Syncom Formulations (India) Limited has informed the Exchange regarding 'Dispatch of KYC letters to the shareholders requiring copy of Bank Account Details, copy of PAN Card, KYC Details and Nomination as per SEBI Circular.'.
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Syncom Formulations (India) Limited has informed the stock exchanges that its Registrar and Share Transfer Agent (M/s Ankit Consultancy Pvt. Ltd.) is sending KYC letters to shareholders who hold securities in physical form. The letters ask shareholders to furnish their PAN card copy, bank account details, KYC information, specimen signature, contact details, and nomination details as required by SEBI circulars dated November 2021 and the Master Circular of May 7, 2024. Shareholders whose folios lack updated PAN, KYC, and nomination details will not be able to lodge grievances or avail RTA services until they comply. From April 1, 2024, any dividend, interest, or redemption payments for non-compliant folios will be processed only through electronic mode, requiring valid bank account details on record.
This is a routine regulatory compliance filing and has no direct impact on the company's financials or stock price. Shareholders holding shares in physical form should update their KYC and bank details with the RTA to avoid missing out on future dividend or interest payments, which will be made only via electronic transfer for non-compliant folios.