Navin Fluorine International has issued a reminder to its shareholders holding shares in physical form to update their PAN, KYC, and nomination details by April 2024. The company emphasised the importance of complying with the SEBI circular dated March 16, 2023, which mandates the furnishing of Aadhar-linked PAN, mobile number, bank account details, specimen signature, and nomination or a declaration to opt out of nomination.
The communication highlights that shareholders who fail to update these details will have their dividends withheld and released only upon the completion of the KYC process. From April 1, 2024, dividends will be paid solely through electronic mode, contingent upon the submission of all required details.
Navin Fluorine has observed that several shareholders have not provided the necessary documents for their holdings under the specified folio number. The company has requested these shareholders to submit the required documents to its Registrar & Transfer Agent, KFin Technologies Limited, immediately upon receiving the communication.
The company has provided a list of documents and forms that need to be submitted, including Form ISR-1 for PAN, Form ISR-2 for signature, and Form SH-13/14 or Form ISR-3 for nomination details. Shareholders can download these forms from the company’s website or KFinTech’s platform.
Navin Fluorine also encourages shareholders to dematerialise their shares with a registered Depository Participant to streamline the process. The company has assured shareholders of assistance and clarifications through KFinTech’s support centre and contact details provided in the communication.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).