McDowell Holdings Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Awaiting price reaction for this filing.
McDowell Holdings Limited, currently under Corporate Insolvency Resolution Process (CIRP), has submitted a routine compliance certificate to BSE and NSE for the quarter ended June 30, 2025. The certificate was issued by Integrated Registry Management Services Private Limited, the company's Registrar and Transfer Agent, confirming that all securities received from depository participants for dematerialization during the quarter were properly processed, accepted/rejected by the depositories, and the corresponding physical certificates were mutilated and cancelled. The depository names were also substituted as the registered owners in the company's member register within the required 15-day timeline. The filing was signed by Konduru Prasanth Raju, the appointed Resolution Professional, rather than regular company management.
This is a standard procedural/regulatory filing with no direct impact on shareholders or stock price. It simply confirms that the company's share transfer records are being maintained in compliance with SEBI rules during the ongoing insolvency process. Investors should note that the company remains under CIRP, which is the more material aspect of its current status.