Mid India Industries Limited Issues Mandatory KYC Compliance Notice to Physical Shareholders

2 min read     Updated on 13 Apr 2026, 10:37 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

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.

powered bylight_fuzz_icon
37645655

*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 Day5 Days1 Month6 Months1 Year5 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?

Mid India Industries Declares Non-Applicability of SEBI Large Corporate Framework

1 min read     Updated on 09 Apr 2026, 10:51 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Mid India Industries Limited declared non-applicability under SEBI's Large Corporate framework for debt securities on April 9, 2026. With zero outstanding borrowings as of March 31, 2026, the company is exempt from mandatory disclosure requirements under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144, providing regulatory relief from complex compliance obligations typically imposed on larger entities.

powered bylight_fuzz_icon
37300881

*this image is generated using AI for illustrative purposes only.

Mid India Industries Limited has formally declared its non-applicability under SEBI's Large Corporate framework for debt securities issuance. The company submitted its declaration to BSE Limited on April 9, 2026, confirming that it does not meet the criteria for Large Corporate classification as of March 31, 2026.

Regulatory Compliance Declaration

The declaration pertains to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which governs fund raising by issuance of debt securities by large entities. Company Secretary and Compliance Officer Manish Joshi signed the official communication, stating that the company does not fall under the Large Corporate category as per the framework provided in the circular.

Financial Position Details

The company's financial standing as of March 31, 2026, supports its non-applicability status:

Parameter Details
Outstanding Borrowings 0.00 crore as on March 31, 2026
Credit Rating Not Applicable
Stock Exchange for Fine Payment Not Applicable

Corporate Information

Mid India Industries Limited operates with its registered office located at Textile Mill Area, Station Road, Mandsaur, Madhya Pradesh, and maintains its corporate office in Indore. The company confirmed its compliance with Chapter XII of SEBI Operational circular dated August 10, 2021, regarding Large Corporate applicability criteria.

Key Personnel

The declaration was signed by two key officials:

  • Manish Joshi - Company Secretary & Compliance Officer (ACS-47472)
  • Om Prakash Dhanotiya - Chief Financial Officer

Both officials digitally signed the document on April 9, 2026, with the company seal affixed to authenticate the declaration.

Regulatory Impact

Since Mid India Industries Limited does not qualify as a Large Corporate under the SEBI framework, the company is exempt from filing mandatory disclosures in the specified format required by the circular. This exemption applies to fund raising activities through debt securities issuance, providing the company with regulatory relief from complex compliance requirements typically imposed on larger entities.

Historical Stock Returns for Mid India Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-2.04%+1.36%+13.92%-10.65%-30.25%+84.34%

What are Mid India Industries' future capital expansion plans given their zero outstanding borrowings and exemption from large corporate debt regulations?

How might the company's non-large corporate status affect its ability to access capital markets if it needs significant funding for growth initiatives?

Will Mid India Industries consider strategic acquisitions or partnerships that could potentially push them into the large corporate category in coming years?

More News on Mid India Industries

1 Year Returns:-30.25%