Lakshmi Electrical Control Systems Launches Second 100-Day 'Saksham Niveshak' Campaign for KYC Updates

2 min read     Updated on 07 Apr 2026, 01:32 PM
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Lakshmi Electrical Control Systems Limited has launched its second 100-day 'Saksham Niveshak' campaign from April 1 to July 9, 2026, as part of Ministry of Corporate Affairs initiatives. The campaign targets shareholders who have unclaimed dividends from financial years 2018-19 to 2024-25 and need KYC updates. Shareholders can contact MUFG Intime India Private Limited, the company's RTA, for assistance with documentation and dividend claims to prevent transfer to IEPF.

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Lakshmi Electrical Control Systems Limited has published a newspaper notice announcing the launch of its second 100-day campaign 'Saksham Niveshak' aimed at facilitating KYC updates and preventing the transfer of unclaimed dividends to the Investor Education and Protection Fund Authority (IEPF). The campaign represents a significant outreach initiative to engage with shareholders and ensure compliance with regulatory requirements.

Campaign Details and Timeline

The 'Saksham Niveshak' campaign, launched as part of the Ministry of Corporate Affairs (MCA) initiatives, will run from April 1, 2026 to July 9, 2026. This comprehensive 100-day program is specifically designed to reach out to shareholders who need to update their records or claim pending dividends.

Parameter: Details
Campaign Name: Saksham Niveshak
Duration: April 1, 2026 to July 9, 2026
Total Days: 100 days
Initiative By: Ministry of Corporate Affairs
Publication Date: April 7, 2026

Target Shareholders and Eligible Claims

The campaign targets shareholders who have not claimed their dividends for financial years spanning from 2018-19 to 2024-25. Additionally, shareholders who have not updated their KYC details or face issues related to unclaimed dividends and shares are encouraged to participate in this initiative.

Registrar and Transfer Agent Contact Information

Shareholders seeking assistance during the campaign period can contact the company's Registrar and Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited). The RTA office is located at "Surya" 35, Mayflower Avenue, Behind Senthil Nagar, Sowripalayam Road, Coimbatore 641028.

Contact Details: Information
Phone Numbers: +91 422 2314792, 2539835/836, 4958995
Email: coimbatore@in.mpms.mufg.com
Address: "Surya" 35, Mayflower Avenue, Behind Senthil Nagar, Sowripalayam Road, Coimbatore 641028

KYC Updates and Documentation Requirements

The campaign emphasizes the importance of updating various shareholder records to ensure seamless dividend distribution and compliance. Key areas for updates include:

  • KYC documentation and verification
  • Bank mandate details for dividend payments
  • Nominee information and contact details
  • Current address and communication preferences

Shareholders holding shares in demat form are specifically advised to approach their respective Depository Participants where they maintain their demat accounts for KYC requirement updates.

IEPF Prevention Measures

The primary objective of this campaign is to prevent the transfer of unpaid and unclaimed dividends along with corresponding shares to the Investor Education and Protection Fund Authority (IEPF). By facilitating easy access to claim procedures and documentation updates, the company aims to ensure shareholders retain their rightful dividends and shareholdings.

The notice was signed by S. Sathyanarayanan, Company Secretary and Compliance Officer, and published in Financial Express (English) and Dinamalar (Tamil) newspapers on April 7, 2026, ensuring wide reach across different linguistic communities.

Historical Stock Returns for Lakshmi Electrical Control Systems

1 Day5 Days1 Month6 Months1 Year5 Years
+1.46%+3.32%+3.17%-13.61%-10.62%+150.48%

What impact will the success rate of this campaign have on Lakshmi Electrical's future dividend distribution strategies?

How might other listed companies adopt similar proactive approaches to prevent IEPF transfers following this initiative?

Will the Ministry of Corporate Affairs expand the 'Saksham Niveshak' campaign to become a mandatory annual requirement for all listed companies?

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Lakshmi Electrical Control Systems Submits Dematerialization Compliance Certificate for Q4 FY26

1 min read     Updated on 07 Apr 2026, 12:28 PM
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Lakshmi Electrical Control Systems Limited submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026, confirming proper dematerialization procedures. The certificate, supported by confirmation from registrar MUFG Intime India Private Limited, verifies that all securities were processed according to regulatory requirements with appropriate record updates.

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Lakshmi Electrical Control Systems Limited has fulfilled its quarterly regulatory obligations by submitting a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was addressed to both major depositories in India and confirms adherence to dematerialization procedures.

Regulatory Compliance Details

The company submitted the certificate on April 07, 2026, to National Securities Depository Limited and Central Depository Services India Limited. The submission relates to the company's securities with ISIN INE284C01018, Security Id LAKSELEC, and Security Code 504258.

Parameter: Details
Quarter Period: March 31, 2026
ISIN: INE284C01018
Security ID: LAKSELEC
Security Code: 504258
Submission Date: April 07, 2026

Dematerialization Process Confirmation

The certificate confirms that all securities received for dematerialization during the quarter were processed in accordance with regulatory requirements. The company certified that securities were mutilated and cancelled after due verification, with depository names substituted in company records as registered owners within prescribed timelines.

Key aspects of the compliance include:

  • Securities received for dematerialization were properly mutilated and cancelled
  • Depository names were substituted as registered owners within prescribed time
  • All dematerialized securities are listed on stock exchanges where earlier securities are listed
  • Details were furnished to the stock exchange as required

Registrar and Transfer Agent Confirmation

MUFG Intime India Private Limited, serving as the company's Registrar and Transfer Agent, provided confirmation supporting the compliance certificate. The registrar confirmed on April 3, 2026, that securities received from depository participants during the quarter ended March 31, 2026, were properly confirmed to depositories.

Entity: Role
MUFG Intime India Private Limited: Registrar and Transfer Agent
Confirmation Date: April 3, 2026
Officer: Ashok Shetty, Sr. Vice President-Corporate Registry

Corporate Governance

The compliance certificate was signed by S. Sathyanarayanan, Company Secretary and Compliance Officer of Lakshmi Electrical Control Systems Limited. The submission demonstrates the company's commitment to maintaining regulatory compliance and transparent corporate governance practices in securities management.

The quarterly certification process ensures investor protection by confirming proper handling of dematerialization requests and maintaining accurate records of securities ownership transfers from physical to electronic form.

Historical Stock Returns for Lakshmi Electrical Control Systems

1 Day5 Days1 Month6 Months1 Year5 Years
+1.46%+3.32%+3.17%-13.61%-10.62%+150.48%

Will Lakshmi Electrical Control Systems maintain its current registrar and transfer agent arrangement with MUFG Intime India for future quarters?

How might changes in SEBI's dematerialization regulations impact the company's compliance processes in upcoming quarters?

What percentage of Lakshmi Electrical's total securities are now in dematerialized form compared to physical certificates?

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