Automotive Axles Limited Notifies Shareholders of IEPF Saksham Niveshak Second 100 Days Campaign

3 min read     Updated on 09 May 2026, 05:24 AM
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AI Summary

Automotive Axles Limited has informed shareholders about the IEPFA's Saksham Niveshak – Second 100 Days Campaign running from April 1, 2026 to July 9, 2026, aimed at resolving unclaimed dividends and shares transferred to IEPF. The company has outlined mandatory KYC update requirements per SEBI circulars dated May 17, 2023 and December 16, 2021, and provided detailed submission processes for both physical and demat shareholders through its registrar, Integrated Registry Management Services Private Limited.

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Automotive Axles Limited has notified its shareholders regarding the Investor Education and Protection Fund Authority's (IEPFA) launch of the "Saksham Niveshak – Second 100 Days Campaign," scheduled from April 1, 2026 to July 9, 2026. The communication, issued on May 8, 2026, follows a directive from the IEPFA, Ministry of Corporate Affairs (MCA), conveyed via email dated March 27, 2026. The initiative is designed to reach out to shareholders whose dividends remain unpaid or unclaimed and to prevent such amounts from being transferred to the IEPF.

About the Saksham Niveshak Campaign

The Saksham Niveshak – Second 100 Days Campaign is a nationwide investor awareness initiative aimed at facilitating the resolution of pending issues related to unclaimed dividends and shares transferred to the IEPF. The campaign also seeks to assist investors in updating their KYC and nomination details, and to enable them to claim their rightful entitlements. Automotive Axles Limited has proactively engaged with its shareholders to facilitate the claiming of unpaid or unclaimed dividends under this campaign.

Key Campaign Details

The following table summarises the key parameters of the campaign:

Parameter: Details
Campaign Name: Saksham Niveshak – Second 100 Days Campaign
Campaign Period: April 1, 2026 to July 9, 2026
Governing Authority: IEPFA, Ministry of Corporate Affairs (MCA)
IEPF Website: www.iepf.gov.in
Company Investor Page: www.autoaxle.com/agm
Company Secretary Email: sec@autoaxle.com

Mandatory KYC and Documentation Requirements

Pursuant to SEBI circulars dated May 17, 2023 and December 16, 2021, it is mandatory for all investors to update their PAN, KYC, nomination, bank details, contact details, and demat account linking (where applicable) to avoid freezing of folios and to ensure seamless processing of corporate benefits. Dividends on shares are payable only in electronic mode, meaning dividends will be credited directly to the bank accounts of shareholders.

Shareholders are requested to download and submit the following forms from the company's website or via the provided weblink:

  • Form ISR-1: Duly filled and signed, with self-attested KYC documents
  • Form ISR-2: Duly filled and signed, with banker's attestation of signature and original cancelled cheque (with name printed) or self-attested bank passbook/statement
  • Form SH-13: For adding a nominee
  • Form ISR-3: For shareholders who wish to opt out of nomination

Forms and related investor updates are available at: www.autoaxle.com/investorupdates

How Shareholders Can Submit Documents

The company has outlined separate processes for physical and demat shareholders. The following table provides submission details for physical shareholders:

Parameter: Details
Contact Person: Mr. Harish K, Chief Manager
Email: irg@integratedindia.in
Registrar: Integrated Registry Management Services Private Limited
Postal Address: No. 30, Ramana Residency, 4th Cross, Sampige Road, Malleswaram, Bengaluru – 560003, Karnataka
Telephone: +91-80-23460815-818
Fax: +91-80-23460819

Documents may be submitted via post/courier (physically signed, self-attested, and dated copies) or via email (sent from the shareholder's registered email ID with digitally signed documents; for joint holders, the first holder must sign all documents).

Shareholders holding shares in demat form who have not claimed their dividend can do so by updating or modifying their details with their respective depository participants.

