Motilal Oswal Financial Services Limited — Important, 22-11-2024: General Updates

Eligible shareholders have received reminder letters regarding unclaimed dividends and equity shares, which may be transferred to the Investor Education and Protection Fund (IEPF) if not claimed within the stipulated period. The company has reported that dividends have not been claimed for the last seven consecutive years, starting from the interim dividend declared for the financial year 2017-18. Shareholders are urged to submit claims by February 24, 2025, to avoid the transfer of their shares and dividends to the IEPF. The company has provided a detailed list of the unclaimed dividends and shares on its website. This move signals a focus on compliance while also ensuring shareholders remain aware of their entitlements, impacting the company’s shareholder relations positively but also posing a risk of shareholder dissatisfaction if claims are overlooked. Investors should monitor compliance actions closely, as they could influence investor sentiment.