Finolex Cables Limited has informed the Exchange about General Updates
FINCABLES · price
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Finolex Cables has informed the exchanges that it has sent letters to shareholders who hold shares in physical form, asking them to update their PAN, KYC details (address, email, mobile, bank account, demat details) and nomination with the company's Registrar & Transfer Agent (KFin Technologies Limited). This is being done in compliance with a SEBI circular dated March 16, 2023. The company reminded shareholders that folios without updated KYC will only receive payments (including dividends) through electronic mode from April 1, 2024, and that PANs not linked with Aadhaar are treated as inoperative, attracting higher TDS on dividends. No new financial or business information is disclosed in this filing.
This is a routine regulatory compliance communication and is unlikely to have any direct impact on the stock price or shareholder value. Shareholders holding Finolex Cables shares in physical form should ensure they update their KYC details with the RTA to avoid disruption in receiving dividends or other corporate benefits.