Please find enclosed a specimen of the reminder letter sent to those shareholders whose Final dividend for the FY 2017-18 remains unpaid / unclaimed and whose shares / dividend 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 sent reminder letters to shareholders whose Final dividend for the financial year 2017-18 remains unpaid or unclaimed. These shareholders' shares and unclaimed dividends are set to be transferred to the Investor Education and Protection Fund (IEPF) Authority under Section 124(6) of the Companies Act, 2013. Shareholders are being urged to claim their pending dividends before the transfer happens. This is a routine yearly compliance filing by the company.
Shareholders who have not yet claimed their FY 2017-18 final dividend should act quickly to avoid losing their dividend and potentially their shares to the IEPF Authority. This is a standard regulatory reminder and is unlikely to have any direct impact on the stock price.