Dear Sir/Madam, Enclosed herewith is Certificate under Regulation 74(5)
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Explicit Finance Ltd has submitted a quarterly compliance certificate to BSE under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate was issued by the company's Registrar and Transfer Agent (RTA), Adroit Corporate Services Pvt. Ltd., covering the quarter ended March 31, 2025. It confirms that securities received from depository participants for dematerialisation were properly confirmed to the depositories. It also confirms that physical share certificates were mutilated and cancelled after verification, and the demat account holders' names were updated in the company's register of members within the required 15-day window. This is a routine procedural filing required of all listed companies every quarter.
This is a standard regulatory compliance submission with no material impact on shareholders or the stock price. It simply confirms the smooth processing of share dematerialisation requests during the January–March 2025 quarter.