The Lakshmi Mills Company Limited, a historic textile manufacturer headquartered in Coimbatore, has reaffirmed its commitment to corporate transparency and investor protection by filing its quarterly Regulation 74(5) compliance certificate with the BSE Limited.

This certificate, covering the quarter ended 30 June 2025, is a regulatory requirement under the SEBI (Depositories and Participants) Regulations, 2018. By completing this disclosure, Lakshmi Mills underscores its dedication to maintaining accurate shareholder records and complying with market regulations, critical aspects for any publicly listed company in India.

Background on SEBI Regulation 74(5)
Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 ensures that dematerialisation requests received from investors are handled in a timely, secure, and transparent manner.

Dematerialisation is the process of converting physical share certificates into electronic form maintained in depositories like NSDL and CDSL. It is essential for:

• Eliminating fraud associated with physical certificates

• Enabling smooth transfer and trading of shares

• Reducing paperwork and ensuring secure record-keeping

To maintain trust in the capital markets, SEBI requires companies and their Registrar and Transfer Agents (RTAs) to confirm that:

• Securities received for dematerialisation have been verified

• Physical certificates are mutilated and cancelled after due verification

• Depositories are promptly updated as registered owners within 15 days of receipt

• Dematerialised securities remain listed on stock exchanges

Lakshmi Mills’ Filing Details
In its letter dated 05 July 2025, Lakshmi Mills Company Limited confirmed compliance with these obligations to BSE Limited.

The letter, signed by N. Singaravel, Company Secretary, states that MUFG Intime India Pvt. Ltd., the company's Registrar and Transfer Agent (RTA), has provided the necessary confirmation.

Key points from Lakshmi Mills’ communication:

• Demat requests received for the quarter ending 30 June 2025 were processed diligently.

• Physical share certificates were mutilated and cancelled after verification.

• Depository records were updated with the new registered owner details within the prescribed 15-day period.

• All dematerialised securities remain listed on the BSE, ensuring complete alignment with listing requirements.

Such proactive communication helps maintain market integrity, investor trust, and compliance transparency—critical for the reputation of any publicly listed company.

Confirmation from MUFG Intime India Pvt. Ltd.
MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.) is one of India’s leading RTAs, responsible for processing shareholder records and dematerialisation requests for numerous listed companies.

In their confirmation letter dated 04 July 2025, Ashok Shetty, Vice President – Corporate Registry, formally verified that:

• All securities received from Depository Participants for dematerialisation during the quarter ending 30 June 2025 were processed accurately.

• After due verification, physical certificates were mutilated and cancelled.

• Depositories were updated as registered owners within the statutory time limit.

• All such securities remained listed on the stock exchanges.

MUFG Intime India Pvt. Ltd. has also confirmed its role as a compliant, trusted intermediary facilitating seamless shareholder service for Lakshmi Mills.

Importance of Dematerialisation Compliance
Dematerialisation is a pillar of India’s capital market reforms. Introduced to modernise and secure the trading system, demat processes have:

• Eliminated risks of loss, theft, or forgery of physical certificates.

• Enabled fast settlement cycles and efficient trading.

• Ensured transparent ownership records in the depositories’ electronic systems.

SEBI’s Regulation 74(5) exists to ensure companies and RTAs don’t delay this crucial process. Non-compliance can lead to:

• Regulatory penalties.

• Loss of investor confidence.

• Potential trading restrictions on stock exchanges.

By demonstrating diligent compliance, Lakshmi Mills reassures stakeholders about the integrity of its shareholding records.

Lakshmi Mills: A Legacy of Transparency
Founded in 1910, Lakshmi Mills has built its legacy on quality textiles, professional management, and sound corporate governance.

Listed on the BSE Limited (ISIN: INE938C01019, Scrip Code: 502958), the company has consistently prioritised shareholder protection and regulatory compliance.

This latest filing is another example of its approach to:

• Full transparency with regulators and investors.

• Adherence to SEBI and stock exchange rules.

• Investor-friendly communication, keeping the market fully informed.

SEBI’s Role in Investor Protection
The Securities and Exchange Board of India (SEBI), as the capital market regulator, has issued the Depositories and Participants Regulations, 2018 to:

• Ensure robust depository systems.

• Protect investor rights.

• Maintain market integrity.

SEBI’s Regulation 74(5) enforces a clear process for dematerialisation, requiring companies to maintain strict timelines and accurate record-keeping.

Failure to comply can undermine investor trust, distort the market’s functioning, and trigger regulatory scrutiny.

MUFG Intime India Pvt. Ltd.: Trusted Partner for Compliance
MUFG Intime India Pvt. Ltd., formerly Link Intime India Pvt. Ltd., is part of the MUFG Corporate Markets division.

As a Registrar and Transfer Agent, it plays a crucial role in:

• Processing investor service requests (transfers, demats, remats).

• Maintaining shareholder records.

• Ensuring SEBI compliance for dematerialisation timelines.

By partnering with a trusted RTA, Lakshmi Mills ensures professional, reliable, and compliant shareholder services, benefiting its investor community.

Corporate Governance and Investor Confidence
Strong corporate governance practices demand not only regulatory compliance but also proactive disclosure.

By promptly filing its Regulation 74(5) certificate, Lakshmi Mills demonstrates:

• Transparency in its shareholding processes.

• Commitment to protecting investor interests.

• Alignment with global best practices for listed companies.

Such steps help the company:

• Maintain market credibility.

• Attract investors seeking well-governed companies.

• Strengthen long-term shareholder relationships.

Conclusion
The Lakshmi Mills Company Limited has once again shown its commitment to investor protection and regulatory compliance by submitting its Regulation 74(5) certificate for the quarter ending 30 June 2025.

Through diligent processes with MUFG Intime India Pvt. Ltd., the company has ensured that:

• All dematerialisation requests were handled within SEBI timelines.

• Physical certificates were securely destroyed after verification.

• Depositories were updated accurately as registered owners.

• Investors can trust the integrity of Lakshmi Mills’ shareholding records.

Such compliance is not merely a statutory requirement—it’s a promise of good governance and respect for shareholder rights, cornerstones of India’s dynamic and evolving capital markets.

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