On the basis of the Confirmation received from our Registrar and Share Transfer Agent KFin Technologies Limited, We confirm that the details of Securities dematerialized during the quarter ....
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Awaiting price reaction for this filing.
Surat Trade and Mercantile Ltd has submitted a confirmation to the stock exchange regarding the number of shares that were converted from physical form to electronic (demat) form during the quarter. The confirmation has been verified by the company's Registrar and Share Transfer Agent, KFin Technologies Limited. This is a routine quarterly compliance filing required under SEBI listing and depositary regulations. No specific numbers of dematerialized shares were provided in the headline. Such filings help track the shift of shareholding from physical certificates to demat accounts.
This is a routine procedural disclosure with no material impact on the stock price or shareholder value. It simply confirms regulatory compliance regarding the pace of dematerialization of the company's shares.