Kotak Mahindra Bank Limited has informed the Exchange about General Updates
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Kotak Mahindra Bank has informed the stock exchanges that unclaimed dividends from FY 2017-18 and corresponding eligible equity shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority in FY 2025-26, as required under Section 124 of the Companies Act, 2013. Individual notices have been sent to affected shareholders, and newspaper advertisements were published in Financial Express (English) and Navshakti (Marathi) on April 30, 2025. Shareholders who have not claimed their dividends for seven consecutive years must submit their claim by August 8, 2025, or risk having both the unclaimed dividends and the underlying shares transferred to the IEPF Authority by August 18, 2025. Shareholders can later reclaim these by filing Form IEPF-5 with the bank or its registrar KFin Technologies. The full list of affected folios has also been posted on the bank's investor relations webpage.
This is a routine annual regulatory compliance filing required by law and has no direct impact on the bank's operations, financials, or stock price. Shareholders who have unclaimed dividends from FY 2017-18 should act before August 8, 2025 to avoid losing both the dividend and their shares to the IEPF Authority.