Krishna Defence and Allied Industries Limited, listed on the National Stock Exchange (NSE) under the symbol KRISHNADEF, has submitted its quarterly 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.

As per the regulatory filing dated April 14, 2025, the company confirmed that no requests for dematerialisation or rematerialisation of shares were received during the quarter. The compliance certificate was issued by the company’s Registrar and Share Transfer Agent, Bigshare Services Pvt. Ltd., and signed by Prasad Madiwale, Authorised Signatory.

In their formal statement, Bigshare Services declared:

"The entire holding of the company’s shares is in dematerialised form. As such, the provisions of Regulation 74(5) are not applicable for this quarter. There have been no requests for dematerialisation or rematerialisation of shares received from any members."

This update reflects that Krishna Defence maintains 100% of its shareholding in demat format, aligning with SEBI’s push for increased transparency and efficient share transfer mechanisms in listed companies.

Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, mandates that depository participants must ensure that all share certificates received for dematerialisation are cancelled and that appropriate entries are made in the records of the issuer. Companies are required to confirm this compliance every quarter. In the case of Krishna Defence, since there were no share certificate movements, the regulation does not apply for the period under review.

Managing Director Ankur Ashwin Shah, in his submission to the NSE, reiterated the company’s compliance posture and emphasized the importance of maintaining transparent shareholder communication.

About Krishna Defence and Allied Industries Ltd.

Krishna Defence and Allied Industries Ltd. operates in the manufacturing and supply of defence-related products, serving both Indian defence and commercial sectors. The company has a track record of serving entities like the Indian Navy and other public sector undertakings with specialised products and solutions. Its adherence to regulatory frameworks such as SEBI’s Listing Obligations and Disclosure Requirements (LODR) and depository norms reflects its commitment to corporate governance and investor transparency.

The company continues to maintain strong compliance protocols, and this quarterly update is another example of its proactive approach to investor relations and operational discipline.

About Bigshare Services Pvt. Ltd.

Bigshare Services Pvt. Ltd. is a SEBI-registered Registrar and Transfer Agent (RTA), serving as a crucial intermediary between listed companies and their shareholders. Their responsibilities include maintaining shareholder records, processing transfer requests, and facilitating compliance filings like those under Regulation 74(5). Their confirmation that Krishna Defence received no demat or remat requests reinforces the company’s streamlined shareholding structure.

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