Notice for furnishing KYC and Nomination by holders of physical securities and intimation regarding dividend payment which are lying as unpaid.
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Finolex Cables Ltd has issued a notice to shareholders holding physical shares, requesting them to update their KYC (Know Your Customer) details and provide nomination information wherever these are not already on record with the company. This follows SEBI Circular dated 16th March 2023 which mandates these requirements for physical share holders. The company has also sent communications to shareholders regarding unclaimed dividends that are lying unpaid with the company. This is a routine regulatory compliance filing under SEBI norms and does not indicate any financial or operational issues with the company.
This is a standard compliance notice with no direct impact on the company's stock price or financials. However, shareholders holding physical shares must respond to the KYC and nomination requests to maintain their holdings and claim any unpaid dividends.