
Apcotex Industries Reminds Physical Shareholders to Update KYC
Apcotex Industries 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 update of PAN, contact details, bank account information, and specimen signatures. Shareholders are informed that failure to update these details will restrict their ability to lodge grievances or avail service requests from the Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited. Furthermore, dividend payments will only be processed through electronic modes effective April 1, 2024, for those who have not updated their KYC. The company has also encouraged shareholders to dematerialize their physical shares for better market liquidity.
Key Highlights
- Shareholders with physical shares must update KYC details.
- Non-compliance restricts RTA services and dividend processing.
- Dividend payments will be electronic-only from April 1, 2024.
- Shareholders are encouraged to dematerialize physical shares.
Price Impact
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