Compliance Certificate under Regulation 74(5) of SEBI (DP)

Bigshare Services Pvt Ltd, the registered Registrar and Transfer Agent for Majestic Research Services, has issued a routine compliance certificate confirming that no securities were received for dematerialization during the quarter ended March 31, 2026. Since there were no dematerialization requests, no share certificates were mutilated, cancelled, or had depositories' names substituted. This quarterly filing is a standard regulatory requirement under SEBI regulations to confirm the status of physical share certificate processing.