APAR Industries has issued a reminder to its shareholders to update their Know Your Customer (KYC) details. This is in compliance with regulatory guidelines. Shareholders are requested to ensure their PAN, address, mobile number, bank account details, and specimen signature are up to date. The update is crucial for seamless dividend payments and to avoid any restrictions. The company emphasizes the importance of complying with these mandatory requirements.
KYC Update Notification
APAR Industries has released a notification reminding shareholders to update their KYC details. This is in accordance with a circular issued on May 7, 2024. The company is urging shareholders to comply with mandatory KYC requirements.
Key Details for Shareholders
Shareholders are requested to update the following information:
- PAN
- Address with PIN code
- Mobile Number
- Bank Account details
- Specimen Signature
While providing an Email ID is optional, it is recommended for availing online services. This applies to all shareholders holding shares.
Impact of Non-Compliance
If PAN or choice of nomination or contact details or mobile number or bank account details or specimen signature are not updated, dividend/interest payments will be made only through electronic mode starting April 1, 2024, upon providing all the required details.
Electronic Payments
If a security holder updates the necessary information after April 1, 2024, all dividends/interest declared during the period from April 1, 2024, will be received automatically after the update.
Dematerialization of Physical Shares
Shareholders holding physical shares are encouraged to dematerialize them, as transfer of shares in physical form has not been permitted since April 1, 2019.
Special Window for Re-lodgement
A special window has been opened for re-lodgement of transfer deeds until January 6, 2026, for deeds lodged prior to April 1, 2019, that were rejected due to deficiencies. Securities re-lodged for transfer during this period will be issued only in demat mode.
IEPF Campaign
APAR Industries has started a 100-day campaign called “Saksham Niveshak” from July 28, 2025, to November 6, 2025, to address unclaimed dividends and KYC-related issues. Shareholders who have not claimed their dividend or updated their KYC may reach out to the Registrar and Share Transfer Agent (RTA).
Source: BSE
