Regulatory7 Jul 2026, 01:00 pm
Majestic Auto Ltd: Letter to Shareholders on Physical Share Updation
AI Summary
Majestic Auto Ltd has issued a letter to shareholders holding shares in physical mode, in compliance with SEBI regulations. The letter mandates the submission of PAN, KYC, and Bank Account details for updation with the Registrar and Transfer Agent (RTA), Alankit Assignments Limited. Shareholders failing to comply will be restricted from lodging grievances or availing services, and payments like dividends will only be processed electronically from April 1, 2024. The company also strongly advises dematerialization of shares. Shareholders are requested to submit updated details via post or electronic mode.
Key Highlights
- Shareholders with physical shares must update PAN, KYC, and bank details.
- Non-compliance restricts service requests and electronic dividend payments.
- Dematerialization of shares is strongly encouraged.
- SEBI mandates these updates for physical shareholders.
- Forms ISR-1, ISR-2, SH-13/SH-14, and ISR-3 are required.
Price Impact
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