Pursuant to Regulation 7(3) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the complaince Certificate certifying maintaining ....
Awaiting price reaction for this filing.
The company filed its annual Compliance Certificate to BSE under SEBI's Listing Obligations and Disclosure Requirements Regulation 7(3), certifying the status of share transfer facilities for the financial year ended March 31, 2025. However, the certificate includes a significant disclosure: trading of the company's shares is currently suspended on the BSE portal due to procedural reasons. The company also stated it does not possess an ISIN nor a dematerialization (demat) facility, and as a result was unable to process any share transfer activities during FY 2024-25. The certificate was signed by Company Secretary and Compliance Officer Sayali Patil (Membership No. A62654) on April 26, 2025.
This is a negative signal for shareholders — the company's shares remain suspended from trading on BSE, shareholders cannot move into or out of demat holdings, and share transfer requests cannot be processed until the company obtains an ISIN and sets up demat infrastructure. It signals serious compliance and operational issues despite the filing itself being a routine regulatory requirement.