Creative Newtech confirms dematerialization compliance for March 2025 quarter

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    14/Apr/2025

  • Creative Newtech filed a dematerialization confirmation certificate for Q4 FY25 per SEBI Regulation 74(5), ensuring listed security compliance.

  • Bigshare Services Pvt Ltd confirmed all demat requests were verified, mutilated, and recorded as per NSDL and CDSL requirements.

  • Certificate confirms depositories were updated and registers amended within 15 days, as mandated by SEBI and related circulars.

On April 14, 2025, Creative Newtech Limited formally submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2025. The compliance filing was submitted to the National Stock Exchange of India Limited (NSE), where the company is listed under the symbol CREATIVE.

This quarterly submission is a routine but critical regulatory requirement that assures investors and regulatory bodies that the company’s equity shares have been properly processed when dematerialized by shareholders through depository participants.


Details of the Compliance Filing

The filing comprises a covering letter dated April 14, 2025, issued by Tejas Doshi, the Chief Compliance Officer & Company Secretary (ACS – 30828) of Creative Newtech Limited. It certifies that all dematerialization requests received during the quarter have been processed, recorded, and confirmed.

The dematerialization certificate itself is issued by Bigshare Services Private Limited, the company’s Registrar and Share Transfer Agent (RTA), on April 11, 2025.


What is Regulation 74(5)?

Regulation 74(5) of SEBI’s Depositories and Participants Regulations, 2018, mandates that:

  1. Depository participants must forward physical security certificates submitted for dematerialization to the issuer or its RTA.

  2. The issuer/RTA must confirm acceptance or rejection of such requests to the depositories.

  3. Upon acceptance, the physical certificates must be mutilated and cancelled.

  4. The name of the depository (either NSDL or CDSL) must be recorded in the register of members within 15 days.


Bigshare Services Pvt. Ltd.'s Certificate Summary

Bigshare Services Pvt. Ltd., located at Pinnacle Business Park, Mahakali Caves Road, Andheri East, Mumbai, certified the following:

  • All securities received from depository participants for dematerialization up to March 31, 2025, were either accepted or rejected and confirmed to the respective depositories.

  • The physical certificates involved were duly mutilated and cancelled after verification by the depository participants.

  • The names of depositories were correctly substituted as registered owners in the company’s register of members.

  • All actions were completed within 15 days of receipt of the demat request, in full compliance with SEBI, NSDL, and CDSL guidelines.

This confirmation complies with specific circulars and guidance issued by:

  • NSDL (CIR/II/5/2019 dated 25th January 2019)

  • CDSL (OPS/RTA/POLICY/2019/14 dated 25th January 2019)

  • SEBI (Letter No. MRD/DOP2/DSA2/OW/2019/2498/1 dated 24th January 2019)


Why This Matters to Investors

For publicly listed companies, ensuring timely and proper dematerialization of shares is critical to:

  • Maintaining market credibility

  • Preventing fraudulent share transfers

  • Enabling smooth secondary market transactions

  • Demonstrating good corporate governance

This certification ensures that no unprocessed or pending physical shareholding records exist in contradiction to SEBI’s demat-only trading policy, enhancing shareholder trust.


About Creative Newtech Limited

Creative Newtech Limited (CIN - L52392MH2004PLC148754) is a leading value-added distributor of electronic and IT products across India. The company has grown into a dynamic force offering B2B2C solutions across consumer electronics, gaming, IT peripherals, and digital lifestyle products.


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