Tata Consumer Products Limited, through its registrar MUFG Intime India Private Limited, is reminding shareholders holding shares in physical form to update their Know Your Customer (KYC) details. This is mandated by SEBI and is crucial for lodging grievances and availing services, including the timely credit of dividends. Failure to update details like PAN, contact information, and bank accounts by April 1, 2024, may result in dividends being paid only through electronic mode or delays in credit.
Mandatory KYC Update for Physical Shareholders
Tata Consumer Products Limited, in compliance with SEBI regulations, has issued a reminder to shareholders holding shares in physical form regarding the mandatory update of their Know Your Customer (KYC) details. This communication, facilitated by the company’s registrar and share transfer agent, MUFG Intime India Private Limited, emphasizes the importance of providing updated information such as PAN, address, mobile number, and bank account details.
Impact on Dividend Payouts and Services
The circular highlights that shareholders will only be eligible to lodge grievances or avail of services after furnishing the complete KYC documents. Crucially, for those who do not update their PAN, contact details, mobile number, bank account details, or specimen signature by April 1, 2024, any dividends or interest payments will be processed solely through electronic mode. Shareholders are strongly encouraged to submit the necessary KYC Form and Form ISR-1 at the earliest to ensure uninterrupted credit of dividends to their bank accounts.
Submission Methods
Shareholders can submit their updated KYC documents through various modes, including in-person verification at the registrar’s office, by hard copy via self-attested photocopies, or electronically using e-sign. The necessary forms and detailed instructions are available on the registrar’s website, and investors can also refer to the forms attached with this communication for their convenience.
Source: BSE
