SMS Lifesciences India Limited has informed the Exchange about General Updates
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SMS Lifesciences India Limited has sent its 5th reminder (dated July 1, 2025) through its Registrar Aarthi Consultants Pvt Ltd to shareholders who still hold shares in physical form, asking them to update their PAN, KYC details, bank account, contact information, and nomination with the RTA. As per SEBI rules effective April 1, 2024, any dividend, interest, or redemption payment to physical folios without updated KYC will be made only through electronic mode — no physical warrants or demand drafts will be issued. The letter also mentions that the Board has recommended a dividend of Rs. 0.50 per equity share (face value Rs. 10) for FY 2024-25, on which TDS will be deducted as per the Income Tax Act. Shareholders have been urged to dematerialise their shares at the earliest since SEBI now requires securities to be issued in demat form for all service requests like transmission, duplicate certificates, and split/consolidation.
Physical shareholders who fail to update their KYC details will stop receiving dividend payments in physical form and may also face issues with routine share-related services. To continue receiving dividends smoothly, shareholders should complete KYC updation and consider converting their physical shares into demat form.