Jubilant Pharmova Limited has informed the Exchange regarding 'Submission of communication sent to shareholders relating to notice of transfer of equity shares / dividend to Investor Education and Protection Fund Authority '.
JUBLPHARMA · price
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Jubilant Pharmova has sent reminders to shareholders whose dividends have remained unclaimed for seven or more consecutive years. Under Section 124(6) of the Companies Act, 2013 and IEPF Rules, shares linked to such unclaimed dividends are required to be transferred to the Investor Education and Protection Fund (IEPF) Authority. The unclaimed dividend for FY 2018-19 is specifically due for transfer on October 31, 2026. Affected shareholders have been asked to claim their dividends and shares by May 15, 2026 by applying to the company's registrar, Alankit Assignments Limited. A separate notice was also issued to shareholders holding old share certificates from predecessor companies (Ramganga Fertilizers, Vam Organic Chemicals, Jubilant Organosys) that remain unexchanged, with 445 shares per folio held in the company's Unclaimed Suspense Account since 2012.
This is a routine regulatory compliance filing and does not affect the company's financials or operations. Shareholders who have not claimed dividends since FY 2018-19 risk losing both their unclaimed dividends and the underlying shares to the IEPF Authority if no action is taken by May 15, 2026. No material impact on the stock price is expected.