Chembond Material Technologies Urges Physical Share Holders to Update Mandatory KYC Details
Chembond Material Technologies Limited, formerly Chembond Chemicals Limited, has issued a reminder to all shareholders holding physical securities regarding the mandatory update of Know Your Customer (KYC) details. The company urges physical security holders to submit required details to ensure continuous access to shareholder services and timely dividend payments.The updated KYC information is vital for shareholders to lodge grievances or avail of services from the company. The required details encompass the Permanent Account Number (PAN), registered address including a PIN code, mobile number, bank account details, and a specimen signature of the security holder.
Shareholders must note the financial implication of incomplete KYC records. The company specified that if details regarding PAN, Contact Details, Mobile Number, Bank Account Details, or Specimen Signature are not updated for physical folios, dividends or interest payments will only be made through electronic modes, effective from April 01, 2024.
Furthermore, if a security holder updates their PAN, Contact Details, Mobile Number, Bank Account Details, and Specimen Signature after April 01, 2024, the dividends or interest declared during the period from April 01, 2024, up to the date of updation will be automatically credited to the account following the said updation.
The company advises physical share holders to submit the necessary KYC forms along with supporting documents at the earliest. Submission options available include In Person Verification (IPV) at the Registrar to an Issue and Share Transfer Agent (RTA), submitting self-attested photocopies in hard copy, or using e-sign services.
For shareholders who have already submitted the documents for KYC update or have dematerialized their physical securities, no further action is required.
CHEMBOND Stock Price Movement
Shares of Chembond Material Technologies Limited today slipped by 1.58% to settle at ₹181.51. The stock traded on a volume of 6,615 shares today.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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