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SBI Life Insurance Co. Ltd. ( (IN:SBILIFE) ) has shared an announcement.
SBI Life Insurance Company Limited has published newspaper notices informing shareholders about the impending transfer of unclaimed dividend amounts and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority, in line with Section 124 of the Companies Act, 2013 and related rules. The notices, carried in the Financial Express and Loksatta and also hosted on the company’s website, specify that dividends remaining unpaid for seven consecutive years, including interim dividend for FY 2018-19 and subsequent payouts, will trigger such transfers after the cut-off date of April 17, 2026, with the actual transfer due on April 30, 2026 if no valid claims are received. Affected shareholders have been urged to submit requisite documents to the company’s registrar and share transfer agent before the cut-off date to claim their dividends and avoid transfer of their shares to the IEPF, after which recovery of these assets will only be possible directly from the IEPF Authority, underscoring the company’s compliance obligations and the need for investor vigilance.
More about SBI Life Insurance Co. Ltd.
SBI Life Insurance Company Limited is a leading Indian life insurer offering a range of life insurance and protection products to retail and institutional customers. Headquartered in Mumbai and regulated by the Insurance Regulatory and Development Authority of India (IRDAI), the company focuses on long-term savings and protection solutions distributed across India through multiple channels, including bancassurance and agency networks.
Average Trading Volume: 41,376
Technical Sentiment Signal: Buy
Current Market Cap: 2054.2B INR
For an in-depth examination of SBILIFE stock, go to TipRanks’ Overview page.