Safari Industries (India) Limited has officially informed both the BSE and NSE regarding a critical compliance requirement for its physical shareholders. The company has issued an intimation notice to investors holding shares in physical form, asking them to furnish and update their PAN, KYC details, and nomination information, in accordance with the SEBI Master Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/91 dated 23rd June 2025.

This intimation is a part of the larger move by the Securities and Exchange Board of India (SEBI) to streamline investor records, reduce risks of fraud, and ensure that all dividend payments and service requests are processed only through verified, updated shareholder data.

SEBI’s Compliance Mandate

As per SEBI’s directives, all listed companies must ensure that physical shareholders provide mandatory KYC details such as:

• PAN (Permanent Account Number)

• Contact details – postal address with PIN code, email, and mobile number

• Bank account details for dividend credits

• Specimen signature

• Nomination details

The regulator has also specified the consequences of non-compliance. If shareholders fail to submit these details, companies will be required to withhold dividend payments and deny investor service requests until the information is updated.

Safari Industries’ Notice to Shareholders

In line with SEBI’s rules, Safari Industries has informed its shareholders that the final dividend for FY 2024-25 has been kept on hold for physical folios where KYC details are incomplete. The withheld dividend will only be released once the shareholder provides the required documents.

The company has also highlighted that bonus shares lying in the unclaimed suspense account will remain inaccessible until shareholders complete their KYC formalities.

Access to Required Forms

To simplify the process, Safari Industries has uploaded all the prescribed forms—such as ISR-1, ISR-2, ISR-3, SH-13, and SH-14—on both its official website and the Registrar and Transfer Agent’s (Adroit Corporate Services Pvt. Ltd.) website. Shareholders can download the forms, fill them, and either send signed copies physically or email scanned/e-signed documents from their registered email IDs.

The relevant links provided by the company include:

• Safari Industries Investor Relations Page

• Adroit Corporate Services RTA Services

Dividend and Bonus Share Details

The company has clarified the dividend payment structure and conditions. Shareholders are entitled to receive a dividend of ₹1.50 per share for FY 2024-25, subject to tax deduction. However, unless KYC details are updated, this dividend will remain withheld.

In addition, the company has urged shareholders to claim any bonus shares that may be lying in the unclaimed suspense account, which will also require completion of KYC compliance.

Importance of Dematerialisation

Safari Industries has strongly advised investors to dematerialize their shares at the earliest. With demat accounts, shareholders can avoid the hassles of physical documentation, ensure smoother dividend credits, and comply effortlessly with SEBI’s evolving framework. Dematerialisation also reduces risks such as forgery, theft, or loss of physical certificates.

Consequences of Non-Compliance

The letter issued by Safari Industries also stresses the consequences of failing to comply with SEBI’s mandate:

1. Dividend Hold – Any dividend declared by the company will not be paid to physical shareholders who have not updated their KYC details.

2. Restricted Services – Shareholders will not be able to raise grievances, lodge complaints, or avail services like transmission, name correction, or issuance of duplicate certificates until compliance is achieved.

3. Regulatory Binding – Since the directive comes directly from SEBI, companies cannot make exceptions.

Role of Adroit Corporate Services Pvt. Ltd. (RTA)

As the Registrar and Transfer Agent (RTA) for Safari Industries, Adroit Corporate Services Pvt. Ltd. is responsible for collecting, verifying, and updating the KYC information of shareholders. Shareholders must submit their documents either physically to Adroit’s Mumbai office at Jafferbhoy Industrial Estate, Makwana Road, Marol Naka, Andheri (East), Mumbai - 400059, or digitally via the RTA’s official email ID: info@adroitcorporate.com.

Larger Context – SEBI’s Drive for Transparency

This initiative is part of SEBI’s broader push to modernize investor records and transition towards a more secure, digitized securities market. Over the past few years, SEBI has been actively encouraging companies and investors to eliminate physical shareholding, which has been prone to risks and delays.

By mandating KYC updates and linking them with financial entitlements like dividends, SEBI ensures that investors are incentivized to comply promptly.

Impact on Investors

For shareholders of Safari Industries, this intimation serves as a reminder that non-compliance can lead to financial inconvenience, particularly in the form of withheld dividends. Investors who have already shifted to demat holdings are unaffected by this notice.

However, for those still holding physical shares, immediate action is required. The company has made the process convenient by providing both physical and electronic submission options, but the responsibility lies with the shareholder to comply.

Conclusion

Safari Industries (India) Limited has demonstrated its commitment to regulatory compliance by issuing timely communication to its investors. The move reflects the growing importance of KYC norms and shareholder transparency in India’s capital market.

Physical shareholders are advised to act quickly by submitting their PAN, updated contact details, bank account details, specimen signature, and nomination choice to the company’s RTA. Only after this compliance will the withheld dividend and unclaimed bonus shares be released.

In addition, shareholders should consider dematerializing their shares to ensure smoother transactions, secure ownership, and hassle-free dividend credit in the future.

With SEBI tightening regulations around investor data accuracy, the message is clear: the era of physical shareholding is coming to an end, and timely compliance is no longer optional but mandatory.

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