Pursuant to Regulation 30 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith a copy of the letter sent to the Shareholders ....
MAJESAUT · price
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Majestic Auto Limited has submitted to BSE a copy of a letter sent to shareholders who still hold shares in physical form, as required under SEBI's Listing Obligations and Disclosure Requirements Regulations. The letter reminds such shareholders to update their PAN (linked with Aadhaar), KYC details, bank account information, and nomination with the company's Registrar and Transfer Agent, Alankit Assignments Limited, in line with SEBI's Master Circular dated June 23, 2025. Shareholders with unupdated folios will not be able to lodge grievances or avail services from the RTA, and from April 1, 2024, any payments including dividends will be made only through electronic mode. The company has also urged shareholders to dematerialize their physical shares, noting that SEBI has mandated that physical share transfers will no longer be processed.
This is a routine regulatory compliance communication with no direct impact on the stock price or business. Physical shareholders who fail to update their PAN, KYC and nomination details may face restrictions on grievance redressal and dividend payments, and should consider dematerializing their holdings.