Cords Cable Industries Limited has informed the Exchange about General Updates
CORDSCABLE · price
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Cords Cable Industries has informed shareholders about the TDS process applicable on the final dividend of Rs. 1 per share (10%) on face value of Rs. 10, recommended by the Board on May 27, 2025 for FY 2024-25, pending AGM approval. The company has outlined TDS rates for different shareholder categories — 10% for resident members with valid PAN, 20% without PAN, and varying rates for non-residents, FPIs, and other entities. Shareholders claiming lower or zero TDS must submit declarations (Form 15G/15H, 10F, or self-declaration forms SD1–SD7) along with PAN and other documents to the RTA, MUFG Intime India, on or before September 16, 2025 by 5:00 PM IST. Shareholders holding shares in physical form must also update KYC details (PAN, bank account, nomination) to avoid being classified as non-compliant.
This is a procedural/regulatory communication and not a new corporate action. Shareholders should review their TDS applicability and submit required documents before the September 16, 2025 deadline to avoid higher tax deduction; the underlying final dividend of Rs. 1 per share remains subject to AGM approval and has no immediate material impact on the stock price.