Maheshwari Logistics Limited, a prominent player in the logistics sector, has issued a formal statement to the National Stock Exchange of India Limited (NSE) confirming that the Certificate for Compliance under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 is not applicable for the quarter ending March 31, 2025.

Regulatory Context:

Under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, listed companies are required to submit a certificate from the Registrar and Share Transfer Agent (RTA) to the stock exchange, confirming that the securities of the company are held in dematerialized (demat) form. However, companies where all shares are held in demat form and no requests for rematerialisation or dematerialization are received are exempt from submitting the compliance certificate.

Confirmation from Maheshwari Logistics:

In its letter to the NSE, Maheshwari Logistics Limited confirmed that as of the quarter ended March 31, 2025, the entire holding of the company’s shares is in demat form. Additionally, the company has not received any requests from its shareholders for rematerialisation or dematerialization during this period.

As a result, Regulation 74(5) is not applicable to Maheshwari Logistics, and the company is not required to submit the Certificate for Compliance. The company has enclosed the confirmation provided by their Registrar and Share Transfer Agent, Bigshare Services Pvt. Ltd., which verifies the status of the company's shares as per the regulatory requirements.

Bigshare Services Pvt. Ltd. Involvement:

The Certificate for Compliance under Regulation 74(5) was duly provided by Bigshare Services Pvt. Ltd., the official Registrar and Share Transfer Agent (RTA) for Maheshwari Logistics. Bigshare Services also confirmed that the company’s shares are entirely held in demat form, reinforcing that no rematerialisation or dematerialization requests were received during the quarter in question.

Conclusion:

In conclusion, Maheshwari Logistics Limited has ensured that it remains fully compliant with the relevant SEBI regulations by confirming the non-applicability of the Certificate for Compliance under Regulation 74(5) for the quarter ending March 31, 2025. This exemption applies due to the company's shares being held in demat form without any rematerialization requests, ensuring that they continue to meet the streamlined compliance obligations set for companies in this position.

This clarity from Maheshwari Logistics and its RTA ensures transparency and smooth regulatory procedures, maintaining the company's adherence to SEBI guidelines while focusing on its core operations in the logistics sector.

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