Hindustan Unilever to Transfer Unclaimed Shares and Dividends to IEPF

Hindustan Unilever Limited ( (IN:HINDUNILVR) ) has issued an announcement.

Hindustan Unilever Limited has notified equity shareholders that, in compliance with the Companies Act, 2013 and the Investor Education and Protection Fund (IEPF) Rules, it will transfer shares linked to dividends that have remained unpaid or unclaimed for seven consecutive years to the IEPF account. The company has published notices in national and regional newspapers and is directly contacting affected shareholders, urging them to encash past dividends, update required KYC details, and submit necessary forms to avoid transfer of their dividends and shares to the IEPF, after which claims must be made only through the IEPF Authority.

The notice specifically covers shareholders who have not encashed the final dividend for FY 2018-19, the interim dividend for FY 2019-20, and subsequent dividends, and it explains that no claim will lie against the company once the amounts and shares are moved to the IEPF. This move underscores Hindustan Unilever’s adherence to evolving Indian securities and corporate governance regulations, while signaling to investors the operational need to keep records current and proactively monitor and claim dividends to preserve their shareholdings and related entitlements.

More about Hindustan Unilever Limited

Hindustan Unilever Limited is a leading Indian fast-moving consumer goods company, part of the global Unilever group, with a broad portfolio spanning home care, personal care, food, and beverages brands. The company focuses on mass and premium consumer markets across India, distributing its products through extensive urban and rural retail networks.

Average Trading Volume: 104,149

Technical Sentiment Signal: Buy

Current Market Cap: 5252.5B INR

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