Exide Industries Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2025. The certificate, issued by CB Management Services (P) Limited, the company's Registrar and Share Transfer Agent (RTA), confirms the timely and accurate processing of dematerialization requests during the period from April 1, 2025, to June 30, 2025.
This filing is a routine regulatory requirement aimed at ensuring the integrity and transparency of the share dematerialization process. It provides assurance to both the stock exchanges and investors regarding the proper handling of securities converted from physical to electronic form.
The certificate from CB Management Services (P) Limited, dated July 3, 2025, confirms several key aspects of the dematerialization process for the first quarter of the financial year 2025-26:
Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, mandates that companies and their RTAs provide a quarterly confirmation regarding the dematerialization process. This regulation is a cornerstone of investor protection in the Indian securities market. Its primary objective is to ensure that the process of converting physical shares into electronic form is conducted efficiently, securely, and transparently.
CB Management Services (P) Limited, as the Registrar and Share Transfer Agent for Exide Industries, plays a critical role in this process. Their responsibilities include processing dematerialization requests, maintaining the company's register of members, and ensuring compliance with various SEBI regulations related to share transfers and dematerialization. The certificate issued by them serves as an independent verification of these activities, as required by the regulatory framework.
For shareholders, this compliance filing provides an important layer of assurance. It confirms that their requests for dematerialization are being processed correctly and that their electronic shareholdings are securely recorded and recognized by the stock exchanges. The meticulous process of mutilation and cancellation of physical certificates, coupled with the accurate updating of the Register of Members, safeguards against potential fraud and ensures the integrity of their investments.
This filing is a routine regulatory requirement aimed at ensuring the integrity and transparency of the share dematerialization process. It provides assurance to both the stock exchanges and investors regarding the proper handling of securities converted from physical to electronic form.
Compliance Details
The certificate from CB Management Services (P) Limited, dated July 3, 2025, confirms several key aspects of the dematerialization process for the first quarter of the financial year 2025-26:
- Confirmation to Depositories: All securities received from Depository Participants for dematerialization during the quarter (April 1, 2025, to June 30, 2025) were duly confirmed (accepted or rejected) to the respective Depositories. This ensures that all requests for converting physical shares into electronic form are processed and acknowledged promptly.
- Listing on Stock Exchanges: The certificate verifies that the securities comprised in the dematerialized certificates have been successfully listed on the stock exchanges where the company's previously issued securities are already listed. This step is crucial for ensuring that the dematerialized shares are recognized and tradable in the market.
- Mutilation and Cancellation: It is confirmed that the physical security certificates received for dematerialization have been meticulously mutilated and cancelled after thorough verification. This process is vital to prevent any misuse of the physical certificates once their electronic counterparts have been created.
- Substitution in Register of Members: The name of the Depositories has been accurately substituted in the company's Register of Members as the registered owner within the stipulated regulatory period. This ensures that the official records reflect the change in ownership from individual shareholders to the depositories, maintaining legal clarity and accuracy of shareholding data.
Regulatory Framework and Importance
Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, mandates that companies and their RTAs provide a quarterly confirmation regarding the dematerialization process. This regulation is a cornerstone of investor protection in the Indian securities market. Its primary objective is to ensure that the process of converting physical shares into electronic form is conducted efficiently, securely, and transparently.
The timely submission of this certificate underscores Exide Industries' commitment to adhering to regulatory norms and maintaining robust corporate governance practices. By confirming the proper handling of dematerialization requests, the company ensures that shareholder records are accurate and that the electronic holdings reflect the true ownership status, thereby fostering trust and confidence among investors.
Role of Registrar and Share Transfer Agent
CB Management Services (P) Limited, as the Registrar and Share Transfer Agent for Exide Industries, plays a critical role in this process. Their responsibilities include processing dematerialization requests, maintaining the company's register of members, and ensuring compliance with various SEBI regulations related to share transfers and dematerialization. The certificate issued by them serves as an independent verification of these activities, as required by the regulatory framework.
Shareholder Assurance
For shareholders, this compliance filing provides an important layer of assurance. It confirms that their requests for dematerialization are being processed correctly and that their electronic shareholdings are securely recorded and recognized by the stock exchanges. The meticulous process of mutilation and cancellation of physical certificates, coupled with the accurate updating of the Register of Members, safeguards against potential fraud and ensures the integrity of their investments.
Exide Industries' consistent adherence to these regulatory requirements reflects its dedication to maintaining a transparent and efficient system for managing shareholder records, which is fundamental for investor confidence in the capital markets.
