Oberoi Realty Limited has informed the Exchange about Communication sent to shareholders for updation of KYC and bank details to claim unpaid/ unclaimed dividend(s)
OBEROIRLTY · price
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Oberoi Realty has sent emails and postal communications to shareholders whose dividends from FY 2018-19 onwards remain unpaid or unclaimed as of March 31, 2025. The move is part of the 100-day 'Saksham Niveshak' campaign run by the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs. Shareholders are being asked to update their KYC and bank account details — with the company's registrar MUFG Intime India for physical shares, or with their depository participant for demat shares — so they can receive their pending dividends. The company has warned that dividends left unclaimed for 7 consecutive years, along with the related shares, will be transferred to the IEPF. After such transfer, reclaiming the amount would require shareholders to file Form IEPF-5 with the authorities.
This is a routine regulatory and administrative communication and has no direct impact on the stock price or business fundamentals. However, shareholders with unclaimed dividends should act quickly to update their KYC details to avoid having their money permanently transferred to the government-run IEPF.