ISGEC Heavy Engineering Limited is reminding shareholders who hold shares in physical form to mandatory furnish their PAN, KYC details (including bank account information), and nomination details. This update is required as per SEBI regulations and is essential for processing service requests and ensuring the electronic payment of dividends. Shareholders are urged to submit these details to the company’s Registrar and Transfer Agent, Alankit Assignments Limited, to avoid any disruption in receiving future payments, particularly the dividend for FY 2025-26.
Mandatory Shareholder Updates
ISGEC Heavy Engineering Limited has issued a reminder to its shareholders, particularly those holding shares in physical form, regarding the mandatory furnishing of essential documentation. This directive aligns with the SEBI Master Circular dated June 23, 2025, aimed at simplifying and standardizing service requests for investors.
Required Information for Investors
Shareholders are required to submit the following details to the company’s Registrar and Share Transfer Agent (RTA), Alankit Assignments Limited:
- Permanent Account Number (PAN)
- Updated contact details, including postal address and mobile number
- Bank account details (Bank Name & Branch, Bank Account Number, and IFSC)
- A specimen signature using Form ISR-2
The company emphasizes that the PAN furnished must be linked with Aadhaar; otherwise, it will be considered invalid, impacting the folio status.
Demat Conversion and Nomination Facility
For seamless transactions and greater advantages, shareholders are strongly encouraged to convert their physical shares into dematerialized (demat) form immediately. ISGEC also reminds members about the nomination facility available for shares held. Those who haven’t registered a nomination or wish to update an existing one should submit the relevant forms (SH-13, ISR-3, or SH-14) as applicable. For shares held in demat form, these should be submitted to the Depository Participants, while shares in physical form require submission to the RTA.
Dividend Payment Policy
In compliance with SEBI regulations, the payment of dividend for the Financial Year 2025-26, recommended at Rs. 6/- per equity share, will be made exclusively through electronic mode. This payment is contingent upon shareholders fulfilling the KYC compliance requirements mentioned above. Shareholders are advised to submit the necessary information and documents to the RTA at the earliest to ensure timely receipt of their dividend.
Source: BSE
