Hero MotoCorp Urges Physical Shareholders to Update KYC and PAN Details
Hero MotoCorp Limited has requested shareholders who hold physical share certificates to furnish required documents including Permanent Account Number (PAN), Know Your Client (KYC) details, bank account information, and specimen signature. This request is part of the company's efforts to ensure accurate record keeping across all security holders.The corporation has repeatedly communicated the necessity of updating these records. Shareholders who fail to submit the necessary documentation are reminded that they will be unable to lodge grievances or avail service requests from the Registrar & Share Transfer Agent (RTA) until PAN, KYC, and Nomination details are furnished. Furthermore, payments such as dividends, interest, or redemption payments for folios lacking this essential information can only be processed through electronic means as of April 1, 2024.
To facilitate these updates, Hero MotoCorp has provided a detailed list of required particulars, which include PAN, address details (with PIN Code), email address, mobile number, Demat account details, bank account details, and signature specimen. Shareholders are directed to submit the completed forms and related proofs to KFin Technologies Limited, the RTA for Hero MotoCorp Limited.
Key requirements and associated forms provided by the company include:
| Particulars | Required Form No. |
|---|---|
| Email address | ISR-1 |
| Signature specimen | ISR-2 |
| Nomination details (optional) | SH-13 |
| Declaration to opt out nomination | ISR-3 |
| Cancellation or Variation of Nomination | SH-14 |
The company also strongly encouraged shareholders to dematerialize their physical shares through their Depository Participant (DP). This process is intended to eliminate risks associated with holding physical documents, such as loss, theft, or mutilation. Benefits listed for holding shares in Demat form include immediate and fast transfer of securities, elimination of risk, faster settlement of corporate benefits like dividends and bonuses, better liquidity, and convenient transmission formalities in case of a shareholder's death.
In addition to the KYC updation drive, shareholders are encouraged to participate in the Second 100 Days' Campaign, 'Saksham Niveshak,' running from April 1, 2026, to July 9, 2026. This initiative focuses on shareholders holding unclaimed dividends and emphasizes the importance of completing KYC updation to facilitate claims.
The full process for dematerialization was outlined by the company as a nine-step procedure, requiring shareholders to open a Demat Account, surrender certificates to their DP with the 'SURRENDERED FOR DEMATERIALIZATION' marking, and complete the necessary documentation steps until the RTA confirms the completion of the dematerialization.
HEROMOTOCO Stock Price Movement
Hero MotoCorp Limited shares edged higher on Thursday, settling at ₹4908.7 after gaining 0.23%, or ₹11.50 per share. The equity saw a total traded volume of 1.28 million during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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