Navin Fluorine International Limited has informed the Exchange regarding 'Intimation to shareholders holding shares in physical mode for updating valid PAN, KYC and nomination details'.
NAVINFLUOR · price
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Navin Fluorine International has sent a reminder letter to shareholders who still hold shares in physical (paper) form, asking them to update their PAN, KYC, and nomination details with the company's registrar KFin Technologies. This follows SEBI's March 16, 2023 circular, which requires physical security holders to furnish Aadhaar-linked PAN, mobile number, email, bank account details, specimen signature, and nomination details. Per SEBI rules effective April 1, 2024, dividends for non-compliant physical folios will be withheld or paid only electronically. The letter is a routine compliance intimation filed with the exchanges under Regulation 30 of the LODR Regulations and does not involve any business or financial decision by the company.
No direct impact on the stock price or shareholders at large. This is a routine regulatory communication targeting only those few shareholders who still hold paper shares and have not updated their KYC; they risk having their future dividends withheld if they fail to comply.