Orient Electric Limited has informed the Exchange regarding 'Communication sent to shareholders w.r.t. Furnishing of PAN, KYC details andNomination by holders of physical securities'.
ORIENTELEC · price
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Orient Electric has sent letters to shareholders who still hold shares in physical (paper) form, asking them to update their KYC details such as PAN, nomination, contact details, bank account information, and signature. This is being done as required by SEBI circulars from 2021 and 2023. Shareholders who do not update these details will not receive dividends or other payments (they will be withheld), and they will not be able to raise complaints or service requests with the company's registrar (Kfin Technologies). The action is procedural and applies only to physical share certificates, not demat holdings, and follows rules that have been in force since April 1, 2024.
No impact on the stock or business. This is a routine regulatory compliance reminder for a small group of shareholders holding paper shares. Retail investors who already hold shares in demat form need not take any action.