SBI Life Insurance Company Limited has informed the Exchange about General Updates
SBILIFE · price
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Awaiting price reaction for this filing.
SBI Life Insurance has joined a 100-day awareness campaign called 'Saksham Niveshak' directed by the IEPF Authority under the Ministry of Corporate Affairs. The campaign targets shareholders who have not claimed their dividends and aims to help them update KYC and bank details to facilitate recovery of unclaimed amounts. Unclaimed dividends from FY2018-19 to FY2024-25, along with corresponding equity shares where dividends remain unclaimed for seven consecutive years, will be transferred to the IEPF Authority if shareholders do not act. Shareholders are urged to contact the company's registrar, KFin Technologies, to claim dividends or update records before the transfer occurs.
This is a routine regulatory compliance filing with no material impact on the company's financials, operations, or stock price. It serves as a reminder to specific shareholders to claim their dividends and update records to avoid losing their shares to the IEPF.