Nimbus Projects: Physical Shareholders Must Update PAN, KYC, Nomination
Nimbus Projects Ltd has issued an intimation to shareholders holding shares in physical mode, mandating the update of PAN, KYC, and nomination details as per SEBI regulations. Failure to comply by the stipulated timeline will restrict shareholders from lodging grievances or availing services from the Registrar and Share Transfer Agent (RTA), Alankit Assignments Limited, and will result in dividend payments being made only through electronic mode from April 1, 2024. Shareholders are urged to submit updated documents via post or electronically. The company also advises dematerializing physical shares to comply with SEBI's mandate against processing transfers of physical securities unless dematerialized.
Key Highlights
- Physical shareholders must update PAN, KYC, and nomination details.
- Non-compliance restricts RTA services and electronic dividend payments.
- Updated forms (ISR-1, ISR-2, SH-13/ISR-3, SH-14) are required.
- Dematerialization of physical shares is strongly advised.
- SEBI mandates updated details for all physical share transactions.
Price Impact
More from NIMBSPROJ