Orient Electric Limited has informed the Exchange about Communication letter sent to Physical Shareholders w.r.t furnishing of PAN, KYC details & Nomination.
ORIENTELEC · price
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Orient Electric has sent a letter to shareholders who hold shares in physical form and have not updated their KYC details. As per a SEBI Master Circular, physical shareholders must furnish PAN, KYC, and nomination details to receive any payments, including dividends, in electronic mode from April 1, 2024 onward. The company approved a final dividend of Rs. 0.75 per share (75%) at its 9th AGM on July 25, 2025, but dividends for non-compliant folios are being withheld. A sample folio shows gross dividend of Rs. 112.5, with Rs. 24 in tax deducted and Rs. 88.5 net, which will not be paid until KYC is updated. Shareholders have been asked to submit forms (ISR-1, ISR-2, SH-13) to the company's RTA, KFin Technologies. Additionally, a special window from July 7, 2025 to January 6, 2026 allows re-lodging of physical share transfer requests that were rejected before April 1, 2019.
This is a routine compliance communication and does not directly impact the stock price. Shareholders holding physical shares who fail to update KYC will not receive the Rs. 0.75 final dividend. Retail investors in physical form should update KYC promptly to avoid withholding of future dividends and interest payments.