Intimation regarding Communication sent to shareholders for dematerialization of physical shares
Awaiting price reaction for this filing.
Hindusthan Insulators & Industries Ltd (formerly Hindusthan Urban Infrastructure Ltd) has sent letters to shareholders holding shares in physical form, asking them to convert their holdings into dematerialized (demat) form. This is tied to the company's earlier approved 1:5 sub-division of equity shares, which reduces the face value from Rs. 10 to Rs. 2 per share. The split was approved by the Board on 29 December 2025 and by shareholders through a postal ballot (results declared 5 February 2026). The record date for the sub-division is 13 March 2026, and shareholders with physical certificates are being urged to demat at the earliest so that the new sub-divided shares can be directly credited to their demat accounts. The letter lists the documents required (DRF, original share certificates, PAN, address proof, CML, ISR forms).
This is a procedural intimation rather than a new corporate action — the split itself was already approved. Shareholders holding physical shares should dematerialize before the 13 March 2026 record date to ensure smooth credit of the new shares; otherwise they may face additional paperwork later. No direct material impact on share price is expected from this communication alone.