KEC International is reminding shareholders holding shares in physical form to update their KYC (Know Your Customer) details. This is in accordance with recent circulars regarding mandatory updates to PAN, address, mobile number, bank account details, and specimen signature. Shareholders are requested to provide these details to MUFG Intime India Private Limited to ensure uninterrupted dividend payments and continued access to company communications.
KYC Details Update for Physical Shareholders
KEC International urges shareholders holding shares in physical form to update their Know Your Customer (KYC) details. This request aligns with the directives emphasizing the importance of accurate and up-to-date shareholder information.
Mandatory Information
Shareholders must furnish the following information:
- PAN (Permanent Account Number)
- Address with PIN code
- Mobile Number
- Bank Account Details
- Specimen Signature
While registration of Email ID and choice of Nomination is optional, security holders are encouraged to register their email addresses and nomination details to avail online services.
Impact of Non-Compliance
Failure to update PAN, contact details (address with PIN and mobile number), bank account details, or specimen signature may result in dividend payments being made exclusively through electronic mode upon submission of all required information.
Timeline and Process
If a security holder updates their PAN, contact details including mobile number, bank account details and specimen signature after April 1, 2024, they will receive all dividends/interest declared during the period from April 1, 2024 until the date of updation, after the updation process.
Shareholders can download the necessary forms (ISR-1, ISR-2, ISR-3, SH-13, SH-14) from the registrar’s website.
Submission Methods
Shareholders can submit the required documents through one of the following methods:
- In-Person Verification (IPV): Present original documents to the authorized person of the RTA for verification (MUFG Intime).
- Post/Courier: Send self-attested copies of documents to the RTA address.
- Electronic Mode: Submit documents electronically through registered email or the RTA’s service portal, ensuring the documents are e-signed.
Shareholders holding shares in physical form are strongly encouraged to convert their holdings to demat form for enhanced market liquidity.
Source: BSE