Sheetal Cool Products Limited (SCPL) has submitted a certificate to BSE Limited and the National Stock Exchange of India Limited (NSE) affirming its compliance with SEBI (Depositories and Participants) Regulation 74(5) for the quarter ending June 30, 2024.
The certificate, issued by KFin Technologies Limited, the company's Registrar and Share Transfer Agent (RTA), confirms that all dematerialization requests for SCPL's securities received during the quarter were processed in accordance with the regulation. This includes the confirmation of demat requests, listing verification, mutilation and cancellation of physical share certificates, and timely updating of the register of members.
This compliance not only underscores SCPL's commitment to regulatory requirements but also ensures the smooth and efficient processing of dematerialization requests for its shareholders. The dematerialization of securities is a crucial aspect of modern stock market operations, offering benefits such as increased security, faster transfer of ownership, and reduced paperwork.
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