StockWatch
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Pharmaceuticals
Regulatory21 Sept 2026, 05:31 pm

IOL Chemicals reminds physical shareholders to update KYC

AI Summary

IOL Chemicals & Pharmaceuticals Ltd has dispatched reminder letters to shareholders holding shares in physical mode, urging them to update their Know Your Customer (KYC) details. This action is pursuant to SEBI's Master Circulars dated February 6, 2026, and June 10, 2024, which mandate physical security holders to update PAN, contact details, bank account details, and specimen signatures. Failure to update these details will restrict shareholders from lodging grievances, availing service requests, or receiving payments (including dividends) electronically. The company also encourages shareholders to provide nomination details and convert their physical shares into dematerialized form.

Key Highlights

  • Reminder letters sent to physical shareholders for KYC update.
  • SEBI mandates PAN, contact, bank, and signature details.
  • Non-compliance restricts services and electronic payments.
  • Shareholders urged to provide nomination and dematerialize shares.