Hatsun Agro Product Limited (HAPL), one of India’s leading dairy and agro-based product manufacturers, has officially submitted its compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

In a formal communication dated October 11, 2025, addressed to both BSE Limited and the National Stock Exchange of India Limited (NSE), the company confirmed that it had received the necessary certification from its Registrar and Transfer Agent (RTA), Integrated Registry Management Services Private Limited.

The compliance certificate, dated October 8, 2025, verifies that all securities received for dematerialisation during the quarter ended September 30, 2025, were duly verified, accepted or rejected, and the corresponding securities were listed on the stock exchanges where previously issued securities are traded.

The letter was signed by C Subramaniam, Company Secretary and Compliance Officer, on behalf of Hatsun Agro Product Limited, ensuring that the submission aligns with the statutory reporting norms laid down by SEBI.

Dematerialisation process and compliance assurance

According to the certification issued by S. Giridhar, General Manager at Integrated Registry Management Services Private Limited, the registrar confirmed that all security certificates received for dematerialisation were mutilated and cancelled after due verification. Furthermore, the names of the depositories were substituted in the register of members as the registered owners of the securities within the prescribed 15-day timeline, adhering to SEBI’s requirements.

The registrar also confirmed that all securities have been listed on the same stock exchanges where the previously issued securities were already listed, maintaining complete consistency and transparency in the dematerialisation process.

Regulation 74(5): Importance for listed companies

Under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, it is mandatory for every listed entity to obtain and file a quarterly certificate from its registrar confirming that all shares dematerialised during the period have been properly handled, cancelled, and replaced in the company’s records with electronic holdings.

This regulation ensures transparency, accuracy in ownership records, and safeguards investor interests by confirming that the physical certificates are destroyed and ownership is accurately reflected in the depositories.

HAPL’s commitment to corporate governance

Hatsun Agro Product Limited, listed under the symbols BSE: 531531 and NSE: HATSUN, continues to demonstrate its commitment to robust corporate governance and regulatory transparency. The timely submission of such statutory filings reflects the company’s adherence to compliance frameworks and its proactive approach in maintaining investor trust.

The company, known for brands such as Arokya Milk, Hatsun Curd, Ibaco Ice Cream, and Arun Ice Cream, has a reputation for maintaining strict internal controls and transparent reporting mechanisms.

With the submission of this certificate, HAPL ensures that all depository participant-related transactions for the September 2025 quarter are verified and processed as per SEBI guidelines. The RTA’s confirmation also indicates that no discrepancies were observed during the dematerialisation cycle.

Details of the registrar’s confirmation

The confirmation was provided by Integrated Registry Management Services Private Limited, headquartered at #30, Ramana Residency, 4th Cross, Sampige Road, Malleswaram, Bangalore, with a registered office in Chennai. The certificate bears the digital signature of S. Giridhar, ensuring authenticity and compliance with SEBI’s e-filing standards.

The communication reiterates that the process of mutilation, cancellation, and substitution of ownership in the depository records was completed within the 15-day period, as mandated by the regulation. This demonstrates both regulatory discipline and operational efficiency by the registrar.

Corporate responsibility and investor communication

By regularly filing such certificates, Hatsun Agro Product Limited underscores its dedication towards investor protection and transparent communication. This filing serves as evidence of the company’s accountability and ensures that stakeholders are informed of its regulatory status.

In line with SEBI’s continuous emphasis on compliance and investor confidence, such disclosures are essential for maintaining transparency in shareholding structures. The timely and accurate filings reflect HAPL’s consistency in fulfilling its statutory obligations.

Looking ahead

The filing comes at a time when SEBI has intensified its focus on timely disclosures and compliance accuracy among listed entities. Companies that maintain timely regulatory submissions build stronger investor trust and improve their corporate reputation.

Hatsun Agro Product Limited, with this latest filing, reinforces its place among companies that prioritise regulatory integrity, corporate governance, and shareholder confidence.

In summary, the submission of the Regulation 74(5) compliance certificate by Hatsun Agro Product Limited for the September 2025 quarter marks another step in the company’s ongoing efforts to uphold transparency, compliance, and investor trust in alignment with SEBI’s Depositories and Participants Regulations, 2018.

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