UBL reminds shareholders of unclaimed dividend; shares to move to IEPF

UBL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.9%1-day move

₹1326.10

prior close

₹1322.80

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.2+1.3+0.9+2.9+1.7+1.3+3.3+2.6+0.1+5.9———

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AI summary

United Breweries has sent reminder letters to shareholders who have not claimed dividend for seven or more consecutive years, starting with FY 2018-19. If unclaimed by September 30, 2026, both the dividend amount and the underlying shares will be transferred to the Investor Education and Protection Fund Authority under Section 124(6) of the Companies Act, 2013. Affected shareholders can still claim by submitting the undertaking form with a cancelled cheque and self-attested PAN copy.

Likely market impact

Procedural filing. Only shareholders with long-unclaimed dividends are affected. No direct impact on active shareholders or stock price.