Polyspin Exports Limited has received a Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December 2024. This certificate was issued by Integrated Registry Management Services Private Limited, which is the company's Registrar and Transfer Agent.

The certification verifies the proper handling of securities for dematerialization during the quarter in question, ensuring that they were processed accurately and in compliance with regulatory requirements. The certificate confirms that the securities received from the Depository Participants during this period have been accepted or rejected, and all securities involved have been listed on the stock exchanges.

In addition to the confirmation of the dematerialization process, the certificate also attests that the security certificates received for dematerialization have been mutilated and cancelled after proper verification by the Depository Participant. This is in accordance with SEBI's regulations that mandate such actions to prevent the misuse of physical securities. Furthermore, the company has ensured that the depository's name has been substituted in the register of members as the registered owner within the required 15-day period, confirming the completion of the process.

This action is part of Polyspin Exports’ commitment to maintaining compliance with SEBI regulations regarding the dematerialization of securities, which simplifies the trading and transfer of securities, making them more efficient and secure. Dematerialization involves converting physical shares into electronic form, reducing the risks associated with physical share certificates, such as loss, theft, or forgery.

Key Points:

1. Regulation 74(5) of SEBI mandates the confirmation of securities received for dematerialization and their proper listing on the stock exchanges.
2. Integrated Registry Management Services confirmed that all security certificates received for dematerialization were mutilated and cancelled, and that the depositories were properly listed as registered owners.
3. The company has ensured timely compliance with the statutory requirements, with the substitution of depository names in the register completed within the prescribed 15-day timeframe.

About Polyspin Exports Limited

Polyspin Exports Ltd. is a recognized player in the textile industry, specializing in the production and export of a variety of textile products. The company’s strong compliance record is an indication of its commitment to maintaining transparency, regulatory adherence, and operational excellence. The company has successfully demonstrated its ongoing commitment to SEBI regulations and stock exchange listing requirements, ensuring a seamless flow of operations in line with market standards.

For further updates on Polyspin Exports Ltd. and its corporate governance practices, stay connected with the latest regulatory news on compliance and dematerialization processes.

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