Shareholders Mandated to Update KYC and PAN Details for Physical Securities at Hitachi Energy India Ltd
Hitachi Energy India Ltd has issued a mandatory request to all shareholders holding securities in physical form, urging them to update critical Know Your Customer (KYC) details, PAN information, and nomination status. This initiative is crucial for ensuring uninterrupted service requests and timely payment credits regarding their holdings.The company’s communication stresses the importance of furnishing complete documents and details against their folio. Shareholders are required to provide updated details across several key areas, including bank account information, email addresses, mobile numbers, address proof, and specimen signature.
A mandatory checklist of details requested from physical security holders includes:
| S. No. | Required Particulars | Submission Form/Detail |
|---|---|---|
| 1 | Permanent Account Number (PAN) | Form: ISR-1 |
| 2 | Address Proof | Form: ISR-1 |
| 3 | E-mail address | Form: ISR-1 |
| 4 | Mobile Number | Form: ISR-1 |
| 5 | Demat account details | Form: ISR-1 |
| 6 | Bank account details | Form: ISR-1 |
| 7 | Specimen signature | Form: ISR-2 |
| 8 | Nomination details/Declaration to opt out of nomination | Form: SH-13 / Form: ISR-3 |
The company has emphasized that the timely provision of these documents is essential for service request processing and grievance lodging with the Registrar and Transfer Agent (RTA).
Impact on Payments
Shareholders who have not furnished the mandatory details face specific conditions regarding dividend payments. The requirement to update KYC and PAN details means that any payment related to folios without complete information will be withheld until all necessary documentation is provided by the shareholder.
The company noted that, effective from April 01, 2024, shareholders are eligible for payments of dividends in electronic mode only upon furnishing the required documents. Furthermore, dividends payable against the holdings must be submitted with the duly filled forms and supporting proofs on or before August 14, 2026, to ensure seamless credit.
The company also advised that successful updation and validation of KYC details, including bank account specifics, will enable any unpaid dividend(s) eligible for remittance to be credited directly to the shareholder's registered bank account via electronic mode.
POWERINDIA Stock Price Movement
On Friday, Hitachi Energy India Limited shares shed slightly, settling at ₹32,605 as trading concluded for the day. The stock closed on a volume of 87,152 shares, maintaining its position within the established price range.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.