Sagar Diamonds Ltd. Confirms No Physical Share Transfers or Transmission for FY2025

K N Mishra

    10/May/2025

What's covered under the Article:

  1. Sagar Diamonds Ltd. confirms no physical share transfer requests were received for FY2025.

  2. No requests for physical share transmission or changes like split or consolidation during FY2025.

  3. SEBI regulation 40(9) compliance certificate issued for the period from April 1, 2024, to March 31, 2025.

Sagar Diamonds Ltd. has issued a certificate under Regulation 40(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the period from April 1, 2024, to March 31, 2025. The certificate is based on an examination of relevant records maintained by the company's Registrar and Share Transfer Agent (RTA), Bigshare Services Pvt. Ltd.

As per the certificate, Sagar Diamonds Ltd. confirms that there have been no requests for the registration of transfer of physical shares during the specified period. Additionally, no requests for transmission of physical shares have been received during this time. This indicates that all shareholder activities related to physical shares were minimal, with no changes or transactions involving physical shares during FY2025.

The certificate also highlights that there were no requests for share split, consolidation, renewal, exchange, or endorsement of calls/allotment monies. This shows that the company's share structure remained unchanged in terms of physical shareholding actions, such as the splitting or consolidating of shares.

In accordance with Regulation 40(9) of the SEBI Listing Obligations and Disclosure Requirements, which mandates the issuance of such certificates for the smooth functioning of share transfers, Sagar Diamonds Ltd. has complied with all necessary regulations for the period. This ensures that the company remains in good standing with the SEBI and fulfills its obligations towards maintaining proper records for the transfer and management of shares.

The certificate was issued by Manjula Poddar, a certified company secretary (C.P.No: 11252) based in Kolkata, who confirmed the accuracy of the records and the compliance with regulatory requirements. The certificate provides shareholders and other interested parties with assurance that the share transfer process and related activities have been in accordance with SEBI's guidelines, ensuring transparency and adherence to the rules.

It is essential for companies to maintain accurate records of their share transfers, and this certificate is an important part of that process. Shareholders can rest assured that Sagar Diamonds Ltd. has adhered to regulatory requirements and maintained a proper record of transactions related to physical shares. This type of certification is crucial for compliance purposes and helps the company maintain investor confidence in its operations.

The certificate, issued on May 9, 2025, emphasizes that no discrepancies or issues have been identified in the management of the company's physical share transfers and transmissions. As the company looks ahead, it will continue to maintain these practices, ensuring that all future share-related transactions are handled with utmost care and in full compliance with SEBI regulations.

In conclusion, Sagar Diamonds Ltd.'s certification of no physical share transfers or transmissions for the fiscal year 2025 is a reflection of its commitment to maintaining transparency and regulatory compliance. Investors and stakeholders can trust that the company's share transfer practices are in line with the SEBI regulations and will continue to uphold the highest standards of corporate governance.

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