Visaka Industries Limited Initiates KYC Update Process for Physical Share Holders
Visaka Industries Limited has commenced a formal process to update the Know Your Customer (KYC) details of its shareholders who hold securities in physical mode. The company initiated this communication on July 17, 2026, through its Registrar and Transfer Agent (RTA), Kfin Technologies Limited.The initiative is driven by mandatory requirements set forth in SEBI Circulars dated June 10, 2024, and February 06, 2026. The company has dispatched communication letters to all eligible members holding physical shares to ensure their records are current and compliant with regulatory standards.
Mandatory KYC Requirements
To maintain active folios and ensure seamless service, shareholders are required to provide the following specific details:| Category | Required Information |
|---|---|
| Identification | Permanent Account Number (PAN) linked with Aadhaar |
| Contact Details | Postal Address (with PIN), Mobile Number, and Email |
| Banking Details | Bank Name, Branch Name, Account Number, and IFS Code |
| Verification | Specimen Signature |
The company emphasized that the PAN provided must be linked to Aadhaar. If this linkage is not established, the PAN will be deemed invalid, and folios will be treated as those without a furnished PAN.
Impact on Shareholder Services
Failure to update KYC details may result in restricted access to shareholder services. The following conditions apply to shareholders with incomplete records:| Service Category | Restriction/Requirement |
|---|---|
| Grievance Redressal | Accessible only after furnishing complete KYC documents |
| Payments | Dividends, interest, or redemption payments are payable via electronic mode only from April 01, 2024, following full KYC submission |
Shareholders are also encouraged to update their nomination choices to ensure the smooth transmission of securities.
Submission Process for Documentation
The company has specified several forms and submission methods for updating records:Required Forms:
- Form ISR-1: For updating KYC details with self-attested documents.
- Form ISR-2: For bank account updates, requiring banker attestation of signature and an original cancelled cheque or self-attested copy of a bank passbook/statement.
- Form SH-13: For updating Nomination.
- Form ISR-3: For opting out of nomination.
Submission Channels:
Holders may submit the duly executed documents through three primary channels:
1. Hard copies (self-attested and dated) sent to the RTA office in Hyderabad.
2. Electronic mode via email from the registered holder's email address, with all documents digitally signed.
3. The web portal of Kfin Technologies Limited.
JSWSTEEL Stock Price Movement
Shares of JSW Steel Limited are edging higher to ₹1,232.00 as of 2:50 PM today, gaining 0.90% from the previous session. The stock is seeing active turnover with a volume of 1.20 million shares as it maintains its position in the metals space.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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