Intimation to be sent to Shareholders holding shares in physical form regarding Mandatory Furnishing/Updation of PAN, KYC and Nomination Details.
ORIENTPPR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orient Paper & Industries has informed stock exchanges about a reminder letter being sent to shareholders holding physical shares. The letter requests urgent updation of mandatory KYC details including PAN, complete address, email address, mobile number, demat account details, bank account details, and nomination details. The company's records show the recipient shareholder has not provided any of these details. This compliance is mandated by SEBI circulars dated November 2021 and March 2023, which require physical shareholders to update their records. Failure to comply affects eligibility for receiving dividends and other corporate payments via electronic mode, effective from April 1, 2024. Shareholders are directed to submit documents to the company's RTA, KFin Technologies Limited in Hyderabad.
Physical shareholders who do not update their KYC details will not be eligible to receive dividend payments in physical mode and may face delays in receiving corporate payments. The company is complying with SEBI regulatory requirements by sending these reminders.