Nahar Capital and Financial Services Limited has informed the Exchange regarding 'Intimation sent to shareholders holding shares in physical form with respect to mandatory furnishing of PAN, KYC details, etc.''.
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Nahar Capital and Financial Services Limited has dispatched intimation letters to shareholders holding shares in physical form, asking them to update their PAN, bank details, mobile number, email, address, signature, and nomination details. This is being done in compliance with SEBI's Master Circular dated May 7, 2024. The company has shared the prescribed forms (ISR-1, ISR-2, SH-13, SH-14, ISR-3) and directed shareholders to submit them to the RTA, M/s Alankit Assignments Limited. Shareholders who fail to update these details will not be eligible to lodge grievances, avail any service request from the RTA, or receive dividend payments. Dividends will henceforth be processed and paid only in electronic mode. Shareholders have also been urged to dematerialise their physical shares at the earliest, in line with SEBI's January 2022 circular.
This is a routine regulatory compliance communication and not a material corporate event. Physical shareholders risk missing future dividend payments and losing access to shareholder services if they do not update their KYC details; however, there is no direct impact on the stock price or business fundamentals.