Polyspin Exports Limited, a listed company under Scrip Code: 539354, has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2025 (Q1 FY26). The company’s official communication, dated July 3, 2025, addressed to BSE Limited, confirms the successful filing of the required certificate via its Registrar and Transfer Agent (RTA), Integrated Registry Management Services Private Limited.

The certificate issued by Integrated Registry, dated July 2, 2025, verifies that all securities received for dematerialisation from Depository Participants during the said quarter were duly processed, confirmed, and communicated to the depositories. These securities were either accepted or rejected in compliance with the applicable regulatory norms, and the process was completed within the required timelines.

The 74(5) certificate plays a critical role in ensuring that the physical securities submitted for dematerialisation are properly handled by the RTA. In this instance, the RTA confirmed that all security certificates received were mutilated and cancelled after thorough verification and subsequently, the name of the depositories was entered in the register of members as the registered owner within 15 days, as mandated.

This regulatory filing is a routine yet crucial disclosure, signifying Polyspin Exports Limited’s commitment to maintaining transparent and SEBI-compliant shareholder records. The 74(5) regulation under SEBI (Depositories and Participants) Regulations, 2018 is specifically designed to protect investor interests and ensure seamless transition from physical to dematerialised securities.

Mr. A. Emarajan, the Company Secretary and Compliance Officer of Polyspin Exports, affirmed the company’s adherence to these regulations and submitted the communication to the BSE, enclosing the certificate issued by their RTA. This quarterly process highlights the company’s internal governance strength and reliability in regulatory matters.

The Registrar and Transfer Agent, Integrated Registry Management Services Private Limited, headquartered in Chennai, is responsible for processing dematerialisation requests and maintaining accuracy in the company’s investor database. The confirmation certificate reflects that the company’s equity shares dematerialised during the quarter were also listed on the stock exchanges, providing further assurance to investors.

The SEBI regulation under which this filing was made, Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, mandates that upon receiving a request for dematerialisation of securities:

• The RTA must cancel the physical certificate,

• Confirm the demat request to the depository,

• Substitute the name of the depository as the registered owner in the register of members, and

• Complete this process within 15 days of the demat request being submitted.

By confirming compliance with this regulation, Polyspin Exports Limited ensures that it is maintaining proper corporate practices, which are key to maintaining investor confidence and regulatory integrity. The company’s action also reflects its continued commitment to transparency, efficiency, and timely disclosures, all of which are essential parameters under SEBI’s corporate governance framework.

This development is particularly important for shareholders and market participants who track regulatory filings to assess the governance standards of listed companies. Such filings also play a role in shaping investor sentiment and reflect the robustness of internal control mechanisms in handling sensitive processes such as dematerialisation and updating of shareholder data.

In the broader context, SEBI’s push towards digitisation and dematerialisation aims to reduce fraud, increase efficiency, and bring about greater accountability among market participants. Timely compliance with Regulation 74(5) ensures that no duplicate securities are circulated and that there’s an accurate representation of holdings in the electronic form, a key driver in India’s capital market reforms.

For Polyspin Exports, a company engaged in manufacturing and exports, continued focus on compliance not only safeguards shareholder interests but also enhances its credibility on stock exchanges. Timely filings like this one are a reflection of operational discipline, which in turn, supports the broader objective of strong corporate governance and investor protection.

This filing for the quarter ending June 30, 2025, thus serves as an assurance to both regulators and shareholders that Polyspin Exports Limited remains fully aligned with SEBI's regulatory framework, reinforcing its commitment to transparency, integrity, and legal compliance. It also reinforces the importance of Registrar and Transfer Agents like Integrated Registry, whose role is pivotal in maintaining accuracy and compliance in securities record-keeping.

In conclusion, the successful submission of the SEBI 74(5) compliance certificate by Polyspin Exports Limited, certified by Integrated Registry Management Services Private Limited, is a vital regulatory update that strengthens trust in the company’s corporate governance standards and ensures continued confidence among stakeholders, shareholders, and the investing community.

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