Apollo Hospitals Publishes Newspaper Ads for Share Transfer to IEPF
Apollo Hospitals is transferring unpaid dividends and shares to the IEPF as per statutory requirements. Shareholders have until September 30, 2026, to claim their dues. The company has published notices in Business Standard and Makkal Kural.
This is a standard regulatory procedure for unclaimed dividends and shares, unlikely to have a significant impact on the company's operations or market valuation.
The announcement is a routine regulatory filing regarding the transfer of unclaimed dividends and shares to the IEPF. It does not contain any new business developments, financial results, or strategic changes that would significantly impact the company's outlook.
Apollo Hospitals Enterprise Limited has published newspaper advertisements regarding the proposed transfer of equity shares to the Investor Education and Protection Fund (IEPF). This action is in compliance with applicable statutory provisions. The advertisements appeared in Business Standard (all editions) in English and Makkal Kural (all editions) in Tamil.
According to the company's notification, unclaimed dividends from the financial year 2018-2019, which have remained unpaid for seven consecutive years, are to be transferred to the IEPF. This transfer of shares is mandated under Section 124 of the Companies Act, 2013, and Rule 6 of the IEPF (Accounting, Audit, Transfer, and Refund) Rules, 2016. The company had previously sent a reminder letter on May 5, 2026, to the concerned shareholders to claim their dividends before September 30, 2026, to avoid the transfer.
Shareholders who have not yet claimed their dividends are advised to contact the company or its registrar, M/s. Integrated Registry Management Services Private Limited, using the provided contact details. Details of such shares have also been posted on the company's website, www.apollohospitals.com. The company has reiterated that no claims will be entertained after the specified dates, and the transfer to IEPF will proceed as per the law.
A plain-language summary of a public exchange filing by Apollo Hospitals Enterprise Limited. Read the original for the full detail.