Intimation to the holders of physical shareholders in term of SEBI circular regarding mandatory furnishings the PAN, KYC details and Nomination
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Medi Caps Limited has sent a letter to shareholders who hold shares in physical form, reminding them to update their PAN, KYC details (postal address, mobile number, email), bank account details, specimen signature, and nomination with the company's Registrar and Transfer Agent (Ankit Consultancy Private Limited). This is being done in compliance with SEBI circulars dated March 16, 2023 and November 17, 2023. Shareholders who do not update these details will not be able to lodge grievances with the RTA or avail of any service requests. From April 1, 2024, any payments such as dividends or interest to such non-compliant folios will be made only through electronic mode. The relevant SEBI forms (ISR-1, ISR-2, ISR-3, SH-13, SH-14, etc.) are available on the RTA's website.
This is a routine regulatory compliance communication and has no direct impact on the company's financials or stock price. However, physical shareholders who fail to update their PAN, KYC and nomination details risk missing out on dividend or interest payments, as such payments will only be processed electronically from April 1, 2024 onwards.