Regulation 74(5) is not applicable to the company as all shares are in Demat form
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BTS Consultancy Services Pvt Ltd, the company's Share Transfer Agent, has issued a certificate confirming that Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 is not applicable to Popular Foundations Ltd. This is because the entire equity shareholding of the company is already in dematerialized (electronic) form. The certificate covers the quarter ended March 2026. Since no physical share certificates require dematerialization processing, the company is fully compliant with electronic share holding norms.
This is a routine compliance filing with no direct impact on the stock price. It confirms the company has completed the transition to 100% dematerialized shareholding, which is a positive governance indicator for investors.