SPR Auto Technologies Urges Shareholders to Update KYC and Bank Details for Physical Securities

SPR Auto Technologies Urges Shareholders to Update KYC and Bank Details for Physical Securities​

SPR Auto Technologies Limited, formerly known as Shriram Pistons & Rings Limited, is seeking shareholders holding physical securities to update their Know Your Customer (KYC), PAN, mobile number, bank account details, and specimen signature. This drive focuses on ensuring the proper recording of shareholder information with its Registrar and Transfer Agent (RTA).

The company has issued a reminder to all shareholders registered in physical form, emphasizing the critical need to complete these updates promptly.

Key Requirements for Shareholders:

Shareholders are requested to provide specific documents and details to facilitate the updation process, which includes:

• KYC Details: A duly filled Form ISR-1 along with a self-attested copy of the PAN card (including joint holders’ cards linked with Aadhaar), postal address proof, bank account details supported by a cancelled cheque or bank statement, and mobile and email numbers.
• Specimen Signature: Duly completed Form ISR-2, signed by the shareholder(s) and attested by their Bank Manager.
• Nomination: Submission of Form SH-13 for nominating an individual, or declaration to Opt-out using Form ISR-3.

The company also advises shareholders who wish to change a registered nomination to provide Form SH-14 along with the KYC documents of the Nominee, if applicable.

Implications of Non-Updation:

The notice outlines specific consequences for those who do not update their details after April 1, 2024. These include:

• Non-updaters may be required to receive dividends or interest only through electronic mode.
• Folios that are not updated with the required documents will be unable to lodge grievances or avail any service requests from the RTA until the necessary details are provided.

Shareholders holding shares in physical form are also advised regarding the requirement to dematerialize their shares with a Depository Participant along with the requisite KYC documents.

For those who do not wish to nominate a person, the company offers the 'Declaration to Opt-out' via Form ISR-3.

SPR Auto Technologies Limited is managed by Krishnakumar Srinivasan, Managing Director and CEO. The company continues operations under the brand name SPR Auto Technologies Limited.

SHRIPISTON Stock Price Movement​

SPR Auto Technologies Limited closed higher on Tuesday, gaining 0.31% to settle at ₹4188.3 after a small uptick from its previous close. The stock traded within an intraday range spanning from ₹4112.5 to ₹4205, with the equity accounting for a volume of 34,742 shares.