HPL Electric & Power Limited has informed the Exchange regarding 'Reminder Letter Sent To Shareholders For Claiming Unclaimed Dividend '.
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HPL Electric & Power Limited has sent reminder letters to shareholders whose dividend for FY 2017-18 (declared on September 27, 2018) remains unclaimed. Under Section 124 of the Companies Act, 2013, dividends unpaid or unclaimed for seven years, along with the corresponding shares, must be transferred to the Investor Education and Protection Fund (IEPF). Shareholders have until October 15, 2025 to claim their unpaid dividend by submitting the required documents to the company's Registrar and Transfer Agent, KFin Technologies Limited. If no claim is made by the deadline, the company will transfer both the unclaimed dividend amount and the underlying shares to the IEPF Authority without any further notice. Once transferred, shareholders can only reclaim their holdings by filing Form IEPF-5 with the MCA, and no claim will lie against the company thereafter.
This is a routine regulatory compliance filing under SEBI LODR Regulation 30 and does not affect the company's operations or stock price. Shareholders holding HPL Electric shares who have not claimed their FY 2017-18 dividend risk losing both the dividend and their shares to the IEPF if they do not act before October 15, 2025.