Important Information for Security Holders holding shares in physical form

Attention of the holders of securities in Physical Mode is invited to SEBI circular No.
SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated March 16, 2023, SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated November 3, 2021 and SEBI Circular No, SEBI/HO/MIRSD/MIRSD-RTAMB/P/CIR/2021/687 dated December 14, 2021.

SEBI vide these Circulars has mandated the furnishing of PAN, Address with PIN code, Bank Account details, Mobile Number, Email address, Specimen Signature and Nomination (appoint a nominee or opting out of nomination) by holders of physical securities.

Effective January 1, 2022, Service Requests or redressal of grievances can be availed from the RTA only after the required documents as mandated in the above-mentioned circulars are furnished for physical folios by the security holders.

Effective October 1, 2023, the folios shall be Frozen by the Listed Company / Registrar and Share Transfer Agent of the Company (RTA) if any ONE of the documents / details as mentioned in the said circular(s) are NOT available in the respective physical folio.

In case of non-compliance of the above-mentioned requirements, the security holders in the frozen folios shall NOT be eligible:

  1. To lodge any grievance or avail service request from the RTA.
  2. To receive any payment including Interest, dividend or Redemption Amount (which would be only through Electronic Mode by NACH/ NEFT etc).

The RTA / Listed Company shall refer the non-Compliant Frozen folios under the Benami Transactions (Prohibition) Act, 1988 and or Prevention of Money Laundering Act 2002 to the Administering Authority, if they continue to remain frozen as on December 31, 2025.

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