With reference to the SEBI Circular dated May 7, 2024 and June 10, 2024, attached is the specimen of the letter sent to those security holders holding securities in physical form, who are yet to furnish their Permanent Account Number, Know Your Client details and Choice of Nomination.
HEROMOTOCO · price
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Hero MotoCorp has submitted to the stock exchanges a specimen copy of the letter it is sending to shareholders who still hold shares in physical form and have not yet submitted their PAN, KYC details (address, email, mobile, bank details, signature) and nomination choice. The letter follows SEBI circulars dated May 7, 2024 and June 10, 2024, which require physical holders of listed company securities to update these details with the company's Registrar and Transfer Agent, KFin Technologies. Shareholders are also being urged to dematerialise their physical shares. The communication is computer-generated and reminds recipients that if they have already submitted KYC documents, they can ignore the letter.
This is a routine regulatory compliance disclosure and does not have any direct impact on the company's financials, operations, or stock price. It mainly serves as a heads-up that physical shareholders of Hero MotoCorp may receive such letters and need to update their KYC or convert to demat to avoid service restrictions.