Thacker and Company Limited, one of India’s long-standing business entities, has officially submitted its Regulation 74(5) compliance certificate under the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September 2025. This submission was made to the Bombay Stock Exchange (BSE) in accordance with the mandatory filing requirements prescribed by the Securities and Exchange Board of India (SEBI).

The company, incorporated over a century ago and headquartered in Mumbai, Maharashtra, operates from its registered office at Bhogilal Hargovindas Building, Mezzanine Floor, 18/20, K. Dubhash Marg, Mumbai – 400001. Its corporate office is located at Jatia Chambers, 60 Dr. V.B. Gandhi Marg, Mumbai – 400001. The firm remains a part of the Indian corporate landscape through its continued adherence to statutory regulations and governance practices.

The Regulation 74(5) certificate pertains to the verification and confirmation of share dematerialisation activities during the reporting quarter. According to the filing, no physical share certificates were received for dematerialisation during the quarter ended 30th September 2025. The Registrar and Share Transfer Agent (RTA) of the company, Satellite Corporate Services Pvt. