Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the Quarter Ended 31.12.2025
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Paul Merchants Ltd has submitted a routine compliance certificate to BSE under SEBI's Depository Regulations for the quarter ended 31 December 2025. The company's Registrar and Share Transfer Agent (RTA), Alankit Assignments Limited, confirmed that no securities were received for dematerialisation during the quarter, making the issuance of a demat certificate not applicable. The RTA also confirmed that all securities already dematerialised are listed on the stock exchanges. This is a standard procedural filing with no business or financial content.
No impact on shareholders or the stock price — this is a routine quarterly compliance formality confirming no share demat activity during the period.