StockWatch
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Breweries & Distilleries
Corporate Action29 Jun 2026, 07:10 pm

United Breweries Ltd: Shares to be transferred to IEPF

AI Summary

United Breweries Ltd has communicated to its members regarding the transfer of shares to the Investor Education and Protection Fund (IEPF) Authority. This action is in compliance with Section 124(6) of the Companies Act, 2013, and related rules. Shareholders who have not claimed their dividend for seven or more consecutive years, with the last unclaimed dividend pertaining to the financial year 2018-19, will have their shares transferred to the IEPF Demat Account. The company has dispatched reminder letters to affected shareholders, with a deadline of September 30, 2026, to claim their unpaid dividends and prevent share transfer. After the transfer, claims can only be made from the IEPF Authority.

Key Highlights

  • Shares to be transferred to IEPF due to unclaimed dividends.
  • Action mandated by Companies Act, 2013, and related rules.
  • Shareholders have until September 30, 2026, to claim dividends.
  • Unclaimed dividends and shares will be transferred to the IEPF.
  • Post-transfer claims must be made directly with the IEPF Authority.