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 has filed a quarterly Reconciliation of Share Capital Audit Report under Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018, certified by Practicing Company Secretary Ms. Punita Sahal. The company's total issued and listed capital stands at 1,39,92,258 shares of Rs. 10 face value, with 97.38% held in dematerialized form (69.33% in NSDL, 28.05% in CDSL) and 2.62% still in physical form. No changes in share capital were reported during the quarter, the register of members is up to date, and there are no pending demat requests beyond 21 days or excess dematerialized shares. The filing also restates that the company is under Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC Code, 2016, with Mr. Konduru Prasanth Raju as Resolution Professional, and that trading in its shares remains suspended on both BSE and NSE due to penal reasons.
This is a routine quarterly compliance disclosure and does not change the company's underlying situation. For shareholders, the key takeaway is that the stock remains suspended on both exchanges and the company continues under insolvency resolution — so any recovery in value depends on the CIRP outcome rather than normal market activity.