Year | Document | Report |
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The Consolidated unclaimed/ unpaid dividend details as required by the Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012, are provided herein below for all the unclaimed/unpaid dividend accounts outstanding for the respective financial years.
Pursuant to Regulation 39(4) of Listing Regulations read with Schedule VI of the said Regulations, Company has dematerialized the shares which had returned undelivered by postal authorities and lying unclaimed with the Company.
The dematerialized shares are held in the Company’s ‘Unclaimed Suspense Account’ (Suspense Account) opened with Kotak Securities Limited. Voting rights of these shares remain frozen till the rightful owner claims these shares.
Further, corporate benefits accruing on these shares, viz., bonus shares, split etc., shall also be credited to the Suspense Account. Upon completion of a period of seven years, the shares along with corporate benefits shall be transferred by the Company to Investor Education and Protection Fund (IEPF), in accordance with the above regulations.
Details of shares held in the Suspense Account for the period under review is as under:
Particulars | Number of shareholders | Number of equity shares |
---|---|---|
Aggregate number of Shareholders and the outstanding shares in the suspense account lying at the beginning of the year | 1,040 | 65,394 |
Shareholders who approached the Company for transfer of shares from suspense account during the year | 5 | 473 |
Shareholders to whom shares were transferred from the suspense account during the year | 4 | 361 |
Aggregate number of Shareholders and shares which were transferred to IEPF as per the MCA Circular | - | - |
Aggregate number of Shareholders and the outstanding shares in the suspense account lying as on March 31, 2024 | 1,036 | 65,033 |
The voting rights on the shares outstanding in the suspense account as on March 31, 2024
Provisions of Sections 124 and 125 of the Act read with the Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 (IEPF Rules), as amended from time to time, mandates Companies to transfer dividend that has remained unpaid/ unclaimed for a period of seven years to Investor Education and Protection Fund (IEPF). Further, IEPF Rules mandate that shares on which dividend has not been claimed/ encashed for seven consecutive years or more be transferred to IEPF.
In accordance with the said IEPF Rules and its amendments, Company has sent reminders to respective Shareholders informing them to claim their unclaimed dividends and shares before it is transferred to IEPF. Transfer of Dividend/Shares of Shareholders who responded to Company’s correspondence was facilitated.
Company has appointed Ms. Manjula Ramamurthy, Company Secretary as the Nodal Officer of the Company under the provisions of IEPF, the details of which are available on the website of the Company https://www.strides.com/investor-iepf.html.
Details of transfer of Dividend & Shares to IEPF during FY 2023-24 is as under:
FY | Type of Dividend | Amount transferred to IEPF(in INR) | No. of shares transferred to IEPF | No. of shares transferred to IEPF |
---|---|---|---|---|
2015-2016 | Final | July 29, 2016 | 14,02,980.00 | 33,363 |
Shareholders may note that no claim shall lie in respect of the above with the Company.
They may claim the unclaimed dividend and corresponding shares transferred to IEPF by following the procedure prescribed in the IEPF Rules at https://www.iepf.gov.in/IEPF/corporates.html.
Shareholders may contact the RTA at einward.ris@kfintech.com or the Company at investors@strides.com to understand and initiate the process.
Details of upcoming transfers to IEPF is provided hereunder:
Financial Year Ended | Type of Dividend | Dividend Rate | Date of declaration | Due date for transfer to IEPF |
---|---|---|---|---|
March 31, 2017 | Final | 45% | Sept 15, 2017 | Oct 21, 2024 |
March 31, 2018 | Final | 20% | Sept 24, 2018 | Oct 30, 2025 |
March 31, 2019 | Final | 30% | July 30, 2019 | Sept 4, 2026 |
March 31, 2020 | Interim | 120% | July 29, 2019 | Sept 3, 2026 |
March 31, 2020 | Final | 20% | Aug 20, 2020 | Sep 25, 2027 |
March 31, 2021 | Final | 25% | Sept 3, 2021 | Oct 9, 2028 |
March 31, 2023 | Final | 15% | Aug 28, 2023 | Oct 3, 2030 |
The Company's shares are traded in dematerialised form. The Company has established connectivity with both the Depositories viz., National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) through the Registrar, Karvy Fintech Private Limited.
As at March 31, 2019, 99.83% of the paid-up share capital of the Company representing 89,396,070 shares has been dematerialised and balance 0.17% representing 153,406 shares of the Company is in physical form.
Updation of PAN and Bank Details of Shareholders
Pursuant to SEBI circular bearing reference SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 dated April 20, 2018, the Company through its Registrar and Transfer Agents has initiated collection of copies of PAN and bank account details of the shareholders holding shares in physical form.
In this connection, Company has sent reminders to shareholders holding shares in physical form, requesting them to register/ update their PAN and bank account details. For ease of shareholders and effective updation, Company has provided postage paid/ pre-paid Business Reply Envelopes (BRE).
SEBI restriction on transfer of physical shares
SEBI vide its Notification no. SEBI/ LAD-NRO/GN/2018/24 has notified that with effect from December 5, 2018, except in case of transmission or transposition of securities, requests for effecting the transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository. Listing Regulations are appropriately amended to this effect.
In other words, there will not be any transfer of physical shares after 5 Dec 2018.
The said measure of SEBI is aimed at curbing fraud and manipulation risk in physical transfer of securities by unscrupulous entities. Transfer of securities only in demat form will improve ease, convenience and safety of transactions for investors.
Shareholders who continue to hold shares in physical form are advised to dematerialize their shares at the earliest. For any clarification, assistance or information relating to dematerialization of shares – members may contact the Company’s RTA.
Ms. Manjula Ramamurthy
Company Secretary
Strides Pharma Science Limited
Bangalore – 560 076
Ph: +91 80 6784 0734
Mob: +91 9880667807
Email:
Manjula.r@strides.com
investors@strides.com