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.

HPL Electric & Power Ltd reported revenue crossed ₹1,800 crore in FY26, with Q4 revenue exceeding ₹500 crore for the first time. The company disclosed these figures in the transcript of its earnings call held on June 17, 2026. EBITDA grew ahead of revenue, gross margins improved, and cash profit expanded, although reported PAT reflected higher depreciation from capacity additions. The consumer and industrial (C&I) segment delivered a strong year, with revenue growing 26% to ₹784 crore, accounting for 43% of total revenue. Wires and cables was a standout performer, growing 50% in FY26 to ₹340 crore.

The smart metering business remains a major growth engine, with metering accounting for over 97% of the order book of over ₹3,200 crore as of May 22, 2026. Management indicated that the company is a preferred vendor for almost every Advanced Metering Infrastructure Service Provider (AMISP). The company also inaugurated a dedicated panel meter and AMI water meter manufacturing facility at Gurugram under its Neeram Pulse brand. For FY27, management expects C&I revenue to cross ₹1,000 crore, driven by channel expansion and new product launches, while capex is expected to be primarily for maintenance.

Management addressed queries regarding the government's smart metering targets, noting that while the deadline has been extended to 2028, demand remains intact with 7 crore meters installed out of an initial sanction of 22 crore. The company is also exploring international markets, including the Middle East, GCC countries, and Africa, focusing on IEC specifications. The transcript was submitted to the National Stock Exchange of India Ltd and BSE Limited on June 23, 2026.