Hero MotoCorp Withholds Interim Dividend for Shareholders with Incomplete KYC Details
Hero MotoCorp Limited announced on March 17, 2026, that it has withheld the interim dividend for certain shareholders due to incomplete Know Your Customer (KYC) details. The action follows regulations mandated by the Securities and Exchange Board of India (SEBI) circulars dated November 3, 2021, December 14, 2021, March 16, 2023, November 17, 2023, June 10, 2024, and master circulars dated May 7, 2024, and June 23, 2025.Shareholders are requested to update their KYC details, including PAN, contact information, mobile number, and bank account details, to receive the withheld dividend. Payments will be made through electronic mode only.
The company has also informed shareholders that payments via 'payable-at-par' warrants or cheques have been discontinued, requiring all dividend payments to be remitted electronically. Shareholders with incomplete or missing bank details with their Depository Participant are also affected. They are requested to update their details and notify KFin Technologies Limited, the company's Registrar and Share Transfer Agent.
The following table outlines the details for withheld dividends:
| No. of equity shares held on record date (February 11, 2026) | |
|---|---|
| Dividend per share (INR) | |
| Gross dividend amount (INR) | |
| Tax deducted at source (INR) | |
| Net dividend amount (INR) | |
| Rate at which tax is deducted (%) | |
| Status of Payment | Withheld |
| Reason of withholding | KYC details not updated |
Source:
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