You may be aware that Securities and Exchange Board of India (SEBI) has advised all companies to mandatorily useNational Electronic Clearing Service (NECS) for distributing dividends, declared if any. Under NECS, dividend payable would be directlycredited to shareholder’s Bank Account provided by shareholder, through RBI’s National Clearing Cell. NECS offers thefollowing benefits to the shareholder:-

• Immediate credit of dividend directly into shareholder’s Bank Account, separate intimation giving details thereof,will be sent to the shareholder.
• Safeguard against misplacement or fraudulent encashment .
• Avoidance of filling up of pay-in-slips and depositing the dividend warrants in the Bank.
• Intimation of credit in the pass book/statement issued by the shareholder’s Banker.

In view of the conveniences which NECS offer, we request you to REGISTER your bank details by sending a dulysigned request letter (Click here for format) along with a cancelled cheque and self-attested photocopy of PAN card to our Registered Office address. Whenever the shares given in the folio are entirely dematerialized, thenthis NECS mandate form will stand rescinded.

In this regard your Company has already posted necessary letters to all shareholdersseparately/mentioned in the annual reports, for registration of Bank account particulars.In the event of no response from you or your center not available for NECS, the dividends shall be issued throughwarrants only.

If you are holdingshares in DEMAT form,we request you toREGISTER / UPDATEyour bank details withDepository through your Depository Participant.     

In case you have any queries, we shall be glad to respond on hearing from you