Hero MotoCorp Launches 'Saksham Niveshak' Campaign for Unclaimed Dividends
Hero MotoCorp launched the 'Saksham Niveshak' campaign from April 1, 2026, to July 9, 2026, targeting shareholders with unpaid dividends. The initiative encourages timely claims before transfer to IEPFA. Shareholders must update KYC and bank details for electronic dividend payments.
This is a routine communication aimed at investor grievance redressal and compliance with regulatory requirements concerning unclaimed dividends. It does not involve any significant financial transactions, strategic shifts, or operational changes that would materially impact the company's business or stock.
The announcement is a procedural communication regarding unclaimed dividends and an investor education campaign, lacking specific financial performance data or significant corporate actions that would indicate a positive or negative sentiment.
Hero MotoCorp Limited has announced the launch of its second '100 Days' Campaign' titled "Saksham Niveshak". This initiative, running from April 1, 2026, to July 9, 2026, aims to educate and facilitate shareholders whose dividends have remained unpaid or unclaimed.
The campaign is in line with directives from the Investor Education and Protection Fund Authority (IEPFA) and focuses on encouraging shareholders to claim their outstanding dividend amounts before they are transferred to the IEPFA. Details of such unpaid/unclaimed dividends are available on the company's website.
Shareholders holding shares in dematerialized form are advised to contact the company's Registrar and Share Transfer Agent (RTA), KFin Technologies Limited, after ensuring their Know Your Client (KYC) details are updated with their Depository Participant (DP). For shares held in physical form, shareholders need to submit duly filled and signed documents, including Form ISR-1, Form ISR-2, and optionally Form SH-13 (for nominee addition) or Form ISR-3 (to opt out of nomination), to the RTA. The necessary forms can be downloaded from the RTA's website or Hero MotoCorp's website.
All dividend payments will now be remitted solely through electronic mode, as the use of 'payable-at-par' warrants or cheques has been discontinued. Unclaimed dividends and their corresponding shares will be transferred to the IEPF if they remain unclaimed for seven consecutive years. After this transfer, future benefits like bonus issues or stock splits will also go to the IEPF, and no claim will lie against the company for such transferred shares or dividends. Shareholders can claim these from the IEPF by making an online application in Form IEPF-5. The company also encourages shareholders to convert physical shares to dematerialized form for reduced risks and simplified transactions.
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Hero MotoCorp Limited filed this with the NSE as a statutory disclosure, categorised under other investor communications. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Hero MotoCorp Limited. Read the original for the full detail.