HDFC Life Insurance Company Limited has informed the Exchange regarding 'Investor Education and Protection Fund Authority 100 days Campaign Saksham Niveshak'.
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HDFC Life Insurance has joined the IEPF Authority's 100-day 'Saksham Niveshak' campaign to reach out to shareholders with unpaid or unclaimed dividends. The company has sent a special reminder to shareholders whose dividends from FY2019 to FY2025 have not been claimed. These shareholders are asked to update their KYC and bank details with the company's Registrar and Transfer Agent, KFin Technologies, or their depository participant to receive their dividend electronically. If dividends remain unclaimed for seven consecutive years, both the unclaimed dividend amount and the corresponding equity shares will be transferred to the IEPF Authority as per the Companies Act, 2013. Once transferred, shareholders will need to apply separately to IEPF via Form IEPF-5 to reclaim their holdings. The full list of unclaimed dividends is available on HDFC Life's investor relations webpage.
This is a routine regulatory compliance filing with no direct impact on the stock price or business operations. Shareholders with unclaimed dividends should act promptly by updating their KYC and bank details to avoid losing their shares to the IEPF Authority.