KEC International: Shareholders Urged to Update KYC for Dividends
KEC International Ltd has issued a communication to shareholders holding shares in physical mode, urging them to furnish KYC and related details to MUFG Intime India Private Limited, the Registrar and Transfer Agent. This is to facilitate the receipt of unclaimed dividends and prevent their transfer to the Investor Education and Protection Fund Authority. The company is complying with SEBI regulations mandating the recording of PAN, address, mobile number, bank details, and specimen signature for physical shareholders. Failure to update these details will result in dividends being paid only through electronic mode after furnishing complete information. Shareholders are also encouraged to convert physical shares to demat form for better market liquidity.
Key Highlights
- Shareholders with physical shares must update KYC details.
- Unclaimed dividends may be transferred to IEPF if details are not updated.
- Mandatory fields include PAN, address, mobile, and specimen signature.
- Shareholders encouraged to convert physical shares to demat form.
- Communication aligns with SEBI's disclosure and investor protection mandates.
Price Impact
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