StockWatch
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Hotels & Resorts
Regulatory30 Sept 2026, 06:50 pm

Jindal Hotels Sends Reminder Letters to Physical Security Holders

AI Summary

Jindal Hotels Ltd has informed the stock exchanges about sending reminder letters to physical security holders to update their Know Your Customer (KYC) and nomination details. This action is in compliance with SEBI regulations and directives, specifically Master Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/91 and HO/38/13/(4)2026-MIRSDPOD/I/4298/2026. The company, through its Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited, is requesting shareholders holding shares in physical form to furnish mandatory details like PAN, KYC, and nomination. Failure to update these details by April 1, 2024, may result in the withholding of dividends and interest payments, which will only be released electronically after compliance. The company also reiterated that transfer of shares in physical form is not permitted since April 1, 2019, and encouraged shareholders to dematerialize their physical shares for better market liquidity and to avail online services.

Key Highlights

  • Reminder letters sent to physical security holders for KYC and nomination updates.
  • Non-compliance by April 1, 2024, may lead to dividend/interest withholding.
  • Shareholders urged to dematerialize physical shares for liquidity and online services.
  • Transfer of physical shares prohibited since April 1, 2019.