StockWatch
·
Cables - Electricals
Business Update8 May 2026, 04:41 pm

Cords Cable: KYC Update, 'Saksham Niveshak' Campaign

AI Summary

Cords Cable Industries Ltd. has dispatched communications to shareholders regarding KYC updates, the 'Saksham Niveshak' campaign, and a special window for dematerialization of physical shares. Shareholders are urged to update KYC details like PAN, address, mobile number, bank details, and specimen signature to ensure seamless dividend payments. The company is also running the 'Saksham Niveshak' campaign to encourage shareholders to claim unpaid dividends. Shareholders holding shares in physical form are requested to convert shares from physical form to demat form at the earliest possible as it will be beneficial for market liquidity.

Key Highlights

  • Cords Cable reminds shareholders to update KYC details for dividend payments.
  • Electronic dividend payments mandatory from April 1, 2024, for non-updated KYC.
  • Company promotes 'Saksham Niveshak' campaign for unclaimed dividends.
  • Shareholders are encouraged to dematerialize physical shares for liquidity.
  • SEBI mandates PAN, address, mobile number, bank details, and specimen signature for physical securities.