The stock exchange is hereby informed about the certificate issued under regulation 74(5) of SEBI (DP) Regulations, 2018
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bazel International Ltd has submitted to BSE a certificate from its Registrar and Share Transfer Agent, Skyline Financial Services, under SEBI Regulation 74(5) for the quarter ended 31 March 2025. This regulation deals with confirmation of dematerialization requests (converting physical share certificates into electronic form). According to the attached data, the company received 9 dematerialization requests totaling 11,700 shares, all from a single shareholder named Nareshbhai Savjibhai Kathiriya. After due verification, all 11,700 shares were REJECTED, with zero shares accepted. The request DRN/RRN numbers are sequential (11426895-11426901 and 11438433-11438434), received on 21 January and 28 January 2025.
This is a routine quarterly compliance filing and is unlikely to affect the stock price. However, the 100% rejection of 11,700 physical share certificates submitted for dematerialization is noteworthy and could indicate that invalid or non-genuine physical share certificates are in circulation, which shareholders should be cautious about.