HEROMOTOCONSEHero MotoCorp Limited· Automobiles - 2 And 3 WheelersMinimalNeutral
Announced Fri, 15 May · 17:56 IST

Please find enclosed a specimen of the reminder letter sent to those shareholders whose dividend remained unpaid / unclaimed and whose shares are liable to be transferred to the Investor Education and Protection Fund Authority under Section 124(6) of the Companies Act, 2013.

HEROMOTOCO · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹5047.00
prior close
₹5034.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2-1.5-1.9-1.8-0.9-1.6-1.4-1.5-1.2+0.8-3.9-0.3-1.3
Up moveDown movePending
AI summary

Hero MotoCorp has sent reminder letters to shareholders who have not encashed their Final Dividend for FY 2018-19. Under Section 124(5) of the Companies Act, 2013, unpaid dividends remaining unclaimed for seven years must be transferred to the Investor Education and Protection Fund (IEPF). Additionally, under Section 124(6), shares corresponding to such unclaimed dividends for seven consecutive years will also be transferred to the IEPF Authority's Demat account. The deadline to claim is August 20, 2026 — after this date, the company will initiate transfer of both the dividend amount and eligible shares to IEPF. The company also encourages shareholders to participate in the 'Saksham Niveshak' campaign (April 1 to July 9, 2026) focused on KYC updation. Physical shareholders are urged to dematerialise their shares and update KYC details, as dividend payments are now processed only via electronic mode.

Likely market impact

This is a routine regulatory compliance disclosure with no direct impact on the company's financial performance or stock price. Affected shareholders who do not claim by the deadline will lose dividend entitlements and see their shares transferred to IEPF, after which claims can only be made through the IEPF Authority portal.