Hi-Green Carbon Limited has officially submitted its compliance certificate under SEBI Regulation 74(5) for the quarter ending December 31, 2024. This is in line with the SEBI (Depositories and Participants) Regulations, 2018, which mandates the company to ensure that securities received from Depository Participants (DPs) for dematerialization are processed and recorded appropriately.

The company has confirmed that the securities received during the quarter have been properly accepted/rejected by the depositories. Furthermore, the securities certificates involved in this process were mutilated and canceled after verification by the depository participants. The updated register of members reflects the depositories as the registered owners of these securities within the prescribed timelines.

This confirmation was provided by MUFG Intime India Pvt. Ltd., the company's Registrar and Share Transfer Agent (RTA), previously known as Link Intime India Pvt. Ltd. The certificate ensures that the company has adhered to the regulatory timelines for the dematerialization of securities and the listing compliance on the relevant stock exchanges. MUFG Intime India Pvt. Ltd. also reaffirmed that the securities dematerialized in this period were properly recorded and listed on the exchanges where the previous securities had been listed, ensuring transparency and smooth handling of securities transactions.

Implications of the Certificate Submission
The submission of the certificate assures stakeholders, including shareholders, investors, and regulatory authorities, that Hi-Green Carbon Limited has fulfilled all necessary regulatory requirements set forth by SEBI regarding the dematerialization and listing of securities. The certificate confirms that no discrepancies were found in the processing of securities, maintaining the company's compliance with relevant market practices.

This update is important for investors who may be concerned about the accuracy and timeliness of securities transfers within the Indian stock market framework. By confirming the correct procedure for the handling of securities, Hi-Green Carbon ensures that it remains in good standing with regulatory authorities, which is critical for maintaining investor trust and confidence in its corporate governance.

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