Hero MotoCorp starts Saksham Niveshak dividend claim campaign
Hero MotoCorp Limited has initiated the 'Saksham Niveshak' campaign to help shareholders claim unpaid dividends from April 1 to July 9, 2026. Investors must update KYC details and submit forms to KFin Technologies Limited to receive electronic payments. Unclaimed dividends are transferred to the IEPF after seven years, along with associated shares and future benefits.
*this image is generated using AI for illustrative purposes only.
Hero MotoCorp has launched the Second 100 Days' Campaign, “Saksham Niveshak”, targeting shareholders whose dividends have remained unpaid or unclaimed. This initiative follows directives from the Investor Education and Protection Fund Authority (IEPFA) and aims to facilitate the recovery of funds before they are transferred to the IEPF. The campaign period runs from April 1, 2026, to July 9, 2026.
The company has notified affected shareholders that dividends issued in their favor have not been encashed. To claim these amounts, shareholders must ensure their details are updated. For shares held in dematerialized form, investors must contact KFin Technologies Limited, the company's Registrar and Share Transfer Agent (RTA), after updating Know Your Client (KYC) details with their Depository Participant.
Shareholders holding physical shares must submit specific documents to update KYC and nomination details. The required forms include ISR-1, ISR-2, SH-13, or ISR-3, depending on the necessary updates. These documents can be sent as self-attested hard copies to the RTA's office in Hyderabad or submitted via email from the registered email ID using e-signature.
| Document/details to be submitted | Mode of sending document/details |
|---|---|
| Form ISR-1: Filled and signed, with self-attested KYC documents; and Form ISR-2: Filled and signed, with banker's attestation of signature + original cancelled cheque or bank passbook; and Form SH-13: For adding a nominee; or Form ISR-3: If you wish to opt out of nomination. | Physical Copies: KFin Technologies Limited, Unit: Hero MotoCorp Limited, Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Serilingampally, Rangareddy, Telangana, Hyderabad – 500 032. Email: Scanned copies to einward.ris@kfintech.com |
Important Regulatory Updates
The company emphasized that dividend payments are now made exclusively through electronic mode, following amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Payments via cheques or warrants have been discontinued. Shareholders must provide updated bank account details to the RTA to receive payments.
Statutory Timelines and Consequences
Unclaimed dividends and corresponding shares are transferred to the IEPF if they remain unclaimed for seven consecutive years. Once transferred to the IEPF, all future benefits arising from such shares, including bonuses or stock splits, are also transferred to the fund. Shareholders cannot claim these benefits from the company after the transfer. To recover funds from the IEPF, shareholders must file an online application in Form IEPF-5 prescribed by the Ministry of Corporate Affairs.
Historical Stock Returns for Hero Motocorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.85% | +1.35% | +2.29% | -17.30% | +16.42% | +71.18% |
How much total dividend value and how many shareholders does Hero MotoCorp estimate are at risk of having their funds transferred to the IEPF if the Saksham Niveshak campaign fails to achieve sufficient outreach?
Could Hero MotoCorp's shift to exclusive electronic dividend payments disproportionately impact rural or elderly shareholders with limited digital access, and what measures might regulators introduce to address this gap?
If a significant portion of unclaimed dividends are eventually transferred to the IEPF, how might this affect Hero MotoCorp's shareholder base composition and its future investor relations strategy?
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