Orient Electric Asks Physical Shareholders to Update KYC Details
Orient Electric Ltd has communicated to shareholders holding shares in physical form, urging them to update their Know Your Customer (KYC) details, including PAN, nomination, and bank account information. This action is in compliance with SEBI's Master Circular dated February 6, 2026. Failure to update these details by April 01, 2024, will result in payments like dividends being withheld and inability to lodge grievances or avail services from the Registrar and Share Transfer Agent (RTA). The company also noted the omission of 'payable-at-par warrants or cheques' for dividend payments, mandating electronic mode only. Shareholders can update details via forms ISR-1, ISR-2, and SH-13, submitted physically or electronically to KFin Technologies Limited.
Key Highlights
- Shareholders with physical shares must update KYC, PAN, and bank details.
- Non-compliance by April 1, 2024, will lead to withheld payments.
- Dividend payments will exclusively be via electronic mode.
- Updated forms and circulars are available on RTA and company websites.
Price Impact
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