Adtech Systems Reports 2nd Progress on Shareholder Record Update Campaign
Adtech Systems Ltd has released the second progress report for its 'Saksham Niveshak' campaign, an initiative mandated by the Investor Education and Protection Fund Authority (IEPFA). The campaign aims to assist shareholders in updating their Know Your Customer (KYC) details, including bank mandates, nominee registration, and contact information. It also encourages shareholders to claim unpaid/unclaimed dividends to prevent their transfer to the IEPFA. The report indicates that out of 186 shareholders with unpaid/unclaimed dividends, 99 have updated their records, including PAN details. Bank details have been updated for 61 shareholders, and nominee details for 98. The company deems the communication strategy effective and the campaign is on track.
Key Highlights
- Campaign focuses on KYC updates and claiming unpaid dividends.
- 99 out of 186 targeted shareholders have updated records.
- 98 shareholders have provided nominee details.
- Communication strategy deemed effective by the company.
- Campaign progress is on track.
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