Sangani Hospitals Limited, a healthcare company based in Keshod, Gujarat, has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018. The certificate pertains to the quarter ending March 31, 2025, and has been submitted to the National Stock Exchange of India Limited (NSE) where the company is listed under the symbol SANGANI.

In a formal communication dated April 14, 2025, Mr. Ajaykumar Natavarlal Sangani, Managing Director of Sangani Hospitals Limited, affirmed that the certificate issued by the company’s Registrar and Share Transfer Agent (RTA)—Bigshare Services Pvt. Ltd.—has been enclosed with the filing.

Key Highlights of the Disclosure:

• Regulatory Context: Regulation 74(5) mandates every issuer to confirm that securities received for dematerialisation have been cancelled and that appropriate entries have been made in the records. This must be certified by the RTA and submitted to stock exchanges.

• Certificate Confirmation: In a letter dated April 8, 2025, Bigshare Services Pvt. Ltd., acting as the RTA for Sangani Hospitals, certified that:

  • The entire holding of Sangani Hospitals' shares is in dematerialised form.

  • No dematerialisation or rematerialisation requests were received from any shareholders during the January to March 2025 quarter.

  • Hence, Regulation 74(5) is not applicable in terms of active processing during the quarter.

• Background References: The RTA’s response was based on:

  • SEBI’s guidelines: NSDL/CIR/II/5/2019 and DSL/OPS/RTA/POLICY/2019/14, both dated January 25, 2019

  • SEBI’s letter MRD/DOP2/DSA2/OW/2019/2498/1 dated January 24, 2019, which clarifies the procedural requirements around Regulation 74(5) reporting

Implications of the Filing:

Sangani Hospitals Limited has fulfilled a key regulatory requirement by ensuring timely and accurate disclosure to the stock exchange. Although the company did not process any demat or remat requests, filing this nil-report is part of SEBI’s broader push for corporate transparency and investor protection.

By proactively submitting the certification, Sangani Hospitals demonstrates:

• A strong corporate governance framework

• Operational efficiency in managing its shareholding structure

• Adherence to SEBI norms on continuous disclosure obligations

Role of Bigshare Services Pvt. Ltd.:

Bigshare Services, acting as the RTA, plays a pivotal role in maintaining investor records and ensuring seamless share transfer processes for listed companies. In this instance, the RTA’s confirmation letter, signed by Mr. Prasad Madiwale, Authorised Signatory, assures the stock exchange that no investor actions related to share materialisation or dematerialisation took place in Q4 FY2025.

This submission is a part of routine compliance but remains essential to SEBI’s goal of maintaining a transparent and orderly securities market.

About Sangani Hospitals Limited:

Sangani Hospitals Limited, headquartered in Junagadh, Gujarat, is focused on providing quality healthcare services. Incorporated in 2021, the company is relatively new to the public markets but has consistently demonstrated its intent to operate within a regulatory-compliant and shareholder-friendly framework.

Conclusion:

Sangani Hospitals’ submission under Regulation 74(5) for the quarter ending March 31, 2025, is a routine yet critical disclosure, underscoring the company’s compliance-first approach. By confirming that all shares are held in electronic format and that no materialisation actions were initiated, the company reiterates its modern governance practices aligned with the expectations of the Indian capital markets.

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