PDS Limited has informed the stock exchange regarding the letter to shareholders for KYC update.
PDSL · price
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PDS Limited has informed shareholders holding physical shares about mandatory KYC updates as required by SEBI regulations. Shareholders must submit details including PAN, address, mobile number, bank account details, specimen signature, and optionally email and nomination details to the company's RTA, MUFG Intime India Private Limited. The deadline for compliance was April 1, 2024, after which dividend payments will only be made through electronic mode to those with updated KYC. Shareholders can submit documents via In-Person Verification at RTA office, by post with self-attested copies, or through e-signature. Links to the required forms (ISR-1, ISR-2, SH-13) are available on the company and RTA websites.
No direct impact on stock price expected. This is a routine regulatory compliance measure. Shareholders holding physical shares who do not update KYC will receive dividends only electronically, which could incentivize dematerialization of physical share certificates.