Federal Bank Limited, one of India’s prominent private sector banks, has submitted its statutory compliance report under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2025. The disclosure has been addressed to both the National Stock Exchange of India Limited (NSE) and BSE Limited, confirming adherence to regulatory requirements related to securities dematerialization.

Details of the Compliance Filing

The certificate, issued by the bank’s Registrar and Transfer Agent (RTA), Integrated Registry Management Services Private Limited, confirms that:

• All securities received for dematerialization from various Depository Participants (DPs) during the quarter were duly verified and processed.

• Post-verification, the securities were either accepted or rejected, and relevant updates were communicated to the depositories as well as the stock exchanges where the bank's securities are listed.

• The security certificates were mutilated and cancelled after due verification to prevent any misuse.

• The depository’s name was accurately updated in the register of members as the registered owner of the respective dematerialized securities within the prescribed 15-day window.

This compliance filing was accompanied by a formal covering letter from Mr. Samir P Rajdev, Company Secretary of Federal Bank, dated July 3, 2025 (SEC/117/2025-26). The certificate itself, issued by the RTA on July 2, 2025, reaffirms the bank's commitment to regulatory transparency, investor safety, and governance best practices.

Significance of SEBI Regulation 74(5)

Regulation 74(5) mandates every issuer or their RTA to confirm:

1. Whether shares deposited for dematerialization are verified and confirmed by the issuer

2. That corresponding share certificates are mutilated and cancelled

3. That register of members reflects the name of the depository as the owner within a 15-day timeframe

This regulation is part of SEBI’s broader efforts to standardize depository operations, prevent fraud, and streamline securities movement through the dematerialized (demat) ecosystem.

About Federal Bank’s RTA – Integrated Registry

Integrated Registry Management Services Pvt. Ltd., headquartered in Chennai, serves as the official RTA for Federal Bank. It is responsible for handling all securities-related documentation including demat/remat processing, transfer formalities, and maintenance of investor records.

The address of the RTA as included in the certificate is:
2nd Floor, “Kences Towers”, No. 1 Ramakrishna Street, North Usman Road, T Nagar, Chennai – 600 017

Their statement, addressed to Mr. Samir P Rajdev, confirms their role in upholding compliance through systematic handling of investor securities and communication with exchanges.

Implications for Stakeholders and Investors

This update is non-price-sensitive information but serves as a crucial assurance to investors and regulatory authorities that Federal Bank remains compliant with SEBI’s procedural guidelines for dematerialized shares. Such timely filings also:

• Reinforce market transparency

• Ensure investor confidence in the handling of share transfers

• Help maintain the integrity of the capital market ecosystem

Timely and accurate processing of demat requests ensures that investor rights are protected, and all market intermediaries function in a synchronized and regulated environment.

Conclusion

Federal Bank’s filing under SEBI Regulation 74(5) for the June 2025 quarter demonstrates its commitment to ensuring compliance integrity, efficient shareholding processes, and systematic coordination with depositories and stock exchanges. As investor protection and digital demat systems gain prominence, such disclosures are pivotal in reinforcing stakeholder trust and corporate governance discipline.

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