PDS Limited has informed the Exchange regarding 'Intimation -Physical Securities Holders- KYC Update.'.
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Awaiting price reaction for this filing.
PDS Limited has dispatched a reminder to shareholders who hold shares in physical form, asking them to update their KYC details with the Registrar and Transfer Agent, MUFG Intime India Private Limited. The required details include PAN, address with PIN code, mobile number, bank account details, specimen signature, and email ID, with nomination being optional. This is being done in compliance with SEBI circulars dated May 7, 2024 and June 10, 2024, which mandate physical security holders to keep their records updated. Shareholders who do not update these details will receive dividends only through electronic mode for transactions from April 1, 2024 onwards. Shareholders can submit the required Forms ISR-1, ISR-2, and SH-13 through in-person verification, hard copy, or e-sign mode.
This is a routine regulatory compliance filing with no direct impact on the stock price. However, physical shareholders who fail to update their KYC may face delays or restrictions in receiving dividend payments, effectively nudging them to either update details or dematerialize their holdings.