Page 146 - Hitachi IR 2025

BOARD’S REPORT
The issued, subscribed and paid–up equity
share capital of the Company has increased
from 4,23,81,675 equity shares of `2 each to
4,45,72,363 equity shares of `2 each due to the
aforesaid allotment of equity shares during the
financial year.
During the year under review, the Company has
not issued any instruments convertible into equity
shares of the Company or with differential voting
rights nor has granted any sweat equity shares.
6. DIVIDEND & RESERVES:
a) Declaration and payment of dividend:
The Board of Directors at their Meeting
held on May 14, 2025 has recommended
a final dividend of `6/- (Rupees Six only)
per equity share for the financial year ended
March 31, 2025 on 4,45,72,363 equity shares
of `2/- each fully paid.
The dividend recommended is in accordance
with the Company’s Dividend Distribution Policy.
b) Dividend Distribution Policy:
In terms of the provisions of Regulation 43A
of the SEBI Listing Regulations, the Company
has in place a Dividend Distribution Policy,
which contains various parameters, basis
which the Board of Directors may recommend
or declare Dividend. The same is accessible
at the Company’s website at: https://www.
hitachienergy.com/in/en/investor-relations/
corporate-governance#policies.
c) Book Closure:
The Register of Members and Share Transfer
Books of the Company will remain closed
from August 14, 2025 to August 20, 2025
(both days inclusive) to determine the
eligible shareholders to receive the dividend
for the year ended March 31, 2025 and
accordingly, the record date for dividend will be
August 13, 2025.
According to the Finance Act, 2020, dividend
income will be taxable in the hands of the
Members w.e.f. April 01, 2020 and the
Company is required to deduct tax at source
from the dividend paid to the Members
at prescribed rates as per the Income Tax
Act, 1961.
d)  Transfer to Investor Education and Protection
Fund:
As per Section 124 of the Act read with
IEPF Authority (Accounting, Audit, Transfer
144 Hitachi Energy India Limited
and Refund) Rules 2016 (‘the Rules’) all
unpaid or unclaimed dividends are required
to be transferred by the Company to the IEPF
established by the Central Government, after
completion of seven years and the shares in
respect of which dividend has not been paid or
claimed by the members for seven consecutive
years or more shall also be transferred to the
Demat account created by IEPF Authority. In
line with the applicable provisions and after
completion of seven consecutive years, the
Company will transfer the said shares, after
sending an intimation of the proposed transfer
in advance to the concerned Shareholders, as
well as publish a public notice in this regard.
Further, pursuant to the Scheme of
Arrangement [entered into between (i) ABB
India Limited (“INABB”/“Transferor”) and (ii)
Hitachi Energy India Limited (“the Company”)
and their respective Shareholders and
creditors] approved by National Company Law
Tribunal, Bengaluru Bench vide its order dated
November 27, 2019, the Company directly
allotted 1,07,421 Equity Shares to the
Shareholders of ABB India Limited in
accordance with the Share Entitlement Ratio
pertaining to the relevant shares of ABB India
Limited lying with IEPF.
Accordingly, the Dividend declared up to
Financial year 2024-25 pertaining to the
shares remaining with IEPF authorities has also
been transferred to the Investor Education and
Protection Fund account from time to time.
The details of the above are provided on the
website of the Company at: https://www.
hitachienergy.com/in/en/investor-relations/
shareholder-information#iepf.
e) Transfer to Reserves:
For the financial year under review, your
Company has proposed not to transfer any
amount to the General Reserves.
7.  MATERIAL CHANGES AND COMMITMENT
AFFECTING THE FINANCIAL POSITION:
There were no material changes affecting the
financial position of the Company that took place
after the close of the financial year 2024-25 till the
date of this Report.
8.  SUBSIDIARY/ JOINT VENTURE OR ASSOCIATE
COMPANY:
During the financial year under review, the Company
did not have any subsidiary, joint venture or
associate Company.