Mid India Industries urges physical shareholders to update KYC details
Mid India Industries Ltd is intimating shareholders holding shares in physical mode to update their PAN, choice of nomination, contact details (postal address, mobile number), bank account details, and specimen signature. This is mandated by SEBI Master Circular dated February 06, 2026, and is essential for seamless communication, regulatory compliance, and direct credit of dividends. Folios without these updated details will only be eligible to lodge grievances or avail services after furnishing the required information. Furthermore, any payments, including dividend, interest, or redemption, for such folios will be made electronically only upon compliance with these requirements, effective from April 01, 2024.
Key Highlights
- Company mandates physical shareholders to update PAN, KYC, bank, and nomination details.
- Update is crucial for regulatory compliance and seamless communication.
- Non-compliant folios will be restricted from services and grievance lodging.
- Payments, including dividends, will be electronic only after compliance from April 1, 2024.
- Shareholders must use specific forms (SH-13, SH-14, ISR-1, ISR-2, ISR-3) for updates.
Price Impact
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