Mumbai-based chemical manufacturing company NOCIL Limited has taken proactive measures to address the issue of lost share certificates. The company recently received a notification from its Registrar and Transfer Agent (RTA), KFin Technologies Limited, regarding the loss of several share certificates.
In response, NOCIL Limited has initiated the process of issuing letters of confirmation to the affected shareholders. These letters serve as legal proof of ownership and allow shareholders to continue exercising their rights, such as receiving dividends and participating in company meetings, even in the absence of the original certificates.
The company has provided a detailed list of the affected shareholders, including their folio numbers, names, and the certificate numbers and distinctive numbers of the lost shares. This transparency ensures that the process is conducted in a fair and orderly manner.
The issuance of letters of confirmation is a crucial step in protecting shareholder interests and preventing any fraudulent activity related to the lost certificates. It demonstrates NOCIL Limited's commitment to upholding the rights of its investors and maintaining the integrity of its shareholding records.
Shareholders who have received letters of confirmation can rest assured that their ownership rights are secure. They can continue to participate in the company's activities and benefit from its future growth.
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