Hindustan Petroleum Corporation Limited (HPCL) has issued a KYC (Know Your Customer) intimation for its physical shareholders for the Financial Year 2026-2027. This is in compliance with SEBI guidelines, mandating updated KYC details for PAN, address, mobile number, and bank accounts. The company has also provided information regarding the credit of bonus shares allotted in June 2024, which are held in an Escrow Demat Account, and requires specific forms for release.
HPCL’s KYC Mandate for Physical Shareholders
Hindustan Petroleum Corporation Limited (HPCL) has announced a crucial update regarding Know Your Customer (KYC) requirements for its physical shareholders for the Financial Year 2026-2027. This initiative is in strict adherence to the Master Circular issued by the Securities and Exchange Board of India (SEBI) on February 06, 2026. The company aims to ensure all shareholder records are up-to-date, aligning with regulatory mandates.
Key Information Required for KYC Updation
As per SEBI’s directives, shareholders are required to update their KYC details, which include but are not limited to:
- Permanent Account Number (PAN)
- Registered Address
- Mobile Number
- Nominee Details
- Email ID
- Bank Account Details (including Bank Name, Account Number, and IFSC Code)
HPCL emphasizes that dividend payments will exclusively be processed through electronic modes effective from April 01, 2024. Therefore, updating bank account details is critical for uninterrupted dividend receipts.
Bonus Shares Allotment and Release
The communication also addresses the allotment of fully paid-up Bonus Shares by HPCL in the ratio of 1:2, approved by members in June 2024. Due to SEBI’s mandate for the allotment of bonus shares solely in Dematerialised form since May 23, 2023, HPCL has placed these bonus shares in a separate HPCL Escrow Demat Account for shareholders whose Demat account details were not readily available.
Shareholders holding bonus shares in this escrow account are requested to submit Form ISR-4, duly completed and signed, along with a recent Client Master List (CML) verified by their Depository Participant. This is essential to facilitate the credit of these bonus shares to their respective Demat accounts.
Where to Find More Information
HPCL has made the KYC Intimation available on its official website at www.hindustanpetroleum.com. Further details, including the contact information for the company’s Registrar and Share Transfer Agent, M/s. MUFG Intime India Private Limited, are provided. Shareholders can reach out via email at [email protected] or call +91 8108116767 for any queries or assistance.
Source: BSE
