Karnika Industries Limited, a listed company on the NSE SME Emerge Platform (Scrip Code: KARNIKA), has submitted its quarterly compliance certificate in accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ending March 31, 2025.

The filing, dated April 14, 2025, was addressed to the National Stock Exchange of India Limited and signed by Niranjan Mundhra, Managing Director of the company (DIN: 05254448).

In compliance with SEBI regulations, the company enclosed a certificate from its Registrar and Share Transfer Agent (RTA), Skyline Financial Services Private Limited, confirming that there were no share dematerialisation or rematerialisation requests during the quarter. This indicates that all equity shares of the company remained in demat format and no physical-to-digital or digital-to-physical conversion of shares occurred from January 1, 2025 to March 31, 2025.

The company assured the exchange that the requirements of Regulation 74(5) were adhered to, and the relevant compliance documentation has been formally submitted for records.

About Regulation 74(5)

Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 mandates every issuer to submit a certificate to the stock exchange and depositories, confirming that:

1. Share certificates received for dematerialisation are cancelled.

2. Appropriate entries are made in the records of the depository.

3. The dematerialisation process has been executed as per regulatory standards.

If no demat or remat requests are received during a quarter, the issuer must still confirm this in writing, ensuring transparency and regulatory diligence.

About Karnika Industries Limited

Karnika Industries Limited operates in the manufacturing and supply of quality textile products. As part of its listing on the SME Emerge platform, the company follows rigorous compliance processes to maintain transparency with its shareholders and regulators. Their website, www.karnikaindustries.com, hosts regular updates about the company’s governance, financial performance, and disclosures.

About Skyline Financial Services Pvt. Ltd.

Skyline Financial Services Pvt. Ltd. is a SEBI-registered Registrar and Share Transfer Agent (RTA) providing end-to-end share registry services to listed and unlisted companies. As Karnika’s appointed RTA, Skyline is responsible for handling shareholder requests, updating demat records, and ensuring compliance with SEBI’s depository rules.

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