Kothari Fermentation and Biochem Ltd. has issued a reminder to its shareholders holding physical securities regarding the mandatory update of Know Your Customer (KYC) details. This action is in compliance with SEBI regulations and is crucial for processing service requests, grievances, and ensuring electronic payments of dividends and interest. Shareholders are urged to submit updated PAN, bank details, and specimen signatures to the registrar, Abhipra Capital Ltd., by April 1, 2024.
Mandatory KYC Update for Physical Shareholders
Kothari Fermentation and Biochem Ltd. has communicated a crucial reminder to shareholders who hold their securities in physical form. This initiative is in line with Securities and Exchange Board of India (SEBI) directives aimed at enhancing investor protection and facilitating smooth transaction processing. The company is emphasizing the necessity of updating essential details to ensure continued service eligibility.
Key Requirements and Deadlines
The update encompasses mandatory submission of PAN details, email addresses, mobile numbers, specimen signatures, and bank account information. This is vital for updating records with the company’s Registrar and Transfer Agent (RTA), Abhipra Capital Limited. Importantly, for folios where KYC details remain incomplete, service requests and grievances may not be processed. Furthermore, from April 1, 2024, all payments such as dividends, interest, or redemption will be processed exclusively through electronic mode only after the requisite KYC details have been furnished.
Required Documentation and Submission
Shareholders are requested to provide the following along with supporting documents to Abhipra Capital Ltd.:
- A self-attested copy of the PAN card and address proof (preferably Aadhaar) as per FORM ISR-1.
- Confirmation of Specimen Signature and Bank details from their Banker, along with a cancelled cheque leaf with the printed name, or a copy of the Bank passbook/statement.
- Duly filled and signed Form No. SH-13 for nomination registration or Form No. ISR-3 for opting out of nomination. Form No. SH-14 is also required for nomination cancellation or changes.
- A valid mobile number and email address as per the enclosed format.
All necessary forms and further information can be accessed on the company’s website.
Dematerialization Urged
Additionally, Kothari Fermentation and Biochem Ltd. strongly advises shareholders to dematerialize their physical shareholdings at the earliest, as the transfer of securities for listed companies will only be processed in dematerialized form.
Source: BSE
