Available Finance Dispatches KYC Letters to Shareholders
Available Finance Ltd, through its Registrar & Share Transfer Agent M/s Ankit Consultancy Pvt. Ltd., is dispatching letters to shareholders holding physical securities. These letters mandate the furnishing of bank account details, PAN, KYC details, contact information (postal address with PIN and mobile number), and nomination details. This initiative is in compliance with SEBI Circular No. SEBI/HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 6, 2026. Shareholders whose folios lack these updated details will face restrictions, including ineligibility to lodge grievances or avail service requests from the RTA, and will only receive payments (like dividends, interest, or redemption) electronically after complying with the requirements, effective April 1, 2024.
Key Highlights
- Company dispatches letters for mandatory KYC updates to physical shareholders.
- Shareholders must provide PAN, bank details, contact info, and nomination.
- Non-compliant folios will be restricted from services and electronic payments.
- Action is mandated by SEBI Circular dated February 6, 2026.
- Compliance is crucial for receiving future electronic payments and services.
Price Impact
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