HPL Electric & Power Limited has issued a reminder to its shareholders regarding unclaimed dividends and shares that are liable for transfer to the Investor Education and Protection Fund (IEPF).
- The reminder is for shareholders whose dividends are unclaimed/unpaid, and shares are subject to transfer to the IEPF as per Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
- Any money in the Unpaid Dividend Account that remains unclaimed for seven years from the date of transfer will be moved to the IEPF.
- Similarly, shares for which dividends have not been paid or claimed for seven consecutive years will also be transferred to the IEPF Account.
- Shareholders are advised to claim their unpaid or unclaimed dividends, such as the dividend declared for FY 2017-18 on September 27, 2018, by October 15, 2025.
- Applications, along with required documents, should be sent to KFin Technologies Limited (Registrar and Share Transfer Agent) or the Company.
- Failure to claim by October 15, 2025, will result in the transfer of the unclaimed dividend amount and corresponding shares to the IEPF without further notice.
- Unclaimed dividends and shares, including any subsequent corporate benefits, can still be claimed from the IEPF Authority by submitting an online application in Form IEPF-5.