Piccadily Agro Industries Limited has informed the Exchange about General Updates the letter sent to the shareholders holding shares in physical mode in compliance with the SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024
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Piccadily Agro Industries has written to shareholders who still hold their shares in physical (paper) certificate form, as required under a SEBI Master Circular issued on May 7, 2024. The letter is a regulatory reminder urging these shareholders to convert their physical shares into demat (electronic) form. This is a routine compliance action and does not involve any change in business, financials, or ownership. SEBI has been actively pushing all listed companies to reduce physical shareholding and encourage dematerialization for investor protection.
No material impact on shareholders or stock price. Shareholders holding physical shares should consider converting to demat at the earliest to avoid any inconvenience in trading or transferring their shares.