Intimation letters sent to shareholders holding shares in physical mode for updating their details with Company''s Registrar and Share Transfer Agent.
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Swastika Investmart has sent letters to shareholders who still hold shares in physical (paper) form, asking them to update their PAN, KYC details, bank account information, and nomination with the company's Registrar and Share Transfer Agent, Ankit Consultancy Pvt. Ltd. The communication follows SEBI's Master Circular dated May 7, 2024, which makes these updates mandatory for all holders of physical securities in listed companies. Shareholders can submit the required forms (ISR-1, ISR-2, SH-13, SH-14, etc.) either in person, by self-attested hard copies, or through electronic mode with e-signature. The relevant forms and SEBI circulars have been made available on the company's and RTA's websites for easy access.
This is a routine regulatory compliance update with no direct impact on the company's financials or stock price. However, shareholders holding physical shares who fail to update their details may be restricted from lodging grievances, availing RTA services, or receiving dividend/interest payments, as such payments will only be made electronically from April 1, 2024 onwards.