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
NAM-INDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nippon Life India Asset Management has sent reminder letters to shareholders whose dividends have remained unclaimed for seven consecutive years. As per Section 124(6) of the Companies Act, 2013, both the unclaimed dividend amounts and the underlying equity shares are due to be transferred to the Investor Education and Protection Fund (IEPF) Authority. The company has also published newspaper advertisements in Financial Express (English) and Navshakti (Marathi) to alert shareholders. Shareholders must respond by October 21, 2025, with the actual transfer of shares scheduled for October 22, 2025. Shareholders who miss the deadline can still recover their shares later by filing IEPF-5 with the relevant documents through Kfin Technologies (the Registrar and Transfer Agent) or the company's registered office.
This is a routine regulatory compliance filing and is not expected to have any material impact on the stock price. Shareholders who have unclaimed dividends or whose shares are about to be transferred to IEPF should act quickly to claim them before the October 22, 2025 deadline to avoid losing ownership of their shares.