Monte Carlo Fashions Files SEBI Regulation 74(5) Compliance Certificate for Quarter Ended September 2025

Monte Carlo Fashions Limited, one of India’s most reputed names in the textile and fashion industry, has officially submitted its Regulation 74(5) compliance certificate under the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 2025.

The submission, dated October 11, 2025, was made to both BSE Limited and the National Stock Exchange of India Limited (NSE). This compliance confirmation underscores Monte Carlo Fashions’ ongoing commitment to transparency, regulatory governance, and investor confidence.

Understanding the SEBI Regulation 74(5)

Regulation 74(5) of SEBI’s Depositories and Participants Regulations, 2018 deals with the dematerialisation of securities. It mandates that when physical share certificates are submitted for dematerialisation, the Registrar and Transfer Agent (RTA) must verify and ensure that:

• The dematerialisation requests are duly processed, accepted, or rejected as per SEBI norms.

• The physical certificates are mutilated and cancelled after verification.

• The name of the depository is entered into the company’s register of members as the registered owner within the prescribed timeline.

The regulation plays a crucial role in maintaining security, integrity, and efficiency in India’s capital market system by ensuring that all transitions from physical to electronic shares follow proper procedures.

Certificate Issued by MUFG Intime India Private Limited

Monte Carlo Fashions’ Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), issued the compliance certificate on October 9, 2025.

The letter, signed by Swapnil KMM, Associate Vice-President & Head (North India) of MUFG Intime India, confirmed that all securities received for dematerialisation during the quarter were verified, accepted or rejected, and properly recorded with the depositories.

The RTA further verified that all physical share certificates received for dematerialisation were:

• Mutilated and cancelled after due verification, ensuring no duplication of securities.

• Correctly updated in the register of members, substituting the name of the depositories as registered owners within the prescribed SEBI timelines.

This meticulous process demonstrates Monte Carlo Fashions’ adherence to SEBI’s investor protection framework and its efficient handling of shareholder securities.

Submission to NSE and BSE

The official communication was made through Monte Carlo’s Company Secretary and Compliance Officer, Mr. Ankur Gauba, who confirmed the company’s compliance with SEBI’s Regulation 74(5).

The filing, submitted under reference number MCFL/CS/2025-26, was addressed to:

• BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001.

• National Stock Exchange of India Limited (NSE), Exchange Plaza, Bandra Kurla Complex, Mumbai – 400051.

The correspondence also included copies to the Vice Presidents of both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL), reinforcing transparency and prompt dissemination of information to all regulatory stakeholders.

Importance of Compliance for Listed Companies

For listed entities like Monte Carlo Fashions, Regulation 74(5) compliance is a mandatory and recurring requirement. It ensures that every transaction related to the dematerialisation of securities adheres to SEBI’s procedural and record-keeping standards.

Non-compliance or delays in such filings could lead to penalties or regulatory scrutiny. Therefore, by timely filing this certificate, Monte Carlo Fashions has once again demonstrated its commitment to governance, accuracy, and investor trust.

Such compliance filings assure investors that all their share transactions are securely processed, their holdings correctly reflected, and no irregularities occur in the movement from physical to electronic forms.

Monte Carlo Fashions: A Legacy of Excellence

Founded with a vision to bring premium quality fashion to Indian consumers, Monte Carlo Fashions Limited has grown into a leading lifestyle and apparel brand. Headquartered in Ludhiana, Punjab, the company offers a diversified product range including woollens, cotton garments, and home furnishings.

Listed on both NSE and BSE under the symbol MONTECARLO, the company continues to uphold its reputation for corporate transparency, governance, and operational efficiency.

Over the years, Monte Carlo Fashions has built a strong presence across India and international markets, earning consumer trust through its product quality and brand legacy.

MUFG Intime India: Ensuring Regulatory Integrity

MUFG Intime India Private Limited, part of the MUFG Corporate Markets division, is among India’s most reputed Registrar and Transfer Agents (RTAs).

The firm plays a pivotal role in ensuring that corporate filings, investor services, and regulatory compliance activities of listed companies are handled in accordance with SEBI’s regulations and depository frameworks.

In this instance, MUFG Intime India’s certification validates that Monte Carlo Fashions has strictly adhered to the dematerialisation process, maintaining the highest standards of regulatory discipline.

Strengthening Investor Confidence

By adhering to SEBI’s Regulation 74(5), Monte Carlo Fashions has reinforced its commitment to shareholder protection and transparency. Every such compliance assures investors that their share ownership records are well-maintained, securely managed, and legally validated.

Such periodic disclosures are a cornerstone of good corporate governance—ensuring all stakeholders, including regulators, investors, and analysts, remain informed about the company’s adherence to financial and statutory norms.

This proactive disclosure also adds value to Monte Carlo’s brand as a trustworthy listed entity in the Indian apparel sector, attracting both institutional and retail investors.

Communication Transparency and Corporate Governance

Monte Carlo Fashions has consistently maintained open communication channels with stakeholders. The company’s proactive approach towards quarterly SEBI compliances, financial reporting, and corporate announcements reflects its dedication to governance excellence.

By timely sharing its SEBI compliance certificate with stock exchanges, depositories, and investors, the company ensures that every regulatory action is visible, traceable, and auditable.

Such transparency not only ensures regulatory alignment but also enhances the brand’s credibility in the capital markets.

Role of SEBI Regulations in Market Stability

The Securities and Exchange Board of India (SEBI) has instituted various regulations to protect investors and ensure smooth functioning of the capital markets. Regulation 74(5) plays a vital role in maintaining accuracy and accountability in the dematerialisation ecosystem.

Compliance with such norms is crucial for preventing fraudulent share transfers, ensuring data integrity, and fostering investor confidence in the depository system.

By fulfilling these obligations, Monte Carlo Fashions demonstrates its support for SEBI’s broader mission—ensuring fair, transparent, and efficient markets in India.

Conclusion

Monte Carlo Fashions Limited’s timely submission of the SEBI Regulation 74(5) compliance certificate reflects its steadfast adherence to corporate governance and statutory obligations.

With confirmation from MUFG Intime India Private Limited, the company has reaffirmed that all dematerialisation processes for the quarter ended September 2025 were duly verified, executed, and recorded within prescribed timelines.

This step reinforces Monte Carlo’s position as a responsible, transparent, and investor-focused company in the Indian corporate landscape.

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