HPL Electric & Power has secured shareholder approval to re-appoint Dr. (Mrs.) Rashmi Vij as an Independent Director for a second term. The resolution was passed through a remote e-voting process, which concluded on July 07, 2026. This decision ensures the continuation of leadership stability within the company's governance structure.

The postal ballot process was managed by KFin Technologies Limited, with DMK Associates serving as the scrutinizer. Voting commenced on June 08, 2026, and was restricted to electronic mode in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant Ministry of Corporate Affairs circulars. A total of 125,647 members were eligible to vote as of the cut-off date of May 29, 2026.

The special resolution received overwhelming support from shareholders. The final count indicated 99.9948% of valid votes were cast in favour of the re-appointment. The scrutiny report confirmed that the votes in favour significantly exceeded the votes against, meeting the requirements for a special resolution under the Companies Act, 2013.

Voting Breakdown

The voting results revealed a clear mandate across different shareholder categories. Promoters and the promoter group cast all their votes in favour, while public institutions and non-institutional shareholders also largely supported the resolution.

The detailed scrutinizer's report has been made available on the company's website and the platform of KFin Technologies Limited. The re-appointment of Dr. (Mrs.) Rashmi Vij, who holds DIN 01103219, is now effective following this shareholder approval.

HPL Electric & Power has issued a formal reminder to shareholders to claim unpaid dividends declared for FY 2018-19. The company has warned that failure to claim these funds by the specified deadline will result in the transfer of both the dividend amount and the corresponding equity shares to the Investor Education and Protection Fund (IEPF). This action is taken in compliance with Section 124 of the Companies Act, 2013 and the IEPF Rules.

The dividend in question was declared on September 26, 2019. According to the company's records, certain shareholders have not yet claimed the dividend warrant issued for this period. Under the regulations, any money transferred to the Unpaid Dividend Account that remains unclaimed for seven years must be transferred to the IEPF. Furthermore, all shares in respect of which the dividend has not been claimed for seven consecutive years are also liable to be transferred to the IEPF Account in the company's name.

Shareholders have been advised to claim their unpaid dividends on or before October 15, 2026. The company has clarified that subsequent corporate benefits accruing on such shareholding will also be credited to the IEPF Authority once the transfer is executed. To prevent this, shareholders must submit a claim application along with requisite documents to KFin Technologies Limited, the Registrar and Share Transfer Agent.

The documentation requirements differ based on the mode of holding shares. Shareholders holding shares in electronic form must provide a self-attested copy of the client master list showing their name, address, demat, and bank account details. Those holding shares in physical form need to submit Investor Service Request Forms ISR-1 and ISR-2, along with Form No. SH-13 and supporting documents, including an original cancelled cheque.

The company noted that outstanding payments will be credited directly to the bank account if the folio is KYC compliant, as per SEBI circulars dated November 3, 2021, and December 14, 2021. If the dividend is not claimed by the deadline, the company will transfer the unclaimed amount for FY 2018-19 and the associated shares to the IEPF without further notice. Shareholders may subsequently reclaim these from the IEPF Authority by filing Form IEPF-5.