HFCL Limited is reminding shareholders holding shares in physical mode about the mandatory requirement to furnish their PAN and KYC details. This is in line with SEBI regulations and master circulars. Failure to provide these details may impact the ability to receive payments like dividends and avail services such as share transfers.
Mandatory Requirement for Physical Shareholders
HFCL Limited has issued a communication to its shareholders who hold shares in physical form, emphasizing the importance of furnishing their Permanent Account Number (PAN) and Know Your Customer (KYC) details. This directive aligns with the requirements stipulated by the Securities and Exchange Board of India (SEBI) through its master circulars, specifically referencing the circular dated February 06, 2026.
Key Details Required
Shareholders holding securities in physical mode are required to update the following essential details:
- PAN
- Contact Details: Postal Address with PIN and Mobile Number
- Bank Account Details: Bank and Branch name, bank account number, and IFS code
- Specimen Signature
Impact of Non-Compliance
The company highlights that security holders whose folio(s) do not have all these details updated will face limitations. They will not be able to lodge grievances or avail service requests, including the issuance of duplicate shares, claims from unclaimed suspense accounts, or the renewal/exchange of securities certificates, unless these details are provided. Furthermore, any payments, such as dividends or interest, will only be processed through electronic mode effective April 01, 2024, upon submission of PAN and KYC details.
It is crucial to note that PAN must be linked with Aadhaar. If this linkage is not completed, the PAN will be considered invalid, and the folio will be treated as if no PAN has been furnished.
Nomination Forms Available
For shareholders wishing to appoint a nominee, Form SH-13 is available on the Registrar and Share Transfer Agent’s (RTA) website. Shareholders who opt out of nomination must furnish Form ISR-3. For cancelling or changing an existing nomination, Form SH-14 should be used. Copies of all these forms can be downloaded from the RTA’s website, mcsregistrars.com, or the company’s website under “Investor Information”.
Submission of Documents
The required documents can be submitted to the RTA, MCS Share Transfer Agent Limited, either in person, through hard copies, or via electronic mode with e-signature at [email protected]. The address for submission is Unit: HFCL Limited, 179-180, 3rd Floor DSIDC Shed, Okhla Industrial Area, Phase – 1, New Delhi-110020.
Dematerialization Advisory
The company also advises members holding shares in physical form to dematerialize their shares through Depository Participants (DPs). This process helps mitigate risks associated with physical certificates and ensures efficient transactions. As per Regulation 40 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, all requests for transfer of securities, including transmission and transposition, will be processed only in dematerialized form.
Source: BSE
