Dividend for FY 2017 – 18

The shareholders of the Company at the 32nd Annual General Meeting held on May 30, 2018 approved a dividend of 3.30 per equity share of 2 each, for the financial year ended March 31, 2018. The details are as follows:

Particular Date
Date of declaration of dividend May 30, 2018
Book Closure date April 25, 2018 to April 27, 2018
Gross Dividend 1206879167.00
Date of transfer to Unpaid Dividend Account (as required under
Section 124 of the Companies Act, 2013)
June 29, 2018
Unclaimed Dividend

Dividend declared at an annual general meeting is required to be paid within 30 days from the date of declaration of the said dividend. Companies are required to deposit the balance amount lying in the dividend account to an unclaimed dividend account within 37 days from the date of declaration. Any amount lying in the said account is termed as unclaimed dividend amount.

The details of unclaimed dividend as on July 31, 2018 are as follows:

Financial Year Unclaimed
Dividend as on
July 31, 2018
()
Unclaimed
Dividend as % to
total dividend
payable
Date of
declaration of
Dividend
Last date for
claiming Dividend
2011-12 17,16,427.00 0.41 June 18, 2012 July 17, 2019
2012-13 18,17,727.00 0.39 July 8, 2013 August 5, 2020
2013-14 22,84,167.00 0.41 May 28, 2014 June 26, 2021
2014-15 34,57,376.00 0.47 June 26, 2015 July 24, 2022
2015-16 34,91,317.00 0.41 June 22, 2016 July 20, 2023
2016-17 47,41,018.00 0.46 June 15, 2017 July 13, 2024
2017-18 48,55,869.00 0.40 May 30, 2018 June 28, 2025

Dividends not encashed or claimed, within seven years from the date of its transfer to the unclaimed dividend account, will, in terms of the provisions of section 124 of the Companies Act, 2013, be transferred to the Investor Education and Protection Fund (IEPF), established by the Central Government. However, in terms of Section 124 (6) of the Companies Act, 2013 and Rule 7 of the IEPF Rules, a shareholder can claim the dividend from IEPF after its transfer, by making an application in Form IEPF 5 online http://www.iepf.gov.in/IEPFA/refund.html)

Check your Unclaimed Dividend