Aditya Birla Sun Life AMC launches campaign to claim unpaid dividends

1 min read     Updated on 03 Jun 2026, 04:45 AM
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Jubin VScanX News Team
AI Summary

Aditya Birla Sun Life AMC Limited has initiated the 'Saksham Niveshak' campaign from April 1, 2026, to July 9, 2026, to assist shareholders in claiming unpaid dividends for financial years 2021-22 to 2024-25. The campaign emphasizes updating KYC, nomination, and bank details to ensure electronic credit of dividends and prevent transfer to the IEPF. Shareholders must update details with their DPs and inform KFin Technologies Limited, the RTA, to process claims.

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Aditya Birla Sun Life AMC Limited has launched the Second 100 Days Campaign, titled 'Saksham Niveshak', to enable shareholders to claim unpaid and unclaimed dividends. The initiative, active from April 1, 2026 to July 9, 2026, focuses on shareholders whose dividends remain unclaimed, with an emphasis on Know Your Customer (KYC) updation and related compliance measures. This campaign follows a request from the Investor Education and Protection Fund Authority (IEPFA), Ministry of Corporate Affairs (MCA), communicated on March 27, 2026.

The primary objective of the campaign is to create awareness among shareholders to update their KYC and nomination details. This includes updating PAN, contact information such as postal address, mobile number, and email, as well as bank account details. Ensuring these details are current is critical for shareholders to receive dividends, which are payable only through electronic mode. The company aims to facilitate the claiming process before the amounts are transferred to the Investor Education and Protection Fund ('IEPF').

Shareholders with unpaid dividends for any financial years from 2021-22 to 2024-25 are eligible to participate. To claim these funds, shareholders must update their KYC details and bank mandates with their respective Depository Participants ('DPs'). Once the details are updated, shareholders are required to intimate the same to KFin Technologies Limited, the Registrar and Transfer Agent ('RTA') of the company.

Contact Details for Claims

Shareholders can reach out to KFin Technologies Limited for queries or assistance related to unpaid or unclaimed dividends. The specific contact details for the RTA are as follows:

Entity KFin Technologies Limited
Unit Aditya Birla Sun Life AMC Limited
Address Selenium Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad, Telangana - 500032
Email ID einward.ris@kfintech.com
Toll-Free No. 1800 309 4001
Website https://www.kfintech.com

The company urges all eligible shareholders to take advantage of this opportunity and submit the necessary details and documents at the earliest. This proactive measure is intended to help shareholders avoid the transfer of their unclaimed dividends to the IEPF. For further assistance regarding the campaign, shareholders may contact the company at abslamc.cs@adityabirlacapital.com .

Historical Stock Returns for Aditya Birla Sun Life AMC

1 Day5 Days1 Month6 Months1 Year5 Years
+0.09%+0.67%+1.87%+43.01%+37.47%+47.86%

What impact will the 'Saksham Niveshak' campaign have on Aditya Birla Sun Life AMC's shareholder retention metrics?

Could the success of this initiative prompt other asset management companies to launch similar recovery campaigns?

How might the IEPFA increase regulatory pressure on AMCs if unclaimed dividend amounts remain high after this campaign?

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Aditya Birla Sun Life AMC appoints Agarwal, re-appoints two directors

1 min read     Updated on 20 May 2026, 01:14 AM
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Aditya Birla Sun Life AMC Limited's Board has appointed Mr. Sushil Agarwal as Additional Director effective May 20, 2026, and re-appointed Mr. Sunder Rajan Raman and Mr. Ramesh Abhishek as Independent Directors for a five-year term starting January 1, 2027. All appointments are subject to shareholder approval.

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Aditya Birla Sun Life AMC Limited has announced changes to its Board of Directors following a meeting held on May 19, 2026. The Board approved the appointment of a new Additional Director and the re-appointment of two Independent Directors, all subject to the approval of the company's shareholders.

Appointment of Additional Director

The Board appointed Mr. Sushil Agarwal as an Additional Director (Non-Executive) of the company with effect from May 20, 2026. Mr. Agarwal is the Chief Financial Officer of Aditya Birla Group and a Director of Aditya Birla Management Corporation Private Limited. He has been with the Aditya Birla Group for over 37 years and serves on the boards of several group companies, including Hindalco Industries Limited and Grasim Industries Limited.

Re-appointment of Independent Directors

The company has approved the re-appointment of Mr. Sunder Rajan Raman and Mr. Ramesh Abhishek as Independent Directors. Both directors will serve a second term of five consecutive years commencing from January 1, 2027, until December 31, 2031.

Mr. Raman is a former Whole-Time Member of SEBI and has served as the Chairman and Managing Director of Canara Bank. Mr. Abhishek is a retired IAS officer of the 1982 batch and formerly served as the Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT).

Key Details of Appointments

Director Role Term Start Term End Key Details
Mr. Sushil Agarwal Additional Director (Non-Executive) May 20, 2026 Liable to retire by rotation Representative of Aditya Birla Capital Limited
Mr. Sunder Rajan Raman Independent Director January 1, 2027 December 31, 2031 Second term; continuation post age 75
Mr. Ramesh Abhishek Independent Director January 1, 2027 December 31, 2031 Second term; not liable to retire by rotation

Historical Stock Returns for Aditya Birla Sun Life AMC

1 Day5 Days1 Month6 Months1 Year5 Years
+0.09%+0.67%+1.87%+43.01%+37.47%+47.86%

How might Sushil Agarwal's dual role as Aditya Birla Group CFO and board member influence Aditya Birla Sun Life AMC's future capital allocation and strategic investment decisions?

What regulatory or governance changes could result from having a former SEBI Whole-Time Member like Sunder Rajan Raman continue on the board through 2031?

How could the strengthened board composition impact Aditya Birla Sun Life AMC's competitive positioning and potential expansion plans in India's rapidly growing mutual fund industry?

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1 Year Returns:+37.47%