On Friday, April 11, 2025, Active Infrastructures Limited filed a regulatory communication with the National Stock Exchange of India Limited (NSE), informing the exchange about the non-applicability of the compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ending March 31, 2025.

The letter, signed by Nitesh Sanklecha, the Managing Director of the company (DIN: 03532145), confirms that the company did not receive any dematerialisation or rematerialisation requests during the quarter, and hence, as per the regulatory provisions, the compliance certificate requirement under Regulation 74(5) does not apply to them.

This submission is backed by a formal confirmation received from M/s. Bigshare Services Private Limited, who serve as the Registrar and Share Transfer Agent (RTA) for the company. In a letter dated April 7, 2025, Bigshare Services Pvt. Ltd. confirmed that:

• The entire shareholding of the company remains in dematerialised form.

• There were no requests for dematerialisation or rematerialisation of securities received during the last quarter.

• Consequently, the compliance certificate under Regulation 74(5) is not applicable for the quarter ended March 31, 2025.

This regulation, originally detailed in SEBI’s letters and NSDL/DSL circulars from January 2019, requires RTAs to submit a confirmation certificate regarding the dematerialisation/rematerialisation of securities. However, an exemption exists when no such transactions occur and all shares are held in demat form, which is the case for Active Infrastructures Limited.

The certificate enclosed by the company references:

• NSDL Circular NSDL/CIR/II/5/2019 dated 25th January 2019

• DSL/OPS/RTA/POLICY/2019/14 dated 25th January 2019

• SEBI communication MRD/DOP2/DSA2/OW/2019/2498/1 dated 24th January 2019

These documents clarify the roles and responsibilities of RTAs and companies with respect to Regulation 74(5) compliance.

The SEBI Regulation 74(5) mandates that for every certificate of securities after dematerialisation, the RTA must confirm destruction of physical certificates and that the name of the depository has been replaced in the register of members. However, if no such demat/remat activity has taken place, companies can file a non-applicability declaration, which is what Active Infrastructures Limited has done in this case.

This submission ensures that Active Infrastructures remains transparent in its compliance reporting and adheres to the regulatory norms outlined by SEBI. It also provides clarity to shareholders and stakeholders regarding the status of the company's shareholding structure.

The letter was submitted via online filing and the company has requested that NSE place the update on official records and acknowledge the submission. The transparency shown in filing such non-applicability certificates even when no activity occurred ensures confidence in the governance and regulatory practices of the company.

Active Infrastructures continues to maintain its commitment to regulatory compliance, particularly with respect to SEBI’s Depositories and Participants Regulations, which are vital for protecting shareholder interests and ensuring systemic transparency in securities markets.

Company Details:

• Name: Active Infrastructures Limited

• NSE Symbol: ACTIVEINFR

• ISIN: INE0KLO01025

• Registered Address: Riaan Tower, 10th Floor, Mangalwari Road, Sadar, Nagpur - 440001

• Registrar & Share Transfer Agent: Bigshare Services Pvt. Ltd.

Summary:

• Quarter Covered: Q4 of FY 2024-25 (ending March 31, 2025)

• Status of Compliance Certificate: Not applicable

• Reason: No remat/demat requests; full shareholding in demat form

• Confirmed by: Bigshare Services Pvt. Ltd.

• Filed by: Nitesh Sanklecha, MD of Active Infrastructures Limited

This submission reaffirms that Regulation 74(5) does not apply for the reported period, and the company's operations remain in full compliance with the SEBI regulatory framework.

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