Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended March 31, 2025
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Subam Papers has submitted a routine compliance certificate to BSE for the quarter ended March 31, 2025, as required under SEBI's depositary regulations. The certificate was issued by the company's Registrar and Transfer Agent, Bigshare Services Pvt. Ltd. The RTA confirmed that Regulation 74(5) is not applicable to the company because 100% of Subam Papers' shares are held in dematerialised (demat) form. Additionally, no shareholders requested rematerialisation of shares during the January–March 2025 quarter.
This is a purely administrative, routine regulatory filing with no material impact on the business, financials, or share price. It simply confirms that all company shares are already in demat form and no demat-to-physical conversion requests were received.