Grasim Industries announced that dividend payments for the financial year 2024-25 will be withheld for shareholders who have not complied with KYC (Know Your Customer) requirements. This decision aligns with SEBI regulations, which mandate updated KYC details for shareholders holding physical shares. Shareholders are urged to update their information to ensure timely dividend disbursement.
Dividend Payment Update
Grasim Industries has announced that dividend payments for the financial year 2024-25 will be withheld from shareholders who have not updated their Know Your Customer (KYC) details. This measure is in accordance with guidelines aimed at ensuring regulatory compliance and protecting shareholder interests.
KYC Compliance Requirement
The decision to withhold dividend payments affects shareholders holding shares in physical form who have not provided or updated their KYC information as mandated. This includes essential details such as PAN, contact information (address and mobile number), bank account details, updated signatures, and nomination preferences.
Action Required by Shareholders
Shareholders impacted by this announcement are strongly encouraged to update their KYC details immediately. To facilitate this, Grasim Industries has provided specific forms (Form ISR-1, Form ISR-2, and Form ISR-3/SH-13) which can be downloaded from the company’s website or the Registrar and Transfer Agent (RTA) website. These forms should be completed, signed, and submitted along with the necessary documents to the RTA, KFin Technologies Limited.
Contact Information
For any assistance or clarification regarding the KYC update process, shareholders can reach out to Grasim Industries or KFin Technologies Limited directly. Ensuring KYC compliance will enable the release of the withheld dividend payment for FY 2024-25.
Source: BSE