DCB Bank Limited has informed the Exchange about General Updates
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DCB Bank Limited has informed exchanges about unclaimed dividends from FY 2018-19 that are due for transfer to the Investor Education and Protection Fund (IEPF) Authority on July 7, 2026. The bank is urging affected shareholders to claim their unpaid dividends and update their KYC details before June 25, 2026 to avoid transfer. Under Section 124 of the Companies Act, 2013, unclaimed dividends lying unpaid for seven consecutive years must be transferred to IEPF along with underlying shares. Additionally, the bank is reminding shareholders holding physical shares to update KYC details including PAN, address, mobile number, bank account details, and specimen signature per SEBI circulars. Failure to comply may result in dividend payments being withheld.
This is a routine compliance filing with no direct impact on stock price. Affected shareholders risk losing unclaimed dividends and shares if they do not act before the June 25, 2026 deadline. No material impact expected for existing shareholders with updated records.