Shipping Corporation Of India Limited has informed the Exchange about 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 -Communication made to Physical Shareholders for updating KYC details'
SCI · price
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Shipping Corporation of India (SCI) has sent a reminder letter to shareholders who hold shares in physical form, asking them to update their KYC details with the company's Registrar and Transfer Agent (Alankit Assignments Limited). Shareholders are required to furnish PAN, postal address, mobile number, bank account details, and specimen signature. Without these updates, shareholders will not be able to lodge grievances, avail RTA services, or receive payments such as dividends, which from April 1, 2024 will only be processed electronically. The communication is being sent in line with SEBI circulars mandating annual reminders to physical holders with incomplete KYC records. The same communication has also been made available on the company's website. This is a routine regulatory compliance filing with no material business or financial impact.
No impact on the stock price or business. Shareholders holding SCI shares in physical form should update their KYC details promptly to continue receiving dividends and other shareholder services without disruption.