Modi Naturals Limited’s Equity Shares are are listed on the Bombay Stock Exchange (BSE) and freely transferable except as may be required statutorily.
All share related matters, viz; transfer, transmission, transposition, nomination, dividend, change of address, signature, registration of mandate, power of attorney, replacement, split, consolidation of share certificate, demat, remat of shares, issue of duplicate certificates, etc., are being handled by the Company’s Registrar and Transfer Agents (R&TA).
Skyline Financial Services Private Limited, Registrar and Transfer Agent, have vast experience in handling investor service.
MNL has an established mechanism for investor service. Skyline and the Compliance Officer appointed by the Company for this purpose, being the important functional nodes.
MNL has prescribed service standards for various investor related activities being handled by Skyline. Any deviation there from is examined by the Compliance Officer, who also advice the corrective actions thereon and inform the Management on the matters on a monthly basis.
The Board of Directors of the Company has constituted a Shareholder’s Grievance and Transfer Committee (the Committee) which, inter-alia, approves issue of duplicate certificates and oversees and reviews all matters connected with securities transfers and other processes. The Committee also looks into redressal of shareholders’ complaints related to transfer of shares, non-receipt of balance sheet, non-receipt of declared dividend, etc. The Committee oversees performance of the R&TA and recommends measures for overall improvement in the quality of investor services. The summary statement of investor related transactions and details are also considered by the Board of Directors of the Company.