HEG Ltd Urges Physical Shareholders to Update KYC & Dematerialize Shares
HEG Ltd, through its Registrar and Transfer Agent (RTA) MCS Share Transfer Agent Limited, is issuing letters to equity shareholders holding shares in physical form. The communication emphasizes the urgent need for these shareholders to update their Know Your Customer (KYC) details and dematerialize their physical equity shares before the designated Record Date. This action is crucial for the seamless credit of equity shares of HEG Graphite Limited, the resulting company, pursuant to the Composite Scheme of Arrangement. Failure to comply may result in shares being credited to an escrow account, leading to delays in claiming them. Shareholders are advised to open a Demat account, update KYC particulars, and submit necessary documents like PAN, Aadhaar, ISR forms, and a cancelled cheque to their RTA.
Key Highlights
- HEG Ltd is facilitating a demerger of its Graphite Business into HEG Graphite Limited.
- Physical shareholders must update KYC and dematerialize shares before the Record Date.
- Failure to comply may lead to shares being credited to an escrow account.
- Shareholders need to open a Demat account and submit required documentation.
- The process ensures seamless credit of HEG Graphite Limited shares to eligible shareholders.
Price Impact
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