Whalesbook
ICICI Lombard General Insurance Company Ltd. has alerted shareholders that unclaimed dividends and shares from the financial year 2018-2019 are set to be transferred to the government's Investor Education and Protection Fund (IEPF) on July 30, 2026.
Shareholders have a critical deadline of June 1, 2026, to claim these assets before they are moved. To successfully claim any outstanding amounts, investors must ensure their Know Your Customer (KYC) and bank details are up-to-date with the company or its Registrar and Transfer Agent (RTA).
Any dividends or shares not claimed by the June 1 deadline will be transferred to the IEPF. Recovering these assets afterward typically involves a more complex application process directly with the IEPF Authority.
Under India's Companies Act, 2013, companies must transfer dividends that remain unclaimed for seven consecutive years to the IEPF. This fund, administered by the Ministry of Corporate Affairs, serves to safeguard and promote investor interests. ICICI Lombard adheres to this regulatory requirement, issuing reminders to shareholders before the statutory transfer.
This notification serves as a final reminder for shareholders who may have forgotten about past entitlements from FY2018-2019. It also highlights the importance for all investors to periodically check for unclaimed dividends and shares across their investment portfolios.
Key dates for shareholders are the claim deadline of June 1, 2026, and the transfer date of July 30, 2026.
This procedure aligns with industry standards, as other major Indian general insurance companies also transfer unclaimed amounts to the IEPF after the stipulated period, in compliance with SEBI regulations and the Companies Act.