Apar Industries Reminds Shareholders of KYC Requirements
Apar Industries Ltd has issued a reminder letter to shareholders holding shares in physical mode, urging them to update their PAN, KYC, Bank details, and Nomination details. This is in compliance with SEBI's Master Circular dated June 10, 2024. Failure to update these mandatory details by April 01, 2024, will result in the withholding of dividends and interest payments, which will only be released electronically after compliance. The company also encourages shareholders to dematerialize their physical shares for better liquidity and provides links to relevant forms and information on its website and the RTA's portal. Additionally, shareholders are reminded to link their PAN and Aadhaar as per CBDT guidelines.
Key Highlights
- Shareholders with physical shares must update KYC, PAN, and bank details.
- Non-compliance by April 1, 2024, leads to dividend/interest withholding.
- Dematerialization of shares is encouraged for market liquidity.
- SEBI mandates PAN, address, mobile, bank, signature, and nomination updates.
- Links for KYC forms and PAN-Aadhaar linking are provided.
Price Impact
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