Important Announcement for Physical Shareholders
SEBI vide its circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated November 03, 2021 has introduced common and simplified norms for processing investor’s service request by RTAs and norms for furnishing PAN, KYC details and Nomination. Key highlights of the circular are as under:
All holders of physical securities of the Company are mandatorily required to furnish the following documents / details to the RTA i.e. MUFG Intime India Pvt. Ltd. (Formerly known as Link Intime India Pvt. Ltd.)
- PAN
- Nomination
- Contact Details
- Bank Account details
- Specimen Signature
Investors shall submit Form ISR-1 to MUFG Intime India Pvt. Ltd. (Formerly known as Link Intime India Pvt. Ltd.) for updating PAN and other KYC details.
In case of mismatch in the signature of the holder in the records of Link Intime India Pvt. Ltd., the investor shall furnish original cancelled cheque and banker’s attestation of the signature as per Form ISR-2.
Investors shall continue to use Form SH-13 and SH-14 for declaration of nomination and change in nomination respectively. However, in case investor wants to opt-out of nomination, Form ISR-3 shall be filed.
SEBI, vide its circular dated November 03, 2021 (subsequently amended by circulars dated December 14, 2021, March 16, 2023 and November 17, 2023) mandated that the security holders (holding securities in physical form), whose folio(s) do not have PAN or Choice of Nomination or Contact Details or Mobile Number or Bank Account Details or Specimen Signature updated, shall be eligible for any payment including dividend, interest or redemption in respect of such folios, only through electronic mode with effect from April 01, 2024, upon their furnishing all the aforesaid details in entirety.
As per amended Regulation 40 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the transfer of securities held in physical form shall not be processed unless the same are held in the dematerialized form with a depository. This implies that you will not be able to transfer the shares held in physical form. Please dematerialize your shares at the earliest.