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Patanjali Foods Limited (BSE: 500368 NSE: PATANJALI) has appealed to its shareholders holding shares in physical form to dematerialise their holdings and complete Know Your Customer (KYC) formalities in order to receive benefits from its proposed bonus share issue and final dividend.
The company’s board has recommended issuing two fully paid-up equity shares of ₹2 each for every one existing fully paid-up equity share of ₹2, subject to shareholder approval via postal ballot. The e-voting process, administered by NSDL, began on July 23 and will close on August 21.
Under Securities and Exchange Board of India regulations, bonus shares can only be allotted in dematerialised form. Patanjali Foods has advised physical shareholders to open a demat account, update their KYC details, and submit the necessary documents to its registrar and share transfer agent, Sarthak Global Limited, to ensure timely credit of the bonus shares.
Shareholders who fail to meet these requirements by the record date will have their bonus shares transferred to a suspense escrow demat account until the formalities are completed.
The company also reminded investors that, under SEBI rules effective April 1, 2024, dividends are paid only via electronic transfer after KYC compliance. The proposed final dividend of ₹2 per share for the financial year 2024-25 will be paid to eligible shareholders following approval at the upcoming meeting.