Intimation to shareholders holding shares in physical mode for updation of vaild PAN, KYC and Nomination details
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Nimbus Projects Ltd has informed shareholders who still hold shares in physical form that they must update their PAN (linked with Aadhaar), KYC details and nomination with the company's Registrar and Transfer Agent, Alankit Assignments Ltd. The communication follows SEBI circulars from March 2023, May 2024 and June 2024 making such updates mandatory. Shareholders need to submit Form ISR-1 with PAN, bank details, address proof, mobile and email, Form ISR-2 for specimen signature, and Form SH-13 or ISR-3 for nomination. Folios that are not updated will not be able to lodge grievances with the RTA, and any dividend payments will only be made electronically from 1st April 2024. The company has also reminded shareholders that physical shares cannot be transferred unless they are first dematerialized, and pointed to SEBI's Online Dispute Resolution (ODR) portal for any future disputes.
This is a routine regulatory compliance notice and does not affect the company's financials or operations. However, physical shareholders who do not update their KYC details may face delays in receiving dividends, be unable to lodge service requests, and will be unable to transfer their shares until they are dematerialized.