Universal Cables Limited — Others, 19-11-2024: Issue of Duplicate Share Certificate

Universal Cables Limited has issued a duplicate share certificate to Mr. Seeta Ram Gupta and Mrs. Marachhi due to the loss of the original certificates. The Stakeholders Relationship Committee approved this action, and it involves the reissuance of equity shares across multiple distinctive numbers.

The issuance of duplicate certificates can enhance shareholder confidence by addressing ownership concerns and supporting smooth transactions. This move is likely to be viewed positively by investors as it ensures the company’s commitment to maintaining shareholder rights and operational integrity. However, the loss of original certificates highlights a potential risk related to shareholder record-keeping.