Reminder Letters Sent to Physical Shareholders for KYC and Nomination Updates
The company's RTA, MUFG Intime India, has dispatched reminder letters to shareholders holding shares in physical form, asking them to update PAN, KYC, bank details, specimen signature and nomination.
- RTA
- MUFG Intime India
- KYC Deadline
- From April 1, 2024, dividends/interest on folios with incomplete KYC are withheld and released only in electronic mode
- Physical Share Conversion
- Transfer of shares in physical form has not been permitted since April 1, 2019
What was shared
The company intimated the exchange that it received confirmation from its Registrar and Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime), that reminder letters have been dispatched to identified shareholders holding securities in physical form.
What shareholders are asked to do
- Provide PAN, address with PIN code, mobile number, bank account details and specimen signature (all mandatory).
- Provide nominee details and email ID (optional, email recommended for online services).
- Forms ISR-1, ISR-2, ISR-3, SH-13 and SH-14 are available on the RTA's website.
Why it matters to holders
- From April 1, 2024, if any KYC detail is missing for a physical folio, dividend or interest is withheld and released only in electronic mode once all details are furnished.
- If details are updated after that date, dividends declared in the interim are credited automatically to the registered bank account.
Dematerialisation
Transfer of shares in physical form has not been permitted since April 1, 2019. Holders are requested to convert physical shares to demat through a SEBI-registered depository participant by submitting share certificates, a demat request form, PAN, address proof, cancelled cheque and other KYC documents.
Takeaway
This is a routine shareholder-servicing and compliance communication. It does not change the company's operations, earnings or capital structure. It is relevant mainly to investors who still hold shares in physical certificate form.
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