Dividend
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 |
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 |
Unclaimed |
Date of Declaration |
Last date for |
|
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)
