Hindalco Launches '100 Days Campaign - Saksham Niveshak' to Help Shareholders Claim Unpaid Dividends

1 min read     Updated on 05 Nov 2025, 11:31 AM
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Reviewed by
Jubin VergheseScanX News Team
Overview

Hindalco Industries Limited has initiated a '100 Days Campaign - Saksham Niveshak' from July 28 to November 6, 2025, to help shareholders claim unpaid dividends. The campaign aims to create awareness about updating shareholder details and facilitate claiming of unpaid dividends before transfer to IEPF. Shareholders can update information through various methods, including submitting forms for physical shares and updating details with DPs for electronic shares. The company urges shareholders to submit documents by November 6, 2025.

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*this image is generated using AI for illustrative purposes only.

Hindalco Industries Limited , a leading aluminum and copper manufacturing company, has announced the launch of a '100 Days Campaign - Saksham Niveshak' initiative aimed at helping shareholders claim their unpaid or unclaimed dividends. The campaign, which runs from July 28 to November 6, 2025, is in response to a request from the Investor Education and Protection Fund Authority (IEPFA) of the Ministry of Corporate Affairs (MCA).

Key Objectives of the Campaign

The primary goals of this campaign are:

  1. To create awareness among shareholders about updating their details
  2. To facilitate the claiming of unpaid or unclaimed dividends before they are transferred to the Investor Education and Protection Fund (IEPF)

Benefits for Shareholders

Participating in this campaign offers several advantages to Hindalco's shareholders:

  • Opportunity to update crucial information such as PAN, nomination details, contact information, bank account details, and specimen signatures
  • Ensuring timely receipt of future dividend payments through electronic mode
  • Preventing the transfer of unclaimed dividends to the IEPF

How Shareholders Can Participate

Hindalco has outlined specific steps for shareholders to update their information and claim unpaid dividends:

For Physical Shareholders

  • Submit Form ISR-1 with self-attested KYC documents
  • Provide Form ISR-2 with banker's attestation of signature and original cancelled cheque or self-attested bank statement
  • Submit Form SH-13 for adding a nominee or Form ISR-3 to opt out of nomination

For Electronic Shareholders

  • Update details with respective Depository Participants (DPs)

Submission Methods

Shareholders can submit their documents through various channels:

  • By post to MUFG Intime India Private Limited, the company's Registrar & Transfer Agent
  • Via email from registered email IDs with digitally signed documents
  • Online through MUFG's portal

Deadline and Support

Hindalco urges shareholders to submit their documents by November 6, 2025. For any assistance regarding the campaign, shareholders can reach out to the company at hilinvestors@adityabirla.com .

This proactive approach by Hindalco not only complies with regulatory requirements but also demonstrates the company's commitment to shareholder welfare. By facilitating the claiming of unpaid dividends, Hindalco is ensuring that shareholders receive their rightful returns and strengthening the trust between the company and its investors.

Historical Stock Returns for Hindalco Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-1.86%-2.07%+7.04%+31.26%+23.30%+371.05%
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Novelis Expands Alabama Plant and Plans Oswego Mill Restart Amid Q2 FY26 Performance

2 min read     Updated on 04 Nov 2025, 08:58 PM
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Reviewed by
Radhika SahaniScanX News Team
Overview

Novelis Inc., a subsidiary of Hindalco Industries Limited, reported mixed financial results for Q2 FY26. Net income increased by 27% to $163 million, while Adjusted EBITDA decreased by 9% to $422 million. The company is investing in a greenfield plant in Alabama and plans to restart its Oswego mill by December 2025 following a fire incident. Novelis is implementing cost-reduction initiatives, targeting over $125 million in run-rate savings by the end of FY26. Despite challenges, the company remains optimistic about market fundamentals, particularly in beverage packaging.

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*this image is generated using AI for illustrative purposes only.

Hindalco Industries Limited , the parent company of Novelis Inc., is making significant strides in its expansion and recovery efforts while navigating a challenging economic landscape, as revealed in Novelis' Q2 FY26 financial results.

Expansion and Recovery Initiatives

Novelis is heavily investing in its greenfield plant in Bay Minette, Alabama, to expand rolling and recycling capacity. The company expects to begin commissioning its cold mill in Q4 FY26, with full project commissioning slated for the second half of CY 2026. This expansion is part of Novelis' strategy to meet growing demand and strengthen its market position.

In a significant development, Novelis is targeting the restart of its Oswego mill by December 2025, following a fire incident on September 16, 2025. The company is working diligently to minimize customer disruption and estimates a negative free cash flow impact of approximately $550-650 million for FY2026, including an Adjusted EBITDA impact of about $100-150 million.

Financial Performance

For Q2 FY26, Novelis reported:

Metric Q2 FY26 YoY Change
Net Income $163.00 million +27%
Adjusted EBITDA $422.00 million -9%
Net Sales $4.70 billion +10%
Adjusted EBITDA per tonne $448.00 -8%

The company's performance was impacted by a net negative tariff effect and higher aluminum scrap prices, partially offset by higher product pricing and cost efficiency actions.

Strategic Focus

Novelis is implementing structural cost-reduction initiatives, aiming to achieve over $125 million in run-rate savings by the end of FY26. The company continues to target over $300 million in total savings by the end of FY28 through efficiency activities.

Steve Fisher, President and CEO of Novelis Inc., stated, "Demand for infinitely recyclable, lightweight aluminum continues to grow as a fundamental material in modern transportation, building and construction, packaging, and other end markets around the world."

Market Outlook

Despite challenges, Novelis remains optimistic about market fundamentals, particularly in the beverage packaging sector. The company is advancing investments to drive value, achieve sustainability goals, and capture growing demand for sustainable aluminum FRP (Flat Rolled Products).

As Novelis continues to navigate global economic uncertainties, its focus on expansion, cost efficiency, and strategic investments positions the company to capitalize on long-term growth opportunities in the aluminum industry.

About Hindalco Industries Limited

Hindalco Industries Limited, the parent company of Novelis Inc., is a global leader in aluminum and copper manufacturing. As a flagship company of the Aditya Birla Group, Hindalco continues to drive innovation and sustainability in the metals sector.

Historical Stock Returns for Hindalco Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-1.86%-2.07%+7.04%+31.26%+23.30%+371.05%
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