HPL Electric Reminds Shareholders of Unclaimed Dividends
HPL Electric & Power Ltd has issued a reminder letter to shareholders regarding unclaimed dividends, particularly for FY 2018-19, with a deadline of October 15, 2026, to claim them. As per the Companies Act, 2013, dividends remaining unclaimed for seven years from the transfer date are transferred to the Investor Education and Protection Fund (IEPF). Shares associated with these unclaimed dividends are also liable for transfer to IEPF. Shareholders are urged to submit necessary documentation to the Registrar and Share Transfer Agent (RTA), KFin Technologies Limited, to claim their dividends and retain their shares. Failure to do so by the deadline will result in the transfer to IEPF, after which claims must be made directly from the IEPF Authority using Form IEPF-5.
Key Highlights
- Shareholders must claim unpaid dividends by October 15, 2026.
- Unclaimed dividends and associated shares will be transferred to IEPF.
- Action required includes submitting specific forms and documents to RTA.
- Claims after transfer must be made directly from IEPF Authority.
Price Impact
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