The Indian Hume Pipe Company Limited Receives Rs 417.97 Crore Work Order from Maharashtra Krishna Valley Development Corporation

1 min read     Updated on 25 Apr 2026, 05:57 AM
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The Indian Hume Pipe Company Limited has secured a significant work order valued at Rs 417.97 Crores from the Maharashtra Krishna Valley Development Corporation (MKVDC). The order, awarded under Regulation 30 of SEBI regulations, involves the construction of head works and a closed pipe distribution system for the Ner Direct Gravity main under the Guruvarya late Laxmanraoji Inamdar Lift Irrigation scheme in Satara, Maharashtra. The project is to be executed over a period of 48 months as a domestic percentage rate contract, with the order value excluding GST.

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The Indian Hume Pipe Company Limited has received a Letter of Intent with an order value of Rs 417.97 Crores from the Jihe Kathapur Lift Irrigation Division, Maharashtra Krishna Valley Development Corporation (MKVDC), Satara, Maharashtra. The order was awarded under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the disclosure dated 24 April 2026.

The project scope involves the construction of head works and a closed pipe distribution system of the Ner Direct Gravity main, under the Guruvarya late Laxmanraoji Inamdar Lift Irrigation scheme located in Jihe Kathapur, Satara district, Maharashtra. The contract has been classified as a domestic B1 percentage rate contract and is to be executed within a time period of 48 months.

Sr. No. Particulars Details
a) Name of the entity awarding the order Executive Engineer, Jihe Kathapur Lift Irrigation Division, Maharashtra Krishna Valley Development Corporation (MKVDC), Satara, Maharashtra
b) Significant terms and conditions Construction of Head works and closed pipe distribution System of Ner Direct Gravity main, under Guruvarya late Laxmanraoji Inamdar Lift Irrigation scheme, (Jihe Kathapur), Dist. Satara, Maharashtra
c) Whether order awarded by domestic/international entity Domestic
d) Nature of order B1 (Percentage rate contract)
e) Whether domestic or international Domestic
f) Time period for execution 48 months
g) Broad consideration or size of order Rs.417.97 Crores (excluding GST)
h) Whether promoter/promoter group have any interest No
i) Whether order falls within related party transactions No

The disclosure confirms that neither the promoter, promoter group, nor group companies have any interest in the entity that awarded the order. Additionally, the order does not fall within related party transactions. The company has submitted the requisite details pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CI-R/2023/123 dated July 13, 2023 and SEBI Master Circular No. SEBI/HO/CFD/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The Indian Hume Pipe Company Limited, headquartered at Construction House, 5, Walchand Hirachand Road, Ballard Estate, Mumbai - 400 001, is listed on both BSE Limited (Scrip Code: 504741) and National Stock Exchange of India Ltd. (Symbol: INDIANHUME). The disclosure was digitally signed by Niraj R. Oza, Vice President - Company Secretary & Legal, on 24 April 2026.

Historical Stock Returns for Indian Hume Pipe

1 Day5 Days1 Month6 Months1 Year5 Years
-3.15%-0.63%+5.01%-7.20%-19.73%+91.32%

How will this ₹417.97 crore order impact Indian Hume Pipe's revenue growth and market share in the irrigation infrastructure segment over the next four years?

What additional irrigation projects might emerge from Maharashtra's water infrastructure development plans that could benefit the company?

Will Indian Hume Pipe need to expand its manufacturing capacity or workforce to meet the 48-month execution timeline for this large-scale project?

Indian Hume Pipe Company Issues Notice for Transfer of Unclaimed Dividend Shares to IEPF

2 min read     Updated on 14 Apr 2026, 10:27 AM
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Indian Hume Pipe Company Limited has issued a public notice for mandatory transfer of unclaimed dividend shares to IEPF for financial year 2018-19 onwards. Shareholders have until August 20, 2026, to claim unclaimed dividends by submitting required documents to registrar MUFG Intime India Pvt. Ltd. Shares will be transferred to IEPF by August 31, 2026, in compliance with Companies Act 2013 and IEPF Rules 2016.

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Indian Hume Pipe Company Limited has issued a mandatory notice to shareholders regarding the transfer of unclaimed dividend shares to the Investor Education and Protection Fund (IEPF). The company announced that shares corresponding to unclaimed dividends from financial year 2018-19 onwards will be transferred to IEPF in compliance with regulatory requirements.

Transfer Timeline and Deadlines

The company has established clear deadlines for shareholders to claim their unclaimed dividends and prevent share transfers to IEPF:

Parameter: Details
Claim Deadline: August 20, 2026
Transfer Date: August 31, 2026
Notice Publication: April 14, 2026
Communication to Shareholders: April 11, 2026

Shareholders whose dividends have remained unclaimed for seven consecutive years or more from financial year 2018-19 will have their corresponding shares transferred to IEPF without further notice after the deadline.

Regulatory Compliance and Documentation

The notice was published in compliance with Section 124(6) of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The company published the notice in two newspapers:

  • Business Standard (English)
  • Mumbai Lakshdeep (Marathi)

The company has already sent individual communications to affected shareholders by registered post on April 11, 2026, and published the complete list of concerned shareholders on its website at www.indianhumepipe.com .

Claim Process and Required Documents

Shareholders wishing to claim their unclaimed dividends must submit their applications to the company's Registrar and Share Transfer Agent, MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.). The required documentation includes:

  • Application for claiming unclaimed dividend from financial year 2018-19 to financial year 2024-25
  • Self-attested copy of PAN Card
  • Self-attested copy of Aadhar Card
  • Cancelled cheque
Contact Details: Information
Registrar: MUFG Intime India Pvt. Ltd.
Address: C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083
Phone: 8108116767
Email: mumbai@in.mpms.mufg.com

Share Certificate Process

For shareholders holding shares in physical form, the company will issue new share certificates in lieu of original certificates for conversion to demat form before transfer to IEPF. Upon issuance of new certificates, the original share certificates will be automatically cancelled and become non-negotiable. For shareholders holding shares in demat form, the transfer will be executed through respective depositories via corporate action.

Post-Transfer Claims

Once shares are transferred to IEPF, shareholders can still claim them by filing Form IEPF-5 with the IEPF Authority. The form is available on the IEPF website at http://iepf.gov.in/IEPFA/refund.html . The company clarified that no claims can be made against the company after the transfer, and subsequent dividends on transferred shares will be credited to IEPF.

The notice was signed by Niraj R. Oza, Vice President - Company Secretary & Legal, emphasizing the company's commitment to regulatory compliance while providing shareholders adequate opportunity to claim their rightful dividends before the mandatory transfer.

Historical Stock Returns for Indian Hume Pipe

1 Day5 Days1 Month6 Months1 Year5 Years
-3.15%-0.63%+5.01%-7.20%-19.73%+91.32%

How might this IEPF transfer impact Indian Hume Pipe's shareholder base composition and voting dynamics in future AGMs?

What steps is the company taking to improve dividend claim rates and reduce future IEPF transfers?

Could this significant unclaimed dividend issue signal broader investor engagement challenges in the infrastructure sector?

More News on Indian Hume Pipe

1 Year Returns:-19.73%