ICICI Lombard General Insurance Company Limited has informed the Exchange regarding 'Communication sent to shareholders regarding transfer of equity shares to Investor Education and Protection Fund (IEPF)'.
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ICICI Lombard General Insurance Company has written to specific shareholders informing them that their unclaimed Final Dividend for Financial Year 2017-2018, along with the corresponding equity shares, will be transferred to the Investor Education and Protection Fund (IEPF) Authority. Under Section 124 of the Companies Act, 2013, any dividend unclaimed for seven years and shares linked to such unpaid dividends must be moved to IEPF. The transfer is scheduled for August 14, 2025. Shareholders have until July 14, 2025 to submit their claim for the unclaimed dividend, and until July 31, 2025 to correct any document discrepancies. If no valid claim is received within these timelines, both the dividend and the shares will be moved to IEPF without further notice.
This is a routine regulatory compliance notice with no material impact on the company's financials or stock price. Only shareholders who have not claimed dividends for seven or more consecutive years are affected, and they still have time to claim their dues before the August 14, 2025 transfer date.