Please find attached certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the Quarter ended March 31, 2025 ....
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Shriram Asset Management Company has submitted a quarterly compliance certificate under SEBI Regulation 74(5) from its Registrar and Transfer Agent, Purva Sharegistry (India) Private Limited. The certificate covers the quarter ended March 31, 2025, and confirms that all share certificates received for dematerialisation from depository participants were processed (accepted or rejected) within the prescribed timelines, with the securities properly listed and the depository's name recorded as registered owner. Importantly, the attached details show NIL share certificates were dematerialised during January–March 2025, meaning no physical-to-digital share conversions took place in this quarter.
This is a routine regulatory compliance filing with no material impact on shareholders or stock price. The NIL dematerialisation activity indicates either that most shares are already in demat form or that there was simply no conversion activity in Q4 FY25.