Arvind Fashions Urges Shareholders to Update KYC Details for Physical Holdings
Arvind Fashions Limited has issued a critical reminder to shareholders who hold their company shares in physical form, urging them to update necessary Know Your Customer (KYC) details immediately. The company emphasized that these updates are essential to ensure the timely credit of dividends and interest related to their securities.The notice addressed all holders of physical security shares, stipulating the need to register personal information such as PAN, address with PIN code, mobile number, bank account details, and a specimen signature.
A key mandate issued by the company concerns payment modalities. The organization stated that in cases where the KYC details are not updated for physical folios, dividend or interest will be paid only through electronic mode, effective from April 1, 2024, upon furnishing all required documents completely.
Shareholders who complete the updates—including PAN, contact details (such as mobile number), bank account details, and specimen signature—after April 1, 2024, are guaranteed to receive all dividends or interest declared during that period, ranging from April 1, 2024, until the date of the update.
The company strongly advised shareholders to comply with these requirements promptly to ensure the proper credit of dividend amounts. Furthermore, Arvind Fashions urged physical share holders to convert their shares into demat form at the earliest possible time.
ARVINDFASN Stock Price Movement
Today, shares of Arvind Fashions Limited shed 1.30%, closing the session at ₹471.10. The equity saw a trading volume of 117,793 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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