Alphageo India Ltd: Physical Shareholders Must Update KYC Details
Alphageo (India) Ltd, through its Registrar and Transfer Agent (RTA) KFin Technologies Limited, has issued a communication to shareholders holding shares in physical form. This is to inform them about the mandatory requirement to furnish PAN, KYC, Bank details, and Nomination details as per SEBI Circulars dated May 7, 2024, and June 10, 2024. Shareholders whose folios are not updated with these details must submit the necessary documents to avoid issues with lodging grievances, receiving services, and processing payments like dividends, which will be made electronically from April 1, 2024. Forms like ISR-1, ISR-2, SH-13, and ISR-3 are available on the RTA's website. The company also reminds shareholders that transfer of physical shares is not permitted since April 1, 2019, and encourages conversion to demat form.
Key Highlights
- Physical shareholders must update PAN, KYC, bank, and nomination details.
- Failure to update may restrict services and payment processing.
- Electronic payments for dividends are mandatory from April 1, 2024.
- Transfer of physical shares prohibited since April 1, 2019.
- Shareholders encouraged to convert physical shares to demat form.
Price Impact
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