Intimation of sending Reminder to respective shareholders for transfer of Shares of Novartis India Limited ("The Company") to Investor Education & Protection Fund ("IEPF").
NOVARTIND · price
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Novartis India has sent reminder letters to shareholders who have not claimed dividends for seven or more consecutive years (FY 2018-19 to FY 2024-25). The company is required under Section 124(6) of the Companies Act, 2013 to transfer such shares to the IEPF Authority's Demat account. Shareholders have until September 15, 2026 to claim their unclaimed dividends, after which their shares will be compulsorily transferred to IEPF. The reminder letters were dispatched via Speed Post on May 27, 2026, and newspaper advertisements were published on May 30, 2026. Once transferred, shareholders can only claim shares or dividends back from IEPF Authorities by filing prescribed forms.
This is a routine regulatory compliance filing with minimal direct impact on the stock price. It primarily affects shareholders holding physical certificates or those with outdated contact details who have unclaimed dividends dating back to 2018-19.