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Cords Cable Industries Limited ( (IN:CORDSCABLE) ) has issued an announcement.
Cords Cable Industries Limited has announced that Naveen Sawhney HUF, represented by its Karta and existing promoter Naveen Sawhney, has been formally classified as part of the company’s promoter group under SEBI regulations. The Hindu Undivided Family entity holds 12,700 equity shares, representing 0.098% of the company’s equity capital, and its inclusion aligns the shareholding structure with the regulatory definition of a promoter group.
The company emphasized that this reclassification does not entail any change in control or management, indicating that day-to-day operations and governance structures remain unaffected. For investors and other stakeholders, the move is essentially a compliance and disclosure formality that clarifies ownership patterns and reinforces transparency in the company’s promoter shareholding profile.
More about Cords Cable Industries Limited
Cords Cable Industries Limited is an Indian manufacturer in the electrical and industrial cables segment, supplying control, instrumentation, and special cables to sectors such as power, infrastructure, and industrial projects. The company operates production facilities in Rajasthan and serves both domestic and institutional customers through listings on the NSE and BSE.
Average Trading Volume: 1,493
Technical Sentiment Signal: Hold
Current Market Cap: 1.78B INR
For detailed information about CORDSCABLE stock, go to TipRanks’ Stock Analysis page.