Krishival Foods Limited (formerly Empyrean Cashews Limited) has submitted a Compliance Certificate under Regulation 74(5) of the Securities and Exchange Board of India (SEBI) (Depositories and Participants) Regulations, 2018, for the quarter ending March 31, 2025. This submission confirms that the company has adhered to the procedural requirements for dematerialization of securities and met the compliance standards set by SEBI for publicly listed entities.

The Compliance Certificate was submitted on April 3, 2025, and includes crucial information about the handling of dematerialization requests received from depository participants for the quarter ending March 31, 2025.

Details of the Compliance Certificate Submission

As per the regulations, Krishival Foods has confirmed that securities received from depository participants for dematerialization during the specified quarter were accepted or rejected by the company. Additionally, the company confirmed that the securities were properly listed on the stock exchanges, ensuring full compliance with regulatory standards.

Key Highlights of the Compliance Certificate

1. Dematerialization Confirmation: The securities received for dematerialization were duly confirmed or rejected by Krishival Foods in accordance with SEBI regulations.

2. Stock Exchange Listing: The securities dematerialized in the quarter have been successfully listed on the stock exchanges, ensuring they are in line with the previous issued securities.

3. Mutilation and Cancellation of Physical Certificates: Security certificates received for dematerialization were carefully mutilated and cancelled after verification by the depository participant. The names of the depositories were updated in the register of members as the registered owners within the prescribed timelines.

Role of Purva Sharegistry (India) Pvt. Ltd.

The Compliance Certificate was issued by Purva Sharegistry (India) Pvt. Ltd., the Registrar and Transfer Agent (RTA) for Krishival Foods. The company confirmed that all procedures related to dematerialization have been handled properly, including the mutilation and cancellation of physical certificates, and that they were in compliance with the timelines set by SEBI.

Implications for Krishival Foods and Shareholders

This submission reflects Krishival Foods' ongoing commitment to adhering to regulatory norms and improving its corporate governance standards. By ensuring that the process of dematerializing securities is smooth and compliant, Krishival Foods is also promoting transparency and efficiency in its financial operations.

For investors and shareholders, this means that their physical shares have been processed and converted into electronic form, which is more secure and easily transferable. Dematerialization is a key step in modernizing financial transactions and streamlining the trading process.

Conclusion

Krishival Foods Limited's timely submission of the Compliance Certificate for the quarter ending March 31, 2025, demonstrates its commitment to regulatory compliance and efficient securities management. By aligning with SEBI regulations, the company ensures that it remains on track with best practices in the securities market, benefiting both the company and its shareholders.

This process underscores Krishival Foods' commitment to corporate transparency and its dedication to facilitating smooth operations in stock exchanges. Shareholders can rest assured that their investments are securely managed in compliance with all relevant legal and regulatory frameworks.

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