Paushak Ltd Reminds Shareholders of Escrow Account Share Claim Process
Paushak Ltd has issued a reminder letter to shareholders whose physical shares, following a stock split and bonus issue, were credited to a designated Escrow Demat Account. This action complies with SEBI regulations requiring PAN, KYC, and Nomination details for physical shareholders. The company is urging these shareholders to submit the necessary documentation to the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, to claim their shares and any accrued dividends. The reminder also highlights the regulatory mandate to update KYC details to avoid dividend withholding and ensure electronic credit. The stock split involved sub-division of shares from ₹10 to ₹5 face value, followed by a 3:1 bonus issue.
Key Highlights
- Shareholders with physical shares in escrow must submit KYC and PAN details.
- Failure to update KYC may result in dividend withholding.
- Stock split and bonus issue led to shares being credited to an escrow account.
- Shareholders need to open a demat account if they don't have one.
- Specific forms (ISR-1, ISR-2, SH-13/ISR-3) are required for claiming shares.
Price Impact
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