
Cummins India: KYC Update for Physical Shareholders
Cummins India Ltd has issued an intimation to shareholders holding shares in physical form regarding the mandatory updation of Know Your Customer (KYC) details. This action is in compliance with SEBI regulations and mandates the submission of PAN, address, mobile number, bank account details, and specimen signature. Failure to update these details by April 1, 2024, will result in dividends being paid only through electronic mode. The company also announced a special window for re-lodging transfer deeds lodged before April 1, 2019, and rejected, valid from February 5, 2026, to February 4, 2027, with securities to be issued in demat mode. Shareholders are encouraged to update their details promptly and consider converting physical shares to demat form.
Key Highlights
- Mandatory KYC update required for physical shareholders.
- Non-compliance by April 1, 2024, affects dividend payments.
- Special window for re-lodging rejected transfer deeds opens Feb 5, 2026.
- Encourages conversion of physical shares to demat form.
- SEBI regulations drive the KYC updation process.
Price Impact
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