Indbank Merchant Banking Services Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Indbank Merchant Banking Services Limited has submitted a compliance certificate to the stock exchanges under SEBI's Depositories Regulations for April 2025. The filing, based on data from the company's Registrar (Cameo Corporate Services Ltd.), confirms that 13 shareholders converted a total of 1,300 equity shares from physical to electronic (demat) form during the month. Each shareholder dematerialized 100 shares, spread across April 2 to April 30, 2025, through both NSDL and CDSL depositories. The company is a subsidiary of Indian Bank, and the certificate was signed by the Company Secretary on May 6, 2025.
This is a routine regulatory compliance filing with no material impact on the company's business, financials, or share price. It simply confirms that a small number of shareholders completed the process of converting their physical share certificates into electronic form.