General Insurance Corporation of India has informed the Exchange regarding 'Communication to Shareholders for Transfer of equity shares to IEPF'.
GICRE · price
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Awaiting price reaction for this filing.
GIC Re has sent a notice to shareholders whose dividend for FY 2017-18 has remained unclaimed for seven years. Under the Companies Act, 2013, such unclaimed dividends and the corresponding shares are due to be transferred to the Investor Education and Protection Fund (IEPF) Authority. Shareholders have been given a deadline of October 11, 2025 to claim their dividends by submitting required documents to the Registrar (KFin Technologies). If unclaimed by this date, the shares will be moved to the IEPF Authority's demat account, and all future benefits including dividends will accrue to the IEPF. Shareholders can still reclaim their shares later by filing Form IEPF-5 on the IEPF website. Documents required include PAN, Aadhaar, cancelled cheque, and either Client Master List (for demat) or ISR-1/ISR-2/SH-13 forms (for physical shares).
This is a routine regulatory compliance communication and has no direct material impact on the stock price. Shareholders with unclaimed GIC Re dividends from FY 2017-18 should act before the October 11, 2025 deadline to avoid losing their shares to the IEPF, though they retain the right to claim them back later through a formal process.