Tata Steel asks physical shareholders to furnish KYC details
Tata Steel has issued an intimation to shareholders holding shares in physical form, requesting them to furnish their Know Your Customer (KYC) details. This action is in compliance with SEBI regulations and circulars mandating the recording of PAN, address, mobile number, bank account details, and specimen signature for physical security holders. Failure to update these details by April 1, 2024, may result in dividends being paid only through electronic mode. Shareholders are urged to submit the required forms, such as ISR-1 and ISR-2, along with supporting documents, through various submission modes including in-person verification, hard copy, or e-sign, to ensure timely credit of future dividends.
Key Highlights
- Tata Steel requests physical shareholders to submit KYC details.
- SEBI mandates PAN, address, mobile, bank, and signature for physical shares.
- Non-compliance by April 1, 2024, may affect dividend payments.
- Shareholders can submit forms via IPV, hard copy, or e-sign.
- KYC update ensures timely dividend credit to bank accounts.
Price Impact
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