Indian Toners & Developers Ltd. Announces Loss of Shares by Shareholder
Team Finance Saathi
18/Mar/2025

What's Covered Under the Article:
- Indian Toners & Developers Ltd. reports loss of shares by shareholder Anita Basur.
- Compliance process initiated for issuing a "Letter of Confirmation."
- SEBI guidelines to be followed before reissuing duplicate shares.
Indian Toners & Developers Limited (ITDL) has notified BSE Limited regarding the loss of shares by one of its shareholders, Ms. Anita Basur, and the initiation of the process to issue duplicate shares in compliance with the applicable regulatory framework.
This notification was submitted in accordance with Regulation 39(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (commonly known as SEBI LODR Regulations, 2015). The loss of shares and the subsequent request for issuance of duplicate shares were reported by the shareholder.
Details of the Lost Shares
The details provided by Indian Toners & Developers Ltd. regarding the loss of shares are as follows:
- Folio Number: 19865
- Certificate Number: 32765
- Distinctive Numbers: From 4477201 to 4477300
- Number of Shares Lost: 100 shares
- Name of the Shareholder: Ms. Anita Basur
Compliance as Per SEBI Guidelines
In accordance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022, the company will issue a “Letter of Confirmation” to the shareholder after completing the necessary formalities required for processing the request for the issuance of duplicate shares.
Process for Issuance of Duplicate Shares
Upon receiving the intimation of loss of shares, Indian Toners & Developers Ltd. will undertake the following steps:
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Verification of Request: The company will verify the authenticity of the request made by the shareholder regarding the loss of shares.
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Submission of Required Documents: The shareholder is required to submit the necessary documents, including an indemnity bond and an affidavit confirming the loss of shares.
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Issuance of Letter of Confirmation: After verifying the documents and ensuring compliance with SEBI guidelines, the company will issue a “Letter of Confirmation” to the shareholder, as mandated by the circular.
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Issuance of Duplicate Shares: Once the formalities are completed, the company will proceed with the issuance of duplicate share certificates or facilitate dematerialization of the shares.
Impact on Shareholders
This notification is issued to ensure that the investor community is informed about the ongoing process and to maintain transparency in corporate actions involving shareholders. Shareholders are advised to stay informed about any communication from the company and provide the necessary documents promptly to facilitate smooth processing of such requests.
About Indian Toners & Developers Ltd.
Indian Toners & Developers Ltd. (ITDL) is one of India’s leading manufacturers of toners for laser printers, photocopiers, and digital machines. Known for its high-quality products and global footprint, the company has been a pioneer in delivering innovative solutions to meet the needs of the imaging industry. With a strong commitment to corporate governance, ITDL ensures that shareholder interests are safeguarded at all times.
Conclusion
Indian Toners & Developers Ltd. has promptly reported the loss of shares by Ms. Anita Basur and has initiated the process to issue a Letter of Confirmation as per SEBI regulations. The company is committed to ensuring a transparent and compliant process for issuing duplicate shares while adhering to the highest standards of regulatory compliance.
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