SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, has issued a crucial reminder to holders of physical securities. In compliance with SEBI directives, shareholders must update their PAN, KYC details, and bank account information. Failure to do so by April 1, 2024, will impact dividend payments, making them electronic-only and potentially causing service delays. The company has provided links to updated forms and information on its website and the RTA’s site.
Urgent Action Required for Physical Security Holders
SPR Auto Technologies Limited, previously known as Shriram Pistons & Rings Limited, is reminding all holders of physical securities about the mandatory requirement to update their Know Your Customer (KYC) details, Permanent Account Number (PAN), and bank account information. This directive is in accordance with a master circular issued by SEBI, referencing HO/38/13/(4)2026-MIRSD-POD/I/4298/2026, dated February 6, 2026.
Impact of Non-Updation
Shareholders who do not update their PAN, contact details, mobile number, bank account details, or specimen signature in their physical folios by April 1, 2024, will face significant consequences. Dividend and interest payments for such folios will be disbursed exclusively through electronic mode. Additionally, any service requests or grievance redressals will only be processed after the necessary documentation is furnished.
Furthermore, if a security holder updates these details after April 1, 2024, they will receive dividends/interest for the period from April 1, 2024, only after the updation is completed.
How to Update Your Details
To ensure compliance and uninterrupted service, shareholders are requested to provide the following details:
- KYC Details: Duly filled Form ISR-1, along with self-attested copies of PAN card (including joint holders), bank account details (backed by a bank statement or cancelled cheque), postal address with PIN code (supported by valid address proof), and mobile number/email address.
- Specimen Signature: Duly filled Form ISR-2, signed by the shareholder(s) and attested by a Bank Manager with their official seal and employee code.
- Nomination: Form SH-13 for registering a nominee, or Form ISR-3 for opting out of nomination.
Accessing Forms and Information
The prescribed forms for updating these details are available on the company’s website at https://shrirampistons.com/investor-information/investor-forms/. The RTA’s website, Alankit Assignments Limited, also provides these forms at https://www.alankit.com/. Shareholders can submit hard copies of self-attested documents to Alankit Assignments Limited or SPR Auto Technologies Limited, or opt for electronic submission via email.
SPR Auto Technologies Limited emphasizes that the transfer of securities held in physical form will not be processed unless they are dematerialized. Shareholders are encouraged to dematerialize their shares with a Depository Participant at the earliest.
For any queries, shareholders can contact Mr. Ram Avtar Pandey at Alankit Assignments Ltd. via email at [email protected] or phone at 011-42541234. The company’s compliance officer can be reached at [email protected] or 011-23315941.
Source: BSE
