Submission of non-applicability of Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2025.
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Maximus International Ltd has submitted a certificate confirming that SEBI's Regulation 74(5) does not apply to the company for the quarter ended 30 September 2025. This regulation normally requires the company's Registrar and Share Transfer Agent (Bigshare Services Pvt Ltd) to confirm that physical shares have been converted to demat form. The regulation is not applicable because 100% of the company's shares are already held in demat (electronic) form, and no member requested any rematerialisation or dematerialisation during the quarter. The letter was signed by Managing Director Dipak Raval on 8 October 2025 and routed through BSE under script code 540401.
This is a routine procedural compliance filing with no impact on business, financials, or share price. It simply confirms that all shares are already in dematerialised form, which is standard for most listed companies today.