Intimation to Shareholders holding shares in Physical Mode
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HB Portfolio Ltd has informed the stock exchange that it has sent letters to shareholders who still hold shares in physical form, asking them to update their KYC details. Shareholders are required to furnish PAN (linked with Aadhaar), address, email, mobile number, bank account details, specimen signature, and nomination details to the company's Registrar and Transfer Agent, RCMC Share Registry Pvt Ltd. This is a mandatory requirement under SEBI's Master Circular dated May 7, 2024. Shareholders who do not update their KYC will not be able to lodge grievances or avail services from the RTA, and any dividend, interest, or redemption payments will be withheld until KYC is completed. The company has also urged physical shareholders to demat their shares at the earliest.
This is a routine regulatory compliance communication and has no direct impact on stock price or shareholder value. However, shareholders holding HB Portfolio shares in physical form should update their KYC details promptly to avoid disruption in receiving dividend or other payments, and to continue availing RTA services.