
Grindwell Norton Reminds Physical Shareholders to Update KYC, Dematerialize
Grindwell Norton Ltd has issued a reminder letter to shareholders holding shares in physical form, urging them to update their Know Your Customer (KYC) details and dematerialize their shareholding. This action is in compliance with SEBI regulations and circulars, particularly SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2024/81 dated June 10, 2024. Shareholders are required to provide PAN, address, mobile number, bank account details, and specimen signature. Failure to update these details by April 1, 2024, may impact dividend payments, which will only be processed electronically after all details are furnished. The company has provided multiple channels for submission, including in-person verification, hard copy submission, and e-sign options via email or a dedicated website, to facilitate compliance and ensure timely credit of future dividends.
Key Highlights
- Reminder issued to physical shareholders to update KYC and dematerialize shares.
- Compliance with SEBI regulations mandates PAN, address, mobile, and bank details.
- Non-compliance by April 1, 2024, may affect dividend payments.
- Multiple submission methods available for shareholder convenience.
- Dematerialization ensures timely credit of future dividends.
Price Impact
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