Intimation to the shareholders holding shares in physical mode for updating their KYC details
SALONA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Salona Cotspin Limited has issued a notice to shareholders holding shares in physical mode, requiring them to update their KYC details as mandated by SEBI. The mandatory details include PAN, contact details, mobile number, bank account details, and specimen signature. Email and nomination details are optional but encouraged. From April 1, 2024, dividends will only be paid electronically for physical folios with incomplete KYC. The company is working with registrar MUFG Intime India Private Limited for this updation. Shareholders are also encouraged to convert their physical shares to demat form for better market liquidity.
This is a routine regulatory compliance filing with no direct impact on the company's financials or operations. Physical shareholders must update KYC to receive dividends electronically; otherwise, there is no material effect on stock price.