Garware Technical Fibres Limited Urges Physical Shareholders to Update KYC Details
Garware Technical Fibres Limited has issued a critical advisory calling upon its shareholders who hold shares in physical mode to complete mandatory Know Your Customer (KYC) updates with the Registrar and Share Transfer Agent (RTA). This move is essential for ensuring smooth corporate action processing and timely dividend payments.Shareholders are strongly urged to comply with the required KYC updation, including PAN details, contact information, mobile number, bank account details, and specimen signature. The necessary forms and resources are available on both the Company’s website and the RTA’s portal.
The advisory highlights that if shareholders fail to update all mandated details pertaining to their physical folios, dividends and interest will be paid exclusively through electronic mode starting from April 01, 2024.
For security holders who complete the KYC updation after April 01, 2024, the company assures that they will receive any dividends or interest declared during that period—from April 01, 2024, up to the date of the successful updation—pertaining to the securities held after the completion of the process.
The following details outline the required mandatory fields for physical folio compliance:
| Security Holder Details | Mandatory Requirements | Status Note |
|---|---|---|
| PAN | Mandatory (A) | Required for processing |
| Specimen Signature | Mandatory (B) | Required for verification |
| Mobile Number | Mandatory (C) | Required for contact purposes |
| Nominee Details | Optional (D) | Shareholders are encouraged to nominate |
| Email ID | Optional (E) | Encouraged for online services access |
The Company and the RTA emphasize that compliance with these requirements is vital to ensure the timely credit of any declared dividend amounts to the shareholder’s designated bank account.
Furthermore, shareholders holding shares in physical form are strongly advised to convert their holdings to demat form at the earliest opportunity. This transition will benefit overall market liquidity and streamline share ownership management.
GARFIBRES Stock Price Movement
Shares of Garware Technical Fibres Limited are edging higher to ₹774.95 as of 3:16 PM today, gaining 1.75% in live trading. The equity currently trades within an intraday range of ₹757.05 and ₹778.5, with 49,436 shares traded so far.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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