Cords Cable: Shareholders Must Act on KYC, Dividends, and Transfers

Cords Cable Industries is reaching out to shareholders with important updates concerning Know Your Customer (KYC) details, unclaimed dividends, and the process for transferring physical shares. The company emphasizes that updating KYC information by April 1, 2024, is crucial for shareholders to receive dividends through electronic means.

Shareholders are advised that the deadline to update KYC details for seamless electronic dividend payments is April 1, 2024. This update ensures that dividend payouts are credited directly and efficiently to the shareholder's bank account.

In addition to the KYC drive, Cords Cable is running a special campaign focused on unclaimed dividends. This initiative aims to help shareholders claim any dividends they are owed before they are transferred to the Investor Education and Protection Fund (IEPF). Shareholders have until July 9, 2026, to claim these outstanding amounts.

Furthermore, Cords Cable has opened a special, one-time window for the transfer and dematerialization of physical share certificates. This period runs from February 5, 2026, to February 4, 2027. This initiative is in line with SEBI guidelines designed to encourage the dematerialization of physical shares and improve the accuracy of shareholder records across the market.

These actions are vital for shareholders to maintain smooth access to dividend payments and to regularize their holdings. Failing to update KYC by the April 1, 2024, deadline could result in delayed or missed dividend payments. Unclaimed dividends must be claimed by July 9, 2026, to avoid forfeiture to the IEPF. Shareholders with physical share certificates must complete the transfer and dematerialization process within the specified February 2026 to February 2027 window.

Shares processed through this special transfer window will be dematerialized. A key detail for shareholders utilizing this window is that the shares will be subject to a one-year lock-in period starting from the date they are credited to the shareholder's demat account.