Arvind Fashions Limited has informed the Exchange regarding 'Communication to the Shareholders holding shares in physical mode to update their KYC details'.
ARVINDFASN · price
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Arvind Fashions Limited has informed the stock exchanges that it is sending a communication to shareholders who hold shares in physical form, urging them to update their KYC details. The action is in line with SEBI's Master Circular dated 7th May 2024 and a follow-up circular dated 10th June 2024. Shareholders need to update their PAN, nomination choice, contact details, mobile number, bank account details, and specimen signature by submitting the prescribed forms (ISR-1, ISR-2, ISR-3, SH-13, SH-14) to the company's registrar MUFG Intime India. If KYC is not updated, the company has warned that dividends payable to such shareholders may be withheld. The communication also advises physical shareholders to convert their holdings into demat form at the earliest, as physical shares may become difficult to trade otherwise.
This is a routine regulatory compliance communication and is unlikely to have any material impact on the stock price or business operations. Shareholders holding Arvind Fashions shares in physical form should update their KYC promptly to avoid having future dividend payments withheld.