FY 2025-26 final dividend of Rs. 20 per share withheld for some shareholders on KYC gaps
Sharda Motor Industries has written to shareholders whose FY 2025-26 final dividend could not be paid.
By ScoutQuest · · 2 min read
- Dividend per share
- Rs. 20 per equity share (1000% of face value of Rs. 2/- each)
- AGM
- 41st AGM held on Thursday, September 24, 2026
- Record date
- Friday, September 18, 2026
What was approved
At the 41st Annual General Meeting held on Thursday, September 24, 2026, members approved a dividend of Rs. 20 per equity share, which is 1000% of the face value of Rs. 2/- each, for FY 2025-26. Friday, September 18, 2026 was the record date, and the dividend is to be received in electronic mode only.
What the company has now sent out
- A specimen of the communication being sent to those shareholders whose FY 2025-26 dividend has been withheld.
- Two reasons are stated: the folio or demat account is not KYC compliant, or the dividend could not be processed electronically because the bank account details available with the Registrar & Transfer Agent (RTA) or the depositories are incorrect or incomplete.
- The letter is described as a specific intimation that the dividend is being withheld and that KYC details need to be updated.
Why the payment route matters
Under the SEBI Master Circular dated February 6, 2026 (including earlier related circulars) and the SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2025, payment of dividend through any mode other than electronic mode has been discontinued. In simple terms, if the bank account on record cannot receive an electronic credit, the dividend cannot be paid.
Who this concerns
This is a targeted communication to shareholders flagged in the RTA or depository records. Holders whose KYC and bank details are current are not the subject of this letter.
How an affected shareholder can act
- Physical holding: submit duly filled and signed Form ISR-1 and Form ISR-2 along with self-attested supporting documents.
- Demat holding: update KYC details with your Depository Participant.
- Forms can be downloaded from the company's investor forms page and from the RTA's ISR forms page.
- Physical holders may send hard copies to Alankit Assignments Ltd, Alankit Heights, 1E/13, Jhandewalan Extension, New Delhi-110055.
- Once KYC is updated, a request can be submitted to the RTA for the company to release the unpaid dividend through electronic mode.
How to read this
This is an administrative and procedural step covering a subset of shareholders; the declared dividend of Rs. 20 per equity share itself is unchanged. For an affected holder it means the money is held back until KYC and bank details are corrected.
Also from Sharda Motor Industries
Factory license received for new plant at Haridwar
15 Oct 2026
CRISIL assigns ESG score of "Crisil ESG 67" ('Strong' category) to Sharda Motor
1 Oct 2026
More numbers
- Dividend per equity share for FY 2025-26Rs. 20 per equity share
- Face value per equity shareRs. 2/-
- Dividend as percentage of face value1000%
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.