Balrampur Chini Mills Limited informs shareholders about the necessity of updating their KYC details and bank information for dividend payments. In compliance with SEBI guidelines, dividend payments may be withheld for shareholders with incomplete KYC or insufficient bank details. The company urges shareholders to submit the required documents to ensure timely and electronic receipt of their dividends. Update must be completed before April 1, 2024 to avoid payment disruption.
KYC Compliance for Dividend Payments
Balrampur Chini Mills Limited is communicating with shareholders to ensure compliance with KYC (Know Your Customer) requirements and to update bank details for dividend payments. According to the company’s announcement on December 11, 2025, shareholders holding physical securities with incomplete KYC details such as PAN, contact information, or bank details need to update their information.
Impact of Non-Compliance
In line with SEBI’s June 23, 2025 circular, dividend payments may be withheld for shareholders who have not updated their KYC details or have provided insufficient bank information. The company requests shareholders to provide the necessary information to ensure uninterrupted dividend payments.
Updating KYC and Bank Details
Shareholders are advised to update their KYC, bank details, and nomination details with the Registrar and Share Transfer Agent by submitting signed and scanned documents or by reaching out to the Depositories. As mandated by SEBI, dividends against holdings will be withheld until these updates are completed. KYC details must be updated to receive payment through electronic mode by 1st April 2024
Dividend Details
For shareholders with holdings recorded, the dividend per share is Rs. 3.50, resulting in a gross dividend of Rs. 630.00. No tax has been deducted. The payment was scheduled for December 1, 2025 but remains withheld due to incomplete KYC or invalid bank account details.
How to Update
Shareholders holding shares in dematerialized form are requested to update their KYC and bank details through their respective Depository Participants (DP). For physical shares, shareholders should send the details to KFin Technologies Limited or update through their web-portal. Forms are available on the company’s website.
Source: BSE
