DB Corp Limited Issues IEPF Transfer Notice for Unclaimed Dividend and Shares

2 min read     Updated on 21 Mar 2026, 10:43 PM
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Radhika SScanX News Team
AI Summary

DB Corp Limited has issued a notice regarding the transfer of unclaimed Second Interim Dividend for FY 2018-19 and underlying shares to IEPF Authority. The transfer will occur within 30 days from June 21, 2026, unless shareholders make valid claims by June 5, 2026. The company has communicated individually to affected shareholders and provided comprehensive support for the claims process.

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DB Corp Limited has issued a comprehensive notice to its equity shareholders regarding the mandatory transfer of unclaimed dividend and underlying shares to the Investor Education and Protection Fund (IEPF) Authority, in compliance with statutory requirements under the Companies Act, 2013.

Regulatory Compliance and Transfer Timeline

The notice, published on March 21, 2026, addresses the transfer requirements under Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The regulations mandate that dividends remaining unpaid or unclaimed for seven years must be transferred to the IEPF Authority's bank account.

Parameter Details
Affected Dividend Second Interim Dividend for FY 2018-19
Transfer Due Date June 21, 2026
Transfer Timeline Within 30 days from due date
Shareholder Deadline June 5, 2026

Shareholder Communication and Claims Process

DB Corp has undertaken comprehensive measures to inform affected shareholders about the impending transfer. The company has communicated individually to all shareholders whose unpaid or unclaimed dividend and underlying shares are liable for transfer to the IEPF Authority through a letter dated March 20, 2026, sent to their latest available addresses.

The company has also uploaded a detailed list of affected shareholders on its website at www.dbcorpltd.com , enabling shareholders to verify details of unpaid or unclaimed dividend and underlying shares liable for transfer. This proactive approach ensures transparency and provides shareholders with adequate opportunity to claim their dues.

Transfer Exemptions and Conditions

The company will not transfer shares in specific circumstances where legal restrictions apply. These exemptions include:

  • Shares subject to specific orders from Court, Tribunal, or statutory authority restraining transfer
  • Shares pledged or hypothecated under the Depositories Act, 1996 provisions
  • Cases where legal impediments prevent normal transfer procedures

Recovery Process for Transferred Assets

Shareholders whose dividend and shares are transferred to IEPF Authority retain the right to claim them back. The recovery process involves following prescribed procedures under the IEPF Rules, with detailed information available on the official IEPF website at www.iepf.gov.in .

Both unpaid dividend and underlying shares transferred to IEPF Authority, including all accruing benefits except right shares, can be reclaimed by following the stipulated procedure. The company emphasizes that no liability will remain against DB Corp once the transfer is completed.

Contact Information and Support

For queries, information, or clarification regarding the transfer process, shareholders can contact:

Contact Type Details
Registrar and Share Transfer Agent KFin Technologies Limited
Address Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Hyderabad - 500 032
Toll-free Number 1800 309 4001
Email einward.ris@kfintech.com
Key Contact Mr. Prem Kumar Maruturi, Senior Manager
Company Secretary Mr. Om Prakash Pandey ( dbcs@dbcorp.in )

The notice represents DB Corp's commitment to regulatory compliance while ensuring shareholders receive adequate notification and opportunity to claim their rightful dues before the mandatory transfer deadline.

Historical Stock Returns for DB Corp

1 Day5 Days1 Month6 Months1 Year5 Years
+3.39%-1.18%-11.33%-26.07%-15.00%+117.68%

How might DB Corp's proactive IEPF compliance approach influence other listed companies' dividend communication strategies?

What impact could the transfer of unclaimed shares to IEPF have on DB Corp's future shareholder voting dynamics and corporate governance decisions?

Will DB Corp implement enhanced digital dividend payment systems to reduce future unclaimed dividend accumulation?

DB Corp Limited Allots 3,569 Equity Shares Under Employee Stock Option Scheme

1 min read     Updated on 16 Mar 2026, 07:08 PM
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Reviewed by
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AI Summary

DB Corp Limited has allotted 3,569 equity shares under its Employee Stock Option Scheme 2011 on March 16, 2026, following approval by the Compensation Committee. The allotment increased the company's paid-up share capital to Rs. 178,24,59,260 and total shares to 17,82,45,926. The shares were exercised at prices ranging from Rs. 10 to Rs. 30, with all shares carrying a face value of Rs. 10 each and ranking pari-passu with existing equity shares.

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DB Corp Limited has completed the allotment of 3,569 fully paid-up equity shares under its Employee Stock Option Scheme 2011 on March 16, 2026. The allotment was approved by the Compensation Committee of the Board of Directors through a circular resolution, following the exercise of stock options by certain employees.

Share Capital Impact

The allotment has resulted in an increase in the company's issued and paid-up equity share capital. The following table shows the impact on the company's share capital structure:

Particulars: No. of Shares Issued and Paid-up Capital (Rs.)
Before Allotment: 17,82,42,357 178,24,23,570
Shares Allotted: 3,569 35,690
After Allotment: 17,82,45,926 178,24,59,260

All shares carry a face value of Rs. 10 each and rank pari-passu with the existing equity shares of the company.

Exercise Price Details

The allotted shares were exercised at different price points under the DBCL ESOS - 2011 Scheme. The breakdown of the allotment shows varying exercise prices:

Allotment Date: Shares Exercise Price (Rs.) Premium (Rs.)
16-03-2026: 1,396 10 -
16-03-2026: 1,173 15 5
16-03-2026: 1,000 30 20
Total: 3,569

Regulatory Compliance

The allotment was conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to the requirements under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The DBCL ESOS - 2011 Scheme received in-principle approval from BSE Limited on September 6, 2011, and from the National Stock Exchange of India Limited on September 16, 2011. The shares have been assigned distinctive numbers from 187442358 to 187445926 and carry the ISIN number INE950I01011.

Company Profile

DB Corp Limited operates as India's largest newspaper group, with presence across 14 states and publications in 4 languages. The company's portfolio includes prominent brands such as Dainik Bhaskar, Divya Bhaskar, Divya Marathi, Bhaskar English, and MY FM radio stations.

Historical Stock Returns for DB Corp

1 Day5 Days1 Month6 Months1 Year5 Years
+3.39%-1.18%-11.33%-26.07%-15.00%+117.68%

More News on DB Corp

1 Year Returns:-15.00%