Gujarat Fluorochemicals Limited (GFL) has submitted its Confirmation Certificate for the quarter ended June 30, 2025, in adherence to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This routine compliance filing ensures the integrity and efficiency of the company's share transfer and dematerialisation processes. The certificate was issued by MUFG Intime India Private Limited, GFL's Registrar and Share Transfer Agent (RTA).
| Particulars | Details |
|---|---|
| Company Name | Gujarat Fluorochemicals Limited (GFL) |
| Regulation | Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 |
| Reporting Period | Quarter ended June 30, 2025 |
| Issuing Authority | MUFG Intime India Private Limited (RTA) |
| Filing Date | July 7, 2025 |
Compliance Details and Regulatory Framework
The Confirmation Certificate, dated July 4, 2025, and submitted by GFL on July 7, 2025, provides crucial assurances regarding the handling of securities received for dematerialisation. As per the certificate, all securities received from depository participants for dematerialisation during the quarter ended June 30, 2025, were duly confirmed (accepted or rejected) to the depositories by MUFG Intime India Private Limited. This process ensures that the electronic records accurately reflect the ownership of shares.
Furthermore, the certificate confirms that the securities comprised in the dematerialised certificates have been listed on the stock exchanges where the company's previously issued securities are already listed. This step is vital for maintaining liquidity and tradability of the shares in the market. The RTA also verified that the physical security certificates received for dematerialisation were properly mutilated and cancelled after due verification. This prevents any misuse of the physical certificates once they have been converted into electronic form. Crucially, the names of the depositories have been substituted in the company's register of members as the registered owners within the prescribed timelines, ensuring that the official records are updated promptly and accurately.
Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, is a key provision aimed at streamlining the dematerialisation process and safeguarding investor interests. It mandates that companies and their RTAs adhere to strict timelines and procedures for processing dematerialisation requests. The regulation is part of SEBI's broader efforts to promote a robust, transparent, and efficient securities market by encouraging the conversion of physical shares into electronic form. This reduces risks associated with physical certificates, such as theft, forgery, and loss, while facilitating faster and more secure transactions.
Role of the Registrar and Share Transfer Agent
MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, plays a critical role as GFL's Registrar and Share Transfer Agent. As an RTA, it is responsible for maintaining the company's register of members, processing share transfers, handling dematerialisation and rematerialisation requests, and managing dividend payments. The timely and accurate submission of this certificate by the RTA underscores its commitment to regulatory compliance and efficient service delivery. The RTA acts as an intermediary between the company, its shareholders, and the depositories (NSDL and CDSL), ensuring that all share-related transactions are processed in accordance with regulatory guidelines.
Importance of Dematerialisation and Shareholder Impact
The ongoing process of dematerialisation is fundamental to the modern Indian securities market. It has significantly enhanced the ease of trading, reduced transaction costs, and improved the overall safety of holding securities. For shareholders, dematerialisation means their shares are held in an electronic account, similar to a bank account, making them easier to manage, transfer, and pledge. The regular compliance under Regulation 74(5) ensures that this system functions smoothly, providing confidence to investors that their dematerialisation requests are handled efficiently and securely. While this specific filing is a routine compliance matter and does not directly impact GFL's financial performance or operational metrics, it reflects the company's adherence to good corporate governance practices and its commitment to maintaining transparent and compliant shareholding records.
Market Context and Company's Commitment
Such compliance filings are standard periodic requirements for all listed entities in India. They are essential for maintaining the integrity of the capital markets and ensuring investor protection. The submission of this certificate by Gujarat Fluorochemicals Limited demonstrates its commitment to fulfilling its regulatory obligations diligently. As a routine compliance update, this announcement is generally not expected to have a significant impact on the company's stock price or market sentiment. It serves as a confirmation of the company's operational efficiency in managing its shareholder services and its adherence to the regulatory framework set by SEBI.
