Announcement under Regulation 30 of the SEBI (LODR) 2015 read with Master Circular vide circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated 7 May, 2024-Announcement for enclosed Letter ....
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Addi Industries has sent a reminder letter to shareholders who hold shares in physical (paper) form, asking them to update their PAN, KYC details, and nomination with the company's Registrar and Transfer Agent (Beetal Financial and Computer Services). The company noted that without these updates, shareholders will not be able to lodge grievances or use RTA services from January 1, 2024 onwards. The letter also reminds shareholders that dividend payments will only be made through electronic mode from April 1, 2024, per a SEBI circular. This is a routine compliance disclosure under SEBI LODR Regulation 30 and does not involve any change in the company's business or financials.
No direct impact on the stock price or business. Shareholders holding physical shares should update their KYC details to avoid losing access to company services and to ensure they receive future dividend payments electronically.