Hindustan Petroleum Corporation Limited has set a deadline of September 11, 2026, for shareholders to claim unclaimed dividends pertaining to FY 2018-19 (Final) to avoid the transfer of shares to the Investor Education and Protection Fund (IEPF) Authority. The company stated that dividends which have remained unclaimed for seven consecutive years, from FY 2018-19 (Final) to FY 2025-26 (Interim), are liable to be transferred to the IEPF Authority under the Companies Act, 2013. If the claims are not made by the stipulated date, the shares associated with the unclaimed dividends will be transferred to the authority along with the dividend amounts.

The company has uploaded the details of all unclaimed dividends, including those for FY 2018-19 (Final), on its website. Shareholders have been advised to verify their folios and claim any pending amounts immediately. Additionally, the company requested shareholders to claim unclaimed dividends for other financial years as well. To process these claims, shareholders must ensure their KYC details, including email, address, PAN, mobile number, and bank details, are updated with their respective Depository Participants for Demat shares or the Registrar and Transfer Agents (RTA) for physical shares.

Transfer Process and Consequences

If no claim or application is received by the company or its RTA by September 11, 2026, the company will transfer the underlying shares to the IEPF Authority. The process varies based on the mode of holding:

The company cautioned that once the shares are transferred, all future benefits, including dividends, will also be credited to the IEPF Authority. However, shareholders may reclaim these shares and benefits by following the procedure prescribed under the IEPF rules.

Contact Information

Shareholders must submit their claims to the company's RTA, M/s. MUFG Intime India Pvt. Ltd., located at C-101, 247 Park, L.B.S Marg, Vikhroli (W), Mumbai - 400083. Queries can be directed via email to investor.helpdesk@in.mpms.mufg.com or by calling +91 8108116767. The public notice was issued by Rakesh Kumar Singh, Company Secretary, on June 19, 2026.

Hindustan Petroleum Corporation Limited has recommended a final dividend of ₹19.25 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. The record date to determine eligibility for this payout is August 14, 2026. The company has detailed the tax deduction at source (TDS) rates applicable to this dividend, which vary based on the residential status of the shareholder and the validity of their Permanent Account Number (PAN).

The Board of Directors approved the recommendation during its meeting on May 13, 2026. Tax will be deducted in accordance with the Income Tax Act, 2025, as amended by the Finance Act, 2026. Shareholders must ensure their KYC details are updated, as SEBI mandates that corporate benefits be paid only via electronic mode to members with compliant records.

For resident shareholders, a TDS rate of 10% applies if a valid PAN is updated in the company's records. This rate rises to 20% if the PAN is invalid, not updated, or not linked with Aadhaar as required under Section 262 of the Income Tax Act. Resident individual shareholders are exempt from TDS if their aggregate dividend income during FY 2026-27 does not exceed ₹10,000. If the dividend exceeds this threshold, tax will not be deducted provided the shareholder submits Form 121 - Annexure 1 and meets the eligibility conditions.

Non-resident shareholders are subject to TDS at 20%, plus applicable surcharge and cess, under Section 393(2) of the Income Tax Act, unless specific exemptions apply. The company cautioned that shareholders holding shares under multiple accounts with different statuses but a single PAN may be subject to the higher tax rate applicable to any of those statuses on their entire holding.

To avail exemptions or concessions, shareholders must upload necessary documents via the weblink www.hpcldiv2026.com or submit them to taxforms@hpcldiv2026.com on or before July 31, 2026. The company clarified that if tax is deducted at a higher rate due to missing details, shareholders can claim a refund while filing their income tax returns.

Tax Deduction Rates for Dividend