Reminder letter to the Shareholders for claiming Unclaimed Dividends and updation of KYC Information.
SYNGENE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Syngene International has sent reminder letters to shareholders with unclaimed dividends from FY 2018-19 onwards. The company is warning that if dividends remain unpaid by August 21, 2026, both the unclaimed dividend amount and corresponding equity shares will be transferred to the Investor Education and Protection Fund (IEPF) as mandated under the Companies Act, 2013. The letter covers unclaimed dividends for five financial years (2018-19, 2021-22, 2022-23, 2023-24, and 2024-25). No dividend was declared for FY 2019-20 and 2020-21. Shareholders are required to submit KYC documents including PAN, bank details, and address proof to claim their dividends. Physical shareholders face additional mandatory KYC requirements under SEBI regulations.
Shareholders with unclaimed dividends risk losing their dividend income and having their shares transferred to IEPF if they do not act before the deadline. This is a compliance-driven exercise with no direct impact on the company's financial performance or stock price.