Nippon Life India Asset Management Limited has informed the Exchange about reminder letter sent to shareholders and newspaper advertisement for transfer of dividend and shares to the IEPF Authority
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Nippon Life India Asset Management has sent reminder letters to shareholders whose dividends have remained unpaid or unclaimed for seven consecutive years, covering dividends from FY 2018-2019 through FY 2024-2025 (both interim and final). The company has also published newspaper advertisements in Financial Express (English) and Navshakti (Marathi) notifying the public about the upcoming transfer. Under Section 124(6) of the Companies Act, 2013, shares linked to such unclaimed dividends will be transferred to the IEPF Authority by May 29, 2026. Shareholders have until May 28, 2026 to claim their dividends by contacting the registrar Kfin Technologies Limited or filing Form IEPF-5. This is a routine compliance filing under SEBI LODR Regulations 2015.
No direct impact on the stock price — this is a standard regulatory compliance communication. Shareholders with unclaimed dividends from FY 2018-19 onwards must act before May 28, 2026, or risk having their shares permanently transferred to the IEPF Authority.