Indiamart Intermesh has issued an appeal to its shareholders to update their email IDs, Permanent Account Number (PAN), and bank details. This move is in compliance with Rule 18(3)(i) of the Companies (Management and Administration) Rules, 2014, and Rule 11 of the Companies (Accounts) Rules, 2014, alongside various circulars and notifications from the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).
The company emphasises the importance of having updated contact information to ensure timely receipt of communications, including the notice for the upcoming 27th Annual General Meeting and the Annual Report for the fiscal year 2025-26, which will be distributed in electronic form.
In addition, Indiamart highlights the necessity for shareholders to register or update their bank account details. This follows an amendment in Regulation 12 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates that dividend payments be processed exclusively through electronic means. Shareholders are advised to update their KYC details with the Depository Participants where their demat accounts are maintained to facilitate seamless credit of dividend amounts.
This initiative underscores Indiamart’s commitment to enhancing shareholder communication and ensuring efficient processing of dividends.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).