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Schaeffler India Urges Shareholders to Update KYC and Bank Details
Schaeffler India Limited
January 12, 2026, 07:19 AM
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Schaeffler India Limited has issued an important intimation to its shareholders requesting them to update their KYC details, including bank account information. This action is in response to an amendment by SEBI on November 18, 2025, to Regulation 12 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The amended regulation mandates that all future payments, including dividends, interest, and redemption or repayment amounts, must be made exclusively through electronic modes. Consequently, physical warrants, cheques, or drafts will no longer be issued.
Shareholders holding shares in physical mode are advised to submit necessary documents such as Forms ISR-1, ISR-2, ISR-3, SH-13, and SH-14 to their Registrar and Transfer Agent (MUFG Intime India Private Limited) to facilitate electronic payments. These documents can be downloaded from the RTA's website. Shareholders holding shares in demat mode are requested to contact their Depository Participant for updating their KYC details, bank account information, email ID, and nomination.
The company also highlighted that any unpaid or unclaimed dividend amounts that remain unclaimed for seven years from the date of transfer will be transferred to the Investor Education and Protection Fund (IEPF) as per Section 124(5) of the Companies Act, 2013. Shareholders are urged to claim any such unclaimed dividends to avoid their transfer to the IEPF. Once transferred, claims can only be made from the IEPF Authority.
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