Apollo Tyres Limited (APOLLOTYRE) has dispatched reminder letters to holders of physical securities, urging them to furnish their PAN and KYC details to the Registrar & Transfer Agent (RTA), K-Fin Technologies Limited.
This initiative is in compliance with SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated 7 May 2024 and Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/81 dated 10 June 2024.
Mandatory details to be updated include PAN, email address, mobile number, signature, and bank account details. Nomination is optional.
Physical security holders who do not update these details will not be eligible to lodge grievances or avail any service requests from the RTA.
Effective 1 April 2024, any payments, including dividend, interest, or redemption, for such folios will only be processed through electronic mode upon furnishing all the aforesaid details.
Shareholders are required to use prescribed SEBI forms such as Form ISR-1 (for PAN and KYC), Form ISR-2 (for signature confirmation), Form SH-13 (for nomination), Form ISR-3 (for nomination opt-out), and Form SH-14 (for change in nomination).
KYC details can be updated via post/courier to the RTA, through electronic/digitally signed documents from registered email IDs, or via the RTA's web-portal.
The company also requested shareholders to convert their physical shares into dematerialized (demat) form, as SEBI mandates that transfer of securities shall be processed only in dematerialized form.