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
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Hero MotoCorp has submitted to the stock exchanges a specimen copy of the reminder letter being sent to shareholders whose dividends have remained unpaid or unclaimed for seven or more years. As per Section 124(6) of the Companies Act, 2013, such shares along with unpaid dividends are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority. The letter covers unclaimed dividends from Interim 2018-19 (due for IEPF transfer on 5 March 2026), Final 2018-19 (30 August 2026), and Interim 2019-20 (12 March 2027). Shareholders have been asked to submit KYC documents, original dividend warrants, and bank details to the company's Registrar KFin Technologies at least 30 days before the respective due dates to claim their money and prevent share transfer.
This is a routine regulatory compliance disclosure under SEBI Listing Regulations and does not directly affect the company's financials or stock price. However, shareholders holding old unclaimed dividends from 2018-19 and 2019-20 must act quickly to claim their money, or their shares will be permanently transferred to the IEPF and become difficult to recover.