LMW Limited has informed the Exchange about an intimation sent to the shareholders of the Company holding shares in physical mode for updating their KYC details.
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LMW Limited has informed exchanges about a reminder sent to shareholders holding shares in physical mode to update their KYC details as mandated by SEBI. The required KYC details include PAN, contact details, mobile number, bank account details, and specimen signature, with nomination and email being optional. The company has engaged MUFG Intime India Private Limited as its registrar for this process. Per SEBI regulations effective April 1, 2024, shareholders who do not update their KYC will receive dividends only through electronic mode. The company is also encouraging physical shareholders to dematerialize their shares for better market liquidity.
This is a routine regulatory compliance filing with no direct impact on the company's financial performance or stock price. However, shareholders with physical shares must update their KYC to ensure timely receipt of dividends and avoid administrative complications.