Nahar Spinning Mills Limited has informed the Exchange regarding 'Intimation sent to shareholders holding shares in physical form with respect to mandatory furnishing of PAN, KYC and Nomination details'.
NAHARSPING · price
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Nahar Spinning Mills has completed dispatching letters to shareholders who hold shares in physical form, asking them to update their PAN, KYC details (address, mobile number, email, bank details, signature) and nomination details as required by SEBI's master circular dated May 7, 2024. The company has reminded physical shareholders that those who do not furnish these details will not be eligible to lodge grievances, avail service requests from the RTA, or receive dividend payments. All future dividends will be processed in electronic mode only. The company has urged physical shareholders to dematerialise their shares at the earliest and provided links to the relevant SEBI forms (ISR-1, ISR-2, ISR-3, SH-13, SH-14) on its website.
This is a routine regulatory compliance filing and is unlikely to have any material impact on the stock price. However, shareholders who still hold Nahar Spinning Mills shares in physical form should update their KYC and nomination details promptly to avoid missing out on dividend payments and other shareholder services.