On 15th January 2024, KCK Industries Limited issued a formal certificate to the National Stock Exchange of India Ltd. confirming that the company had complied with Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018 for the quarter ended 31st December 2024. This regulation requires companies to provide a statement of securities that were either dematerialized or rematerialized during a specified period.

The letter, signed by Jagdish Prasad Arya, Director of KCK Industries Ltd., states that the details of securities dematerialized or rematerialized during the quarter have been duly submitted to all the stock exchanges where the company’s shares are listed. This is in accordance with the compliance requirements set by SEBI for companies to maintain transparency in their securities transactions.

Additionally, the certificate mentions the confirmation received from M/s Cameo Corporate Services Limited, the company’s Registrar and Share Transfer Agent, regarding the dematerialization status. Cameo Corporate Services also confirmed that no physical securities were received for dematerialization during the quarter, which indicates that all securities are being processed electronically.

In their official letter dated 2nd January 2025, Cameo Corporate Services reiterated that there were no physical folios for dematerialization during the quarter ending 31st December 2024, which aligns with the trend of paperless trading and electronic settlement in India’s securities market.

Compliance with SEBI Regulations

The certification from KCK Industries Ltd. and Cameo Corporate Services reaffirms the company’s adherence to the Securities and Exchange Board of India (SEBI) guidelines and regulations. The company has made it clear that it has followed the necessary processes for maintaining the integrity and accuracy of its share transfer system, ensuring a smooth transition to the dematerialized form of securities.

This is a critical part of India's efforts to streamline and modernize the securities market, where dematerialization is increasingly becoming the norm. The SEBI (Depositories and Participants) Regulations, 2018, which governs the dematerialization and rematerialization processes, is part of the broader effort to digitize financial transactions and minimize the risks associated with physical certificates, such as theft, damage, or loss.

Why This Matters for Investors

For investors, such certifications play an important role in ensuring that their securities are being handled in compliance with regulatory standards. Dematerialization helps in reducing the complexities involved with holding physical share certificates, allowing for quicker and safer trading, while also enhancing liquidity and transparency in the markets.

By adhering to Regulation 74(5), KCK Industries Ltd. has demonstrated its commitment to maintaining a secure and efficient system for the handling of shares, ensuring that its investors can trade with confidence. This level of compliance provides investors with the assurance that the company’s operations align with the stringent regulatory norms laid down by SEBI.

The Role of Cameo Corporate Services

The involvement of Cameo Corporate Services as the Registrar and Share Transfer Agent ensures that all securities-related activities are properly monitored and that the transfer of shares occurs smoothly. Cameo's role in confirming that no physical securities were received during the quarter is significant because it highlights the transition to an electronic system for handling shares, thus reducing the administrative burden and operational risks involved.

Conclusion

As KCK Industries Ltd. continues to comply with SEBI's regulations, this certification provides clarity for investors and stakeholders. It marks the company’s continued commitment to ensuring transparent and secure transactions in the securities market. The emphasis on electronic trading and the dematerialization of shares aligns with India’s growing trend toward modernizing financial systems and reducing reliance on physical documentation.

For more updates on KCK Industries Ltd., including their stock performance and upcoming announcements, keep an eye on financial news and official stock exchange reports.

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