Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulations 2015, please find enclosed herewith a copy of Reminder Letter which has been sent to the shareholders ....
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Timex Group India has sent a reminder letter to shareholders who still hold their shares in physical (paper) form, asking them to update their PAN, KYC, bank, and nomination details with the company's Registrar & Transfer Agent (Alankit Assignments). This is being done to comply with SEBI's circular dated May 7, 2024, which made it mandatory for all holders of physical shares in listed companies to furnish these details. Shareholders have been requested to either update their details or convert their physical shares into demat (electronic) form at the earliest. The letter also notes that folios with incomplete KYC will not be eligible for dividend payments or grievance redressal until the details are fully updated.
This is a routine regulatory compliance communication and does not directly affect the company's financials or operations. However, shareholders still holding physical shares must act on this to avoid missing out on dividend payments and other shareholder services.