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SBI Life Insurance Co. Ltd. ( (IN:SBILIFE) ) has provided an announcement.
SBI Life Insurance has notified shareholders that, in line with the Companies Act, 2013 and related IEPF rules, it will transfer unclaimed dividends pertaining to FY2018-19 and the corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority if such dividends remain unclaimed for seven consecutive years. The company has begun contacting affected investors via email and physical letters, urging them to claim their pending dividends by April 17, 2026, or risk having their shares moved to the IEPF demat account, after which any recovery of dividends and shares will need to be made directly through the IEPF’s prescribed process, underscoring the importance for shareholders to update records and act promptly to avoid forfeiture of direct claims against the company.
More about SBI Life Insurance Co. Ltd.
SBI Life Insurance Company Ltd. is a leading Indian life insurer offering a range of life insurance and protection products to retail and institutional customers. Headquartered in Mumbai, it operates under the regulatory oversight of the Insurance Regulatory and Development Authority of India (IRDAI) and is listed on both the National Stock Exchange of India and BSE, catering to a broad base of shareholders and policyholders across the country.
Average Trading Volume: 40,094
Technical Sentiment Signal: Buy
Current Market Cap: 2003.8B INR
Learn more about SBILIFE stock on TipRanks’ Stock Analysis page.