Apollo Tyres Limited has informed the Exchange regarding copy of reminder letter sent to holders of physical securities for furnishing of KYC details.
APOLLOTYRE · price
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Apollo Tyres has dispatched a reminder letter to shareholders who hold shares in physical (paper) form, urging them to update their KYC details with the company's Registrar & Transfer Agent, K-Fin Technologies Limited. The reminder follows SEBI's Master Circular dated May 7, 2024 and another circular dated June 10, 2024, which make it mandatory for physical security holders to furnish PAN, email, mobile number, signature, and bank account details. Shareholders who do not update these details will not be eligible to lodge grievances or avail any service requests from the RTA, and from April 1, 2024, will only receive dividend, interest, or redemption payments electronically after full KYC submission. The company has also reiterated SEBI's mandate that share transfers will be processed only in dematerialized form, encouraging physical holders to convert their holdings to demat at the earliest.
This is a routine regulatory compliance filing with no material impact on the company's financials or stock price. Shareholders holding Apollo Tyres shares in physical form should update their KYC details promptly to avoid disruption in services and ensure they continue receiving dividend payments.