Info Edge (India) Limited has informed the Exchange regarding 'Disclosure regarding communication to physical shareholders of the Company pursuant to SEBI circular dated November 17, 2023'.
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Info Edge (India) Limited has sent out a communication to shareholders who still hold shares in physical (paper) form, following a SEBI circular issued on November 17, 2023. This circular requires companies to reach out to physical shareholders and inform them about the process of converting their physical share certificates into dematerialized (electronic) form. The company is complying with this regulatory requirement and providing physical shareholders the necessary details and guidance. This is a standard outreach exercise rather than a corporate action, and no changes to shareholding structure or financials are involved.
This is a routine regulatory compliance communication with no material impact on the company's financials or share price. It reflects housekeeping to help remaining physical shareholders move to electronic holdings, which over time supports easier trading and record-keeping.