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Sanofi India Limited ( (IN:SANOFI) ) has provided an announcement.
Sanofi India Limited has notified stock exchanges that it has published newspaper advertisements alerting shareholders whose dividends have remained unclaimed for seven consecutive years or more. In line with Section 124(6) of the Companies Act, 2013 and related IEPF rules, such shareholders’ equity shares are now liable to be transferred to the Investor Education and Protection Fund Authority, underscoring the company’s compliance with regulatory requirements and the need for affected investors to regularise their holdings.
The move ensures alignment with Indian corporate governance and investor protection norms, potentially leading to a clean-up of dormant share accounts on the company’s register. While operational impact on Sanofi India is limited, the action has implications for long-inactive shareholders, who risk losing direct ownership of their shares unless they act to claim pending dividends and prevent transfer to the IEPF mechanism.
More about Sanofi India Limited
Sanofi India Limited is a pharmaceutical company operating in India, engaged in manufacturing and marketing a range of prescription medicines and healthcare products. The company focuses on therapies spanning chronic and acute conditions and is listed on both BSE and the National Stock Exchange under the symbol SANOFI, catering to domestic and international healthcare markets.
Average Trading Volume: 871
Technical Sentiment Signal: Sell
Current Market Cap: 80.66B INR
See more data about SANOFI stock on TipRanks’ Stock Analysis page.