Crompton Greaves Files SEBI Regulation 74(5) Compliance Certificate for Q4 FY25
K N Mishra
21/Apr/2025
What's covered under the Article:
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Crompton Greaves filed its Q4 FY25 SEBI Regulation 74(5) certificate with BSE and NSE, confirming dematerialization activities.
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Registrar KFin Technologies confirmed compliance and submission of relevant data to both NSDL and CDSL depositories.
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The submission fulfills SEBI’s mandatory reporting norms for listed companies under Depositories and Participants Regulations.
On April 21, 2025, Crompton Greaves Consumer Electricals Limited, a leading player in the consumer electricals sector, submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). This report was part of the company’s ongoing regulatory obligations and was submitted for the quarter ended March 31, 2025.
Overview of SEBI Regulation 74(5)
SEBI Regulation 74(5) requires companies to submit a certificate to the stock exchanges, confirming the details of securities that have been either dematerialized or rematerialized during a specific period. This regulation aims to maintain transparency and ensure that the securities trading system is functioning in compliance with SEBI’s guidelines for efficient and orderly trading.
Crompton Greaves Consumer Electricals Ltd Submission
In compliance with the SEBI (Depositories and Participants) Regulations, 2018, the company submitted its certificate confirming that KFin Technologies Limited, the company’s Registrar and Share Transfer Agent (RTA), has provided all necessary details concerning securities dematerialization and rematerialization.
The certificate states that the dematerialization and rematerialization of Crompton Greaves Consumer Electricals Ltd’s securities were carried out according to the rules and submitted to the stock exchanges where the company’s shares are listed. This includes BSE and NSE, which are the key exchanges for the company’s publicly traded shares.
Content of the Certificate
The certificate issued by KFin Technologies Ltd., dated April 2, 2025, contains a detailed report of the securities transactions during the quarter ending March 31, 2025. This includes the number of securities dematerialized and rematerialized. It is crucial for confirming that all necessary steps are in place to maintain accurate and up-to-date records of shareholder ownership, thus ensuring compliance with the Securities and Exchange Board of India’s (SEBI) regulatory requirements.
Role of KFin Technologies Ltd.
As the Registrar and Share Transfer Agent (RTA) for the company, KFin Technologies Ltd. plays a critical role in ensuring smooth operations related to the transfer and dematerialization of securities. The company is responsible for:
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Managing share registries.
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Facilitating the dematerialization and rematerialization of shares.
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Ensuring shareholder records are accurate and up-to-date.
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Issuing necessary compliance certificates under the relevant SEBI regulations.
Regulatory Significance
This submission by Crompton Greaves Consumer Electricals Ltd signifies the company’s adherence to the SEBI regulations, particularly in ensuring the dematerialization process is conducted in line with compliance standards. It enhances transparency and assures investors and stakeholders that the company is operating within the legal framework for securities management.
Conclusion
By filing the Regulation 74(5) certificate with the BSE and NSE, Crompton Greaves Consumer Electricals Ltd has demonstrated its commitment to maintaining regulatory compliance in the Indian stock market. The report ensures that the company’s securities are managed efficiently, offering further assurance to investors about the transparency and accuracy of the company’s shareholder records. This submission is one of the key steps in ensuring the company meets all necessary legal and financial reporting obligations.
The full report is part of the company’s ongoing commitment to transparency and good governance practices, ensuring that it remains in compliance with all SEBI regulations and upholds the highest standards of corporate governance.
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