Biocon has issued a reminder to all shareholders holding shares in physical form to update their mandatory KYC information. Ensuring that details such as PAN, contact information, and bank account data are current is essential for shareholders to remain eligible for payments, including dividends and interest. Missing or outdated documentation may result in the withholding of these payouts until the necessary information is successfully registered with the company’s registrar.
Mandatory KYC Requirements
To ensure uninterrupted service and the seamless receipt of corporate benefits, shareholders maintaining their holdings in physical form are required to verify and update their records. Necessary information includes valid Permanent Account Number (PAN), current mobile numbers, email addresses, and active bank account details. Failure to maintain these records may lead to the company withholding dividend payments, interest, or redemption proceeds for the affected folio numbers.
How to Complete the Update
Shareholders can initiate the update process by submitting the following documents to the company’s Registrar and Share Transfer Agent, KFin Technologies Limited:
- Form ISR-1: This form must be completed and submitted along with self-attested supporting documents.
- Form ISR-2: This form requires banker attestation of the shareholder’s signature, accompanied by an original cancelled cheque or a self-attested copy of the bank passbook/statement.
Submission Methods
There are three convenient ways to submit these documents:
- Physical Courier: Send hard copies that are dated and self-attested directly to the KFin Technologies office in Hyderabad.
- Electronic Mode: Send scanned documents via the registered email ID linked to the RTA. Documents must be electronically or digitally signed by the shareholder or the first joint holder.
- Web Portal: Utilize the official KFin Technologies web portal to update records digitally.
Shareholders are encouraged to complete this process at the earliest to ensure compliance and avoid any potential disruption to their financial entitlements.
Source: BSE
