Tata Power has issued an important notification for shareholders holding securities in physical form. To ensure seamless dividend payments and compliance with current industry standards, investors must update their PAN, contact details, bank account information, and specimen signatures. The company has facilitated multiple submission modes, including In-Person Verification (IPV), hard copy submission, and e-sign, to streamline this mandatory process. Investors are urged to complete these formalities promptly to avoid any interruption in dividend processing.
Mandatory KYC Requirements
To maintain updated records, shareholders holding physical shares are required to provide essential data. This includes a valid PAN (linked with Aadhaar), updated bank account details, a current mobile number, and a specimen signature. Providing an email address and registering a nomination are also highly recommended to ensure secure and timely electronic communication regarding your investments.
Flexible Submission Channels
To assist shareholders, the process has been made accessible through several convenient methods:
- In-Person Verification (IPV): Shareholders may visit the RTA office directly to verify their original documents.
- Physical Submission: Sending self-attested hard copies of all required forms and documents via post.
- Digital e-Sign: Utilizing the e-sign facility to submit scanned documents electronically via the designated email channel or the RTA’s official portal.
Action Required for Dividend Continuity
It is vital to note that electronic payment of dividends is dependent on the completion of this KYC process. If you have already updated your details or have moved your holdings into a dematerialized (demat) account, no further action is required. For those still holding physical shares, submitting the Form ISR-1 along with the necessary supporting documents is essential to ensure that the Issuer Company can credit dividend amounts to your bank account without delay.
Source: BSE
