026, failing which both the unpaid dividends and underlying shares will be transferred to the Investor Education and Protection Fund (IEPF) as mandated under the Companies Act, 2013. The company has provided detailed instructions and contact details for claiming these dividends through KFin Technologies, their Registrar and Transfer Agent.
This is a routine regulatory compliance filing with no direct impact on stock price or operations. Affected shareholders risk losing dividend income and share ownership if they do not respond by the deadline. The filing indicates proper corporate governance by Biocon in reaching out to shareholders before IEPF transfer.