Please find enclosed a specimen of the letter sent to those shareholders whose dividend were not remitted electronically, as the transaction(s) were rejected by the banking system.
HEROMOTOCO · price
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Hero MotoCorp has shared with stock exchanges a specimen letter being sent to shareholders whose dividend payments could not be processed electronically because the banking system rejected the transactions. Under updated SEBI rules effective November 19, 2025, dividends can only be paid electronically. As a result, the dividend for these shareholders has been withheld. Shareholders are being asked to update their bank account details with their Depository Participant (for demat shares) or with the company's Registrar and Transfer Agent, KFin Technologies (for physical shares). The record date for the dividend was February 11, 2026. The withheld dividend will be released electronically once valid bank details are provided and confirmed to the RTA. The specific dividend amount per share is not mentioned in this filing as it is a template letter.
This is a routine compliance disclosure with no material impact on the company or its share price. A small group of shareholders may face a temporary delay in receiving their dividend until they update their bank details. The company itself is unaffected as the funds remain in its accounts.