Oricon Enterprises Limited (OEL) has successfully completed the dematerialization process for the quarter ended June 30, 2024, in compliance with the Securities and Exchange Board of India (SEBI) (Depositories and Participants) Regulation 74(5). This process involves converting physical share certificates into electronic form, making trading and holding of shares more efficient.
OEL's Registrar and Share Transfer Agent (RTA), Bigshare Services Pvt. Ltd., confirmed the successful completion of the process. Bigshare Services verified and canceled all physical share certificates received for dematerialization up to June 30th and ensured that the dematerialized shares were credited to the respective demat accounts within the stipulated timeframe.
This achievement demonstrates OEL's commitment to regulatory compliance and its efforts to streamline the shareholding process for investors. The dematerialization of securities is a crucial step towards a more efficient and transparent capital market. It also reduces the risk of fraud and loss associated with physical share certificates.
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