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How does one get dividend on shares held in electronic form?

mahindra-finance-author

by Mahindra Finance

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July 21, 2023

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1 mins read

The Company obtains the details of beneficiary holders from the Depositories as on the date of the book closure /record date fixed by the Board of Directors. Dividend in respect of shares held is normally paid electronically if the 9 digit Magnetic Ink Character Recognition (MICR) code is available in the said details. In the absence of the said MICR code, dividend warrants are issued and dispatched to the address of the shareholders.

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