Nuvama Wealth Management Allots 1,38,099 Equity Shares Under...
Source: scanx.trade
RBL Bank Limited has allotted 3,54,973 (Three Lakh Fifty-Four Thousand Nine Hundred and Seventy-Three) equity shares of face value Rs. 10/- each to eligible employees on May 11, 2026. The allotment was made pursuant to the exercise of vested stock options by eligible employees under the Bank's ESOP Scheme(s). The Bank formally intimated this development to BSE Limited and the National Stock Exchange of India Limited on the same date.
Share Capital Impact
The allotment has resulted in a measurable increase in the Bank's paid-up share capital. The following table summarises the change in paid-up equity share capital consequent to this allotment:
Parameter: Before Allotment After Allotment Number of Equity Shares: 61,83,45,307 61,87,00,280 Face Value per Share: Rs. 10/- Rs. 10/- Aggregate Paid-Up Capital: Rs. 618,34,53,070 Rs. 618,70,02,800
ESOP Allotment Details
The key details of the allotment are as follows:
Shares Allotted: 3,54,973 equity shares
Face Value: Rs. 10/- per share
Date of Allotment: May 11, 2026
Beneficiaries: Eligible employees of RBL Bank Limited
Scheme: ESOP Scheme(s) of the Bank
The intimation was digitally signed by Niti Arya, Company Secretary of RBL Bank Limited, on May 11, 2026.
RBL Bank Limited has issued a formal public notice through newspaper advertisements in Financial Express (English) and Punyanagari (Marathi) informing its equity shareholders about the forthcoming transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority. The notice was dated May 07, 2026, and the regulatory filing was made on May 08, 2026, in compliance with Regulation 30 and 47 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Regulatory Basis for the Transfer
The notice has been published pursuant to Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as notified by the Ministry of Corporate Affairs and amended from time to time. Under these provisions, all shares in respect of which dividends have not been paid or claimed by shareholders for seven consecutive years are required to be transferred to the Demat account of the IEPF Authority. The bank has clarified that shares subject to a specific court, tribunal, or statutory authority order restraining transfer, or shares that are pledged or hypothecated under the Depositories Act, 1996, will not be transferred to the IEPF Authority.
Key Details of the Transfer Notice
The following table summarises the key parameters of the IEPF transfer notice:
Parameter: Details Dividend Period: Financial Year 2018-19 (Final Dividend) Reason for Transfer: Dividend unclaimed for seven consecutive years Claim Deadline: August 13, 2026 Transfer Destination: IEPF Authority Demat Account Notice Publication Date: May 07, 2026 Filing Date: May 08, 2026 Newspapers Published: Financial Express (English), Punyanagari (Marathi)
Action Required by Shareholders
RBL Bank has sent individual reminder letters to concerned shareholders at their registered addresses whose dividend amounts have remained unclaimed or unencashed for the last seven consecutive years commencing from the unpaid Final Dividend Account for the financial year 2018-19. The bank has also uploaded the full data of such shareholders—including name, DP ID, Client ID, and Folio Number, along with details of shares liable for transfer—on its website for reference.
Shareholders are requested to note the following key points:
Unclaimed dividends for FY 2018-19 must be claimed on or before August 13, 2026
Claim requests received after August 13, 2026 will not be considered by the bank
Upon transfer, no claim shall lie against the bank in respect of unclaimed dividends and equity shares transferred to the IEPF Authority
All future benefits and dividends arising from such transferred shares will also be credited to the IEPF Authority
Shareholders holding shares in physical form should note that upon execution of the corporate action, original share certificates registered in their name will be deemed automatically cancelled and non-negotiable
Both unclaimed dividends and corresponding shares, along with all accruing benefits, can be reclaimed from the IEPF Authority by following the procedure prescribed under the IEPF Rules
Contact Information for Shareholder Queries
Shareholders with queries regarding the above matter may contact the following:
Contact: Details Registrar & Transfer Agent: M/s. MUFG Intime India Pvt. Ltd (formerly M/s. Link Intime India Private Limited), C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai - 400 083 RTA Email: investor.relations@in.mpms.mufg.com RTA Telephone: +91 22 49186000 Company Secretary: RBL Bank Limited, One World Centre, Tower 2B, 9th Floor, 841, Senapati Bapat Marg, Lower Parel West, Mumbai - 400 013 CS Email: investorgrievances@rbl.bank.in CS Telephone: +91 231 6650200
The notice has been signed by Niti Arya, Company Secretary of RBL Bank Limited (FCS - 5586), and the newspaper clippings are available on the bank's website at www.rbl.bank.in under the investor relations section.
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Source: scanx.trade