Adf Foods Reminds Physical Shareholders to Update KYC Details
Adf Foods Ltd has dispatched a letter to shareholders holding shares in physical mode, reminding them to update their Know Your Customer (KYC) details. This action is in compliance with SEBI's master circular mandating the collection of PAN, address, mobile number, bank account details, and specimen signature. Shareholders who have not updated these mandatory details will be unable to lodge grievances or avail services from the Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited. Furthermore, dividend payments will only be processed through electronic means starting April 1, 2024, for those who have not updated their information. The company has also encouraged shareholders to dematerialize their physical shares for better market liquidity.
Key Highlights
- Adf Foods urges physical shareholders to update KYC details as per SEBI regulations.
- Mandatory updates include PAN, address, mobile, bank details, and specimen signature.
- Failure to update will restrict access to RTA services and dividend payments.
- Dividend payments will be electronic only from April 1, 2024.
- Shareholders are encouraged to dematerialize physical shares.
Price Impact
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