Shareholder Action Steps

Automotive Axles Limited has outlined the following steps for shareholders whose unclaimed dividends and shares have been transferred to the IEPF:

  • Visit the IEPF website www.iepf.gov.in to review the claim filing procedures
  • Visit the company's website www.autoaxle.com/agm under the Investor Relations section for details of unclaimed dividends and shares transferred to the IEPF
  • Contact the company at sec@autoaxle.com for any assistance or queries related to the campaign

The company has also hosted this information on its social media platforms to maximise shareholder outreach. The communication has been signed by Debadas Panda, Company Secretary & Compliance Officer, Automotive Axles Limited.

Historical Stock Returns for Automotive Axles

1 Day5 Days1 Month6 Months1 Year5 Years
-0.05%-0.95%-8.92%-3.41%-1.40%+29.29%

How much total unclaimed dividend amount does Automotive Axles Limited currently have pending with IEPF, and what percentage of shareholders are yet to claim their entitlements?

Could stricter SEBI enforcement of KYC compliance and folio freezing regulations lead to a significant reduction in unclaimed dividends across Indian listed companies in the next few years?

How might the digitization of dividend payments and mandatory demat linking impact retail investor participation and dividend recovery rates in mid-cap automotive sector companies?

Automotive Axles Amends MOU with Meritor HVS India, Extends Term by One Year

2 min read     Updated on 30 Apr 2026, 08:50 AM
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AI Summary

Automotive Axles Limited has amended its Memorandum of Understanding with Meritor HVS (India) Limited, extending the agreement term by one year from May 01, 2026 to April 30, 2027. The amendment was executed on April 29, 2026 under Regulation 30 of SEBI Listing Regulations, with no material impact on the company's operations or financial position.

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Automotive Axles Limited has announced an amendment to its Memorandum of Understanding with Meritor HVS (India) Limited. The amendment, executed on April 29, 2026, extends the original MOU's term by one year, demonstrating continued collaboration between the two automotive industry players.

Agreement Extension Details

The key details of the Memorandum of Understanding amendment are outlined in the company's regulatory filing:

Parameter Details
Amendment Date April 29, 2026
Original Term End May 01, 2026
Extended Term End April 30, 2027
Extension Period One Year
Impact on Company No Impact
Agreement Type Amendment to Memorandum of Understanding

Regulatory Compliance and Filing Details

The disclosure has been made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Debadas Panda signed the regulatory filing, which was digitally executed on April 29, 2026 at 12:19:34 +05'30'.

This amendment follows the company's earlier disclosure dated March 20, 2025, which detailed the original Memorandum of Understanding between Automotive Axles Limited and Meritor HVS (India) Limited. The filing references Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 issued on July 11, 2023 (updated as on January 30, 2026).

Agreement Framework and Terms

According to the regulatory annexure, the amendment maintains the same framework as the original agreement. The company has indicated that key aspects remain unchanged from the original disclosure:

Agreement Aspect Status
Purpose Same as March 20, 2025 disclosure
Significant Terms Same as March 20, 2025 disclosure
Related Party Status Same as March 20, 2025 disclosure
Party Relationship Same as March 20, 2025 disclosure
Agreement Size Not Applicable
Shareholding Details Not Applicable

The filing confirms that both parties mutually agreed to this extension, with no material impact on the company's operations or financial position. The original disclosure dated March 20, 2025 is available on the websites of stock exchanges and the company's official website.

Corporate Information

Automotive Axles Limited operates from its registered office and Mysuru unit located in Hootagalli Industrial Area, Off Hunsur Road, Mysuru, Karnataka. The company maintains various international quality certifications including ISO 9001:2015, IATF 16949:2016, EMS ISO 14001:2015, and OHSAS ISO 45001:2018, reflecting its commitment to quality and operational excellence in the automotive axles manufacturing sector.

Historical Stock Returns for Automotive Axles

1 Day5 Days1 Month6 Months1 Year5 Years
-0.05%-0.95%-8.92%-3.41%-1.40%+29.29%

What specific business opportunities or projects might emerge from this extended collaboration between Automotive Axles and Meritor HVS that could drive revenue growth?

How could this partnership extension position Automotive Axles to compete in India's evolving electric and hybrid commercial vehicle market?

Will this MOU extension lead to potential joint ventures or deeper strategic alliances in the heavy vehicle systems segment?

More News on Automotive Axles

1 Year Returns:-1.40%