Please find enclosed herewith the draft letter sent to Shareholders today, i.e. 3rd May, 2025 for your reference and record.
ASHIKA · price
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Ashika Credit Capital Ltd has sent a letter dated 3rd May 2025 to shareholders who hold shares in physical (paper) form, reminding them to update their KYC details with the company. The request covers PAN, nominee details, contact information, mobile number, bank account details, and specimen signature. This follows SEBI circulars from November 2021 and June 2024 that make such updates mandatory. Shareholders have been asked to download the required forms from the company's website or from the Registrar (Maheshwari Datamatics Pvt Ltd) and submit them with self-attested documents. The letter warns that shareholders who do not complete the KYC update will only receive future dividend, interest, or redemption payments through electronic mode once their details are fully furnished. This is a routine regulatory compliance communication and not a new business development.
No direct impact on stock price or shareholder value. Physical shareholders who ignore the request risk delays in receiving dividend or interest payments until they complete the KYC updation. Shareholders holding shares in demat form are unaffected.