Mid India Industries Limited Issues Mandatory KYC Compliance Notice to Physical Shareholders
Mid India Industries Limited has issued a mandatory compliance notice to BSE Limited under Regulation 30, informing about requirements for physical shareholders to update PAN, KYC details, bank account information, and nomination details as per SEBI Master Circular dated February 06, 2026. The company emphasizes that this update ensures regulatory compliance and proper electronic dividend payments, with non-compliant shareholders facing service restrictions.

*this image is generated using AI for illustrative purposes only.
Mid India Industries Limited has formally notified BSE Limited about its mandatory compliance initiative for shareholders holding physical shares. The company issued this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated April 13, 2026.
Regulatory Compliance Requirements
The initiative stems from the SEBI Master Circular for Registrars to an Issue and Share Transfer Agents dated February 06, 2026. The company has prepared a draft intimation letter to be sent to holders of physical shares for updating critical information.
| Mandatory Requirements: | Details |
|---|---|
| PAN Details: | Permanent Account Number verification |
| KYC Information: | Contact details with postal address and PIN |
| Bank Account Details: | Account number, bank name, branch, and IFSC code |
| Nomination: | Choice of nomination or opt-out declaration |
| Specimen Signature: | Updated signature specimen |
Impact on Physical Shareholders
Shareholders who fail to provide the required documentation will face specific restrictions. They will only be eligible to lodge grievances or avail service requests from the Registrar and Transfer Agent (RTA) after furnishing complete PAN, KYC details, and nomination information.
For dividend and other payments, shareholders with incomplete documentation will receive payments only through electronic mode with effect from April 01, 2024. The company will send intimations to affected shareholders that payments are due and will be processed electronically only upon compliance with the stated requirements.
Documentation Process
Shareholders can submit required documents through multiple modes including In Person Verification (IPV), self-attested hard copies, or electronic mode with e-sign. The company's RTA, M/s Ankit Consultancy Private Limited, will process these submissions.
| Form Types: | Purpose |
|---|---|
| Form SH-13: | Registration of nomination |
| Form SH-14: | Cancellation or variation in nomination |
| Form ISR-1: | Contact details and bank account registration |
| Form ISR-2: | Specimen signature registration |
| Form ISR-3: | Declaration to opt-out of nomination |
Company Communication
Company Secretary and Compliance Officer Manish Joshi (ACS-47472) signed the notification, emphasizing that this update is essential for seamless communication, regulatory compliance, and proper dividend credit processes. The relevant forms and SEBI circulars are available on both the company website and the RTA's website at www.ankitonline.com .
The RTA contact details include their office at 60, Electronic Complex, Pardeshipura, Indore (M.P.) – 452 010, with telephone numbers 0731-4065799, 4065797, and 0731-4949444, and email at investor@ankitonline.com .
Historical Stock Returns for Mid India Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.04% | +1.36% | +13.92% | -10.65% | -30.25% | +84.34% |
How will the electronic-only dividend payment requirement affect Mid India Industries' shareholder retention and stock liquidity?
What percentage of Mid India Industries' shareholder base currently holds physical shares and could be impacted by these compliance restrictions?
Will other listed companies follow similar aggressive compliance measures, potentially creating industry-wide pressure on physical shareholders?





























