Arvind SmartSpaces Limited has informed the Exchange regarding 'Communication to the Shareholders holding shares in physical mode for updating their KYC details.'.
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Arvind SmartSpaces has informed stock exchanges that it is sending a communication to shareholders who hold shares in physical form, asking them to update their KYC details. As per SEBI rules effective from 1st April 2024, physical shareholders must update details like PAN, nomination, contact information, mobile number, bank account details, and specimen signature. Shareholders need to submit Forms ISR-1, ISR-2, ISR-3, SH-13, and SH-14 to the company's registrar MUFG Intime India. If KYC is not updated, any dividend or other payments due to these shareholders will be withheld. The company is also advising shareholders to convert their physical shares into demat form at the earliest, as physical shares cannot be traded in the market otherwise.
This is a routine regulatory compliance communication and does not affect the company's financials or operations. Shareholders holding Arvind SmartSpaces shares in physical form should update their KYC promptly to avoid missing out on dividend payments, and should consider converting their holdings to demat form.