Intimation to the shareholders holding shares in Physicals mode pusuant to the SEBI Circulars
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Awaiting price reaction for this filing.
Mid India Industries Ltd has informed BSE that it is sending a letter to shareholders who hold shares in physical (paper) form, asking them to update their PAN, nomination details, postal address, mobile number, bank account details, and specimen signature with the company's Registrar and Transfer Agent (Ankit Consultancy Pvt Ltd). This is being done to comply with SEBI circulars and the SEBI Master Circular for RTAs dated May 7, 2024. Shareholders whose folios lack these details will not be able to lodge grievances or receive dividend/interest/redemption payments (which will now be made only electronically) until they comply. The relevant forms (ISR-1, ISR-2, ISR-3, SH-13, SH-14, etc.) are available on the RTA's website and can be submitted in person, by post, or electronically with e-sign.
This is a routine regulatory compliance filing with no direct impact on the stock price. However, shareholders holding physical shares must update their KYC details with the RTA, or they risk losing access to dividend payments, grievance redressal, and other shareholder services.