HDFC Bank Limited has informed the Exchange about Publication of Notice in newspapers for transfer of equity shares to Investor Education and Protection Fund (IEPF) Authority
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Awaiting price reaction for this filing.
HDFC Bank has published newspaper notices informing shareholders about the transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) Authority, as required under Section 124(6) of the Companies Act, 2013 and the IEPF Rules, 2016. The shares being transferred are those originally held in erstwhile Housing Development Finance Corporation Limited (e-HDFC), which was amalgamated with HDFC Bank effective July 1, 2023, where shareholders have not claimed the final dividend for FY 2017-18 for seven consecutive years. The Bank sent individual communication letters to the concerned shareholders on May 21, 2025, and has uploaded full details of shares due for transfer on its website. Shareholders holding physical shares will receive new share certificates (originals cancelled), while demat shares will be transferred via corporate action. The last date for affected shareholders to claim their dividend and avoid transfer is August 28, 2025, after which claims will need to be made through IEPF-5 form on the MCA website.
This is a routine regulatory compliance filing and is unlikely to have any material impact on the stock price. A small set of shareholders (those who inherited e-HDFC shares via the amalgamation and have not claimed dividends for 7+ years) face an August 28, 2025 deadline to act, or risk losing their shares to the IEPF.