The Indian Renewable Energy Development Agency Limited (IREDA), a Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE), has confirmed compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September 2025.

This confirmation comes through formal certificates issued by its Registrar and Share Transfer Agents (RTA) — MUFG Intime India Private Limited, KFin Technologies Limited, and RCMC Share Registry Private Limited — each handling specific securities of the organisation.

Details of the filing

The communication, dated 10th October 2025, was addressed to both the BSE Limited and the National Stock Exchange of India Limited (NSE). The filing includes copies of certificates from all three registrars, affirming IREDA’s full compliance with SEBI’s depository and participant norms for the quarter under review.

The company’s Company Secretary and Compliance Officer, Ms. Ekta Madan, submitted the disclosure in accordance with SEBI’s requirements, covering equity shares and debt instruments issued by IREDA.

Registrar confirmations

Under SEBI Regulation 74(5), depository participants and registrars are required to provide confirmation certificates every quarter to ensure that all securities received for dematerialisation or rematerialisation have been processed, verified, and cancelled in accordance with prescribed norms.

For the September 2025 quarter, IREDA’s registrars issued the following confirmations:

1. MUFG Intime India Private Limited (formerly Link Intime India Pvt. Ltd.) confirmed that during the quarter ended 30th September 2025, no requests for dematerialisation or rematerialisation of equity shares were received. The registrar assured that all processes remain fully compliant with SEBI’s regulatory framework.

2. KFin Technologies Limited, which manages IREDA’s bonds and debentures, stated that all securities received from depository participants for dematerialisation were duly verified, confirmed, or rejected, as applicable, and that certificates received were mutilated and cancelled after due verification. It further confirmed that details of such dematerialised securities have been duly recorded in the register of members within the prescribed timelines.

3. RCMC Share Registry Private Limited, which also handles IREDA’s bond demat activities, issued a similar confirmation stating that no requests for dematerialisation or rematerialisation of IREDA bonds were received during the quarter.

Regulatory context

Regulation 74(5) of SEBI’s (Depositories and Participants) Regulations, 2018 mandates that every issuer or its registrar must confirm to the concerned depository and the stock exchanges that the securities received for dematerialisation have been properly verified, mutilated, and cancelled.

This process ensures that all physical certificates are properly nullified and that ownership records are accurately maintained in electronic form, thereby preventing duplication or misuse.

Importance for investors

For investors, such filings provide reassurance that all their holdings are maintained in compliance with SEBI’s stringent depository norms. By submitting timely certificates, IREDA demonstrates its continued commitment to maintaining transparency, compliance, and integrity in all its securities-related operations.

It also ensures that there is no discrepancy between physical and dematerialised holdings, which is critical in maintaining investor confidence and regulatory credibility.

Corporate structure and background

Indian Renewable Energy Development Agency Limited (IREDA) was incorporated in 1987 and operates under the Ministry of New and Renewable Energy (MNRE). The organisation serves as a non-banking financial company (NBFC) that provides financing for renewable energy and energy efficiency projects across India.

IREDA’s operations include funding in sectors such as solar, wind, hydro, biomass, waste-to-energy, and energy efficiency projects. The company also acts as a key policy implementer for India’s renewable energy mission, playing a vital role in accelerating the country’s transition toward cleaner energy sources.

IREDA made its debut on the stock exchanges (BSE and NSE) in November 2023, marking a significant milestone in its corporate journey. Since listing, the company has consistently maintained its compliance record, regularly disclosing all statutory and regulatory updates.

Quarterly compliance practices

IREDA’s communication confirms that the compliance certificates for equity and debt securities were duly issued by all relevant registrars for the quarter ending 30th September 2025.

Such quarterly filings are part of the routine corporate governance practices required by SEBI to ensure transparency and timely disclosures. The absence of dematerialisation or rematerialisation requests indicates operational stability and investor confidence, reflecting efficient registrar coordination and effective securities management.

Details of Registrars

1. MUFG Intime India Private Limited

   • Registered Address: C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai – 400083

   • CIN: U67190MH1999PTC118368

   • Function: Registrar for IREDA’s equity shares.

   • Confirmation: No demat or remat requests during Q2 FY2025.

2. KFin Technologies Limited

   • Function: Registrar for IREDA’s bonds and debentures.

   • Confirmation: All securities received were duly verified, confirmed, or rejected; certificates mutilated and cancelled after verification.

3. RCMC Share Registry Private Limited

   • Address: B-25/1, First Floor, Okhla Industrial Area, Phase – II, New Delhi – 110020

   • CIN: U67120DL1950PTC001854

   • Confirmation: No dematerialisation or rematerialisation requests received for IREDA’s bonds during the quarter.

Commitment to SEBI norms

Through this submission, IREDA has reiterated its commitment to adhering to SEBI’s regulatory framework, ensuring transparency and investor protection.

The regularity of such disclosures enhances corporate credibility, especially for listed entities operating in public finance and renewable energy sectors. Compliance certificates under Regulation 74(5) serve as an important assurance that all share transfer and demat processes are being managed with utmost accuracy and within regulatory timelines.

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