Banka BioLoo Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Banka BioLoo Limited has informed the NSE that Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 does not apply to the company for the quarter ended 31 March 2025. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed this position in a letter dated 5 April 2025. The regulation is not applicable because 100% of the company's shares are held in dematerialized (demat) form, and no physical share certificates were received for conversion during the quarter. The filing is a routine regulatory disclosure made by the Company Secretary & Compliance Officer, Nitika Lakhotia.
This is a routine procedural compliance filing with no material impact on shareholders, operations, or stock price. It simply confirms that the company has no physical shares to report on, which is actually a positive governance signal indicating full dematerialization.