Pasupati Spinning and Weaving Mills Ltd has issued a reminder to its shareholders holding physical shares to furnish their Permanent Account Number (PAN), Know Your Customer (KYC) details, and Nomination information. This is a compliance measure in line with SEBI regulations, ensuring all necessary documentation is updated for smoother transactions and payments, including dividends. The company has also made this intimation available on its website.
Important Shareholder Notice Issued
Pasupati Spinning and Weaving Mills Ltd has formally communicated a reminder to its shareholders who hold shares in physical form. The core of this communication is the necessity for these shareholders to provide essential documentation, including their PAN, updated KYC details, and information regarding their Nomination. This initiative is designed to ensure that the company’s records are complete and compliant with current regulatory requirements.
Compliance and Operational Streamlining
This reminder is a direct consequence of the directives from the Securities and Exchange Board of India (SEBI) aimed at enhancing investor protection and streamlining corporate processes. Shareholders holding shares in physical mode are specifically urged to update their PAN, KYC, Bank Account details, and Specimen Signature. This update is crucial for ensuring eligibility for any payments, such as dividends or interest, which will be processed exclusively through electronic modes effective from April 1, 2024.
Information Accessibility
For the convenience of its shareholders, Pasupati Spinning and Weaving Mills Ltd has also ensured that this intimation is readily accessible on the company’s official website, www.pasupatitextiles.com. This move aims to facilitate easy access to critical information and encourage prompt action from all concerned shareholders. The company’s 46th Annual General Meeting (AGM) notice also contained similar reminders for updating details.
Source: BSE
