KOTAKBANK · price
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Awaiting price reaction for this filing.
Kotak Mahindra Bank has informed the stock exchanges that unclaimed and unencashed dividends from FY 2017-18 will be transferred to the Investor Education and Protection Fund (IEPF) Authority on or before August 18, 2025, as they have remained unpaid for seven years. Under Section 124(6) of the Companies Act, 2013, equity shares whose dividends have remained unclaimed for seven consecutive years will also be transferred to the IEPF Authority. Shareholders have until August 8, 2025 to claim their dividends by submitting a request letter to KFin Technologies, the bank's registrar. The bank has published notices in Financial Express (English) and Navshakti (Marathi) newspapers on April 30, 2025, and also made the information available on its website. Once transferred, shareholders will need to file Form IEPF-5 to claim their shares or dividends back from the IEPF Authority.
This is a routine regulatory compliance filing under the Companies Act, 2013, and has no direct impact on the bank's business, financials, or stock price. Shareholders who have not claimed their Kotak Mahindra Bank dividends from FY 2017-18 should act before August 8, 2025, to avoid having their dividends and underlying shares transferred to the IEPF Authority.