VLS Finance Limited has issued a regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 (Regulation 30 read with Part A of Schedule III). The company has dispatched notices via speed post to shareholders holding physical shares whose PAN/KYC details and nomination are not updated. Additionally, intimations have been sent to members whose dividend has remained unpaid for seven consecutive years and are liable to be transferred to the Investor Education and Protection Fund (IEPF) in October 2026.

Key Requirements for Physical Shareholders

  • Shareholders must update Aadhar-seeded PAN of all holders, choice of nomination, contact details (phone/mobile number, email address, postal address with PIN), bank account details of first holder, and latest specimen signature of all holders
  • These updates must be made using prescribed KYC Forms (ISR-1, ISR-2, SH-13, or ISR-3) available on the company website https://www.vlsfinance.com/kyc/
  • Submissions should be made to the RTA (KMC Share Registry Private Limited, B-25/1, First Floor, Okhla Industrial Area-Phase II, New Delhi-110020) or to the company's registered office

Dividend Payment Restrictions

  • From April 1, 2024, dividends will be paid only through electronic mode and only after complete KYC details are updated
  • If members update required details after April 1, 2024, they will receive all dividends declared during the period from April 1, 2024, until the date of updation automatically
  • No other service requests (including duplicate share certificate issuance, transposition, etc.) will be entertained until KYC details are updated

IEPF Transfer Requirements

  • Unclaimed dividend for Financial Year 2018-19 (Final Dividend) must be transferred to IEPF by October 18, 2026
  • Equity shares on which dividend(s) remained unclaimed for seven continuous years must be transferred to the designated IEPF Demat Account by October 18, 2026
  • The last date for claiming dividend to avoid transfer to IEPF is September 18, 2026

Financial Impact

Financial impact not quantified in the disclosure. The notice primarily concerns compliance requirements and potential withholding of dividend payments until KYC compliance is achieved.