Datamatics Global Services Launches Second 100-Days Saksham Niveshak Campaign for Shareholder KYC Updates

1 min read     Updated on 26 Apr 2026, 03:59 PM
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AI Summary

Datamatics Global Services Limited has launched the Second 100-Days Campaign - "Saksham Niveshak" following an IEPFA directive dated March 27, 2026. The campaign aims to help shareholders update KYC details, bank mandates, and contact information to prevent transfer of unclaimed dividends to IEPF. The company is using electronic and physical communications to reach shareholders, with comprehensive resources available on their investor relations website.

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Datamatics Global Services Limited has launched the Second 100-Days Campaign - "Saksham Niveshak" in response to a directive from the Investor Education and Protection Fund Authority dated March 27, 2026. The initiative is designed to help shareholders update their KYC details and prevent the transfer of unclaimed dividends to the Investor Education and Protection Fund (IEPF).

Campaign Objectives and Implementation

The campaign focuses on proactive shareholder engagement to create awareness about the importance of updating KYC information, bank mandates, and contact details. The primary objective is to enable shareholders to receive their unpaid or unclaimed dividend amounts directly from the company, thereby avoiding the transfer of these funds to IEPF.

Campaign Details: Information
Campaign Name: Second 100-Days Campaign - "Saksham Niveshak"
Authority Directive Date: March 27, 2026
Target Audience: Shareholders with unpaid/unclaimed dividends
Primary Objective: Prevent IEPF transfer through KYC updates

Communication Strategy

The company has adopted a multi-channel approach to reach out to shareholders whose dividends have remained unpaid or unclaimed. Electronic communications are being sent to shareholders with registered email addresses, while physical inland letters are being dispatched to those whose email IDs are not registered with the company, its Registrar and Share Transfer Agent, or Depository Participant.

Online Resources and Support

To facilitate the process, Datamatics Global Services has made comprehensive information available on their official website at the investor relations section. The online portal includes:

  • Detailed campaign information
  • KYC updation forms
  • Nomination forms
  • Step-by-step guidance for shareholders

Regulatory Compliance

The initiative demonstrates the company's commitment to regulatory compliance and shareholder protection. By proactively reaching out to shareholders, Datamatics Global Services aims to ensure that legitimate dividend claims are settled directly with shareholders rather than being transferred to the IEPF.

The campaign represents a collaborative effort between the company and regulatory authorities to enhance investor education and protection while ensuring that shareholders receive their rightful dividend payments.

Historical Stock Returns for Datamatics Global Services

1 Day5 Days1 Month6 Months1 Year5 Years
-2.91%-3.30%+5.63%-20.74%+15.23%+521.62%

Will other listed companies be mandated to launch similar KYC update campaigns following this regulatory directive?

How might the success rate of this campaign influence future IEPF transfer timelines and regulations?

Could this initiative lead to stricter penalties for companies with high unclaimed dividend ratios?

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Datamatics Global Services Deploys AFC and Mobile Ticketing Systems for Mumbai Metro Lines 2B and 9

2 min read     Updated on 15 Apr 2026, 03:24 PM
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AI Summary

Datamatics Global Services has successfully implemented Automatic Fare Collection and mobile ticketing systems for Mumbai Metro Lines 2B and 9, which were inaugurated on April 8, 2026. The systems support both QR coded tickets and common mobility cards, enabling faster entry-exit and auto fare deduction. With over 30 AFC projects executed globally across cities like London, New York, and Dubai, Datamatics continues its expansion in India's metro infrastructure.

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Datamatics Global Services has announced the successful rollout of Automatic Fare Collection (AFC) and mobile ticketing systems for Mumbai Metro Line 2B and Line 9. The implementation marks a significant technological advancement in Mumbai's metro infrastructure, designed to enhance passenger convenience and operational efficiency. Phase 1 of both metro lines was inaugurated on April 8, 2026, by Honorable Chief Minister of Maharashtra, Shri. Devendra Fadnavis, and Honorable Deputy Chief Minister of Maharashtra, Shri. Eknath Shinde.

System Implementation Details

The deployed AFC system focuses on streamlining passenger movement through metro stations by enabling faster entry and exit processes. The technology integration includes mobile ticketing capabilities that allow commuters to use digital payment methods for seamless travel. The system is designed to support both QR coded tickets and common mobility cards.

System Component: Features
AFC System: Automated entry/exit processing with auto fare deduction
Mobile Ticketing: Digital payment integration
Coverage: Mumbai Metro Line 2B and Line 9
Ticket Support: QR coded tickets and common mobility cards
Inauguration Date: April 8, 2026

Leadership Statement

Commenting on the development, Rahul Kanodia, Vice Chairman and CEO, Datamatics, said, "We take immense pride in our continued association with Mumbai Metro Lines 2A and 7, and now with Lines 2B and 9. Through our advanced AFC and mobile ticketing systems, we are happy to enable faster, smarter, and more seamless mobility for the city. Being headquartered in Mumbai makes this association particularly special for us as these projects are positively impacting millions of Mumbaikars."

Global Track Record

Datamatics has successfully executed over 30 AFC projects globally, including implementations in high-traffic cities such as London, New York, Melbourne, Hong Kong, and Dubai. The company also implemented its AFC solution for the Memphis Area Transit Authority (MATA) in Memphis, USA. In India, Datamatics has successfully executed AFC solutions on a turnkey basis for multiple metro systems including Mumbai Metro Lines 2A and 7, Delhi-Meerut RRTS, Kolkata Metro, Pune Metro, Lucknow Metro, and Shri Mata Vaishnav Devi shrine cable car in Jammu.

Infrastructure Enhancement

This technological deployment represents part of Mumbai Metro's broader digitization initiative. The AFC and mobile ticketing systems are expected to support increased passenger volumes while maintaining efficient service delivery across the designated metro lines. The automatic fare deduction feature eliminates the need for physical ticket handling, potentially reducing queuing times and improving passenger flow management.

Historical Stock Returns for Datamatics Global Services

1 Day5 Days1 Month6 Months1 Year5 Years
-2.91%-3.30%+5.63%-20.74%+15.23%+521.62%

Will Datamatics expand its AFC system implementation to other Mumbai Metro lines currently under construction or planning?

How might the success of this digital ticketing system influence other Indian cities to accelerate their metro digitization initiatives?

Could Datamatics leverage this Mumbai Metro success to secure additional AFC contracts in other emerging markets across Asia?

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