Shareholders of Pilani Investment Mandated to Furnish KYC and Nomination Details
Pilani Investment and Industries Corporation Limited has issued a reminder urging all holders of physical securities in the company to complete mandatory Know Your Customer (KYC) and Nomination procedures. The requirement is crucial for ensuring that shareholders are eligible to receive services or payments related to their folios.The notification emphasizes that furnishing these required details is essential. Shareholders who do not comply with the mandate may face limitations regarding grievance lodging, service requests from the Registrar and Share Transfer Agent (RTA), or receiving payments, including dividends, through electronic means for those specific holdings.
Mandatory Compliance Requirements
For shareholders holding physical securities in Pilani Investment and Industries Corporation Limited, the company has specified several required documents and forms. These updates cover essential investor identification and preferences.
The mandatory compliance items include providing a PAN (Permanent Account Number), choosing a Nomination type, furnishing contact details (including Postal Address with PIN and Mobile Number), Bank account details, and a Specimen signature for their folio numbers.
Required Forms and Purposes
Investors are advised to update the necessary information by completing specific forms provided by the company or the RTA. The forms relate to registration, signature confirmation, and nomination choices.
The required forms are detailed below:
| S. No. | Form | Purpose |
|---|---|---|
| 1 | Form ISR-1 | Request for registering PAN, KYC details or changes/updation thereof. |
| 2 | Form ISR-2 | Confirmation of Signature of securities holder by the Banker. |
| 3 | Form ISR-3 | Declaration Form for Opting out of Nomination by holders of physical securities (if any). |
| 4 | Form No. SH-13 | Nomination Form. |
| 5 | Form No. SH-14 | Cancellation or Variation of Nomination (if any). |
The communication clarifies that Forms ISR-1 and ISR-2 are mandatory, while shareholders must fill out either ISR-3, SH-13, or SH-14 based on their preference.
Submission Methods and Information Availability
Pilani Investment and Industries Corporation Limited has outlined multiple methods for submitting the required documents to the Company or the RTA (Niche Technologies Private Limited).
The available modes of submission include:
- In Person Verification (IPV): By producing originals to the authorized person of the RTA.
- Hard Copy: By providing self-attested photocopies of the relevant document along with a date.
- Email: Through the pre-registered email address of the RTA, utilizing scanned copies signed by e-sign.
- RTA Service Portal: Using e-signed scanned copies if such a facility is offered by the RTA.
The company and its RTA have made the required forms available on their respective websites for investor access. The submission process requires immediate attention, as the Registrar and Share Transfer Agent (RTA) will not process any service requests until all necessary KYC and Nomination documents/details are received.
PILANIINVS Stock Price Movement
Pilani Investment and Industries Corporation Limited shares shed 0.43% in post-market trading today, closing at ₹4,338.50. The stock experienced intraday volatility between a low of ₹4,305 and a high of ₹4,379.90, during which a total of 1,092 shares were traded.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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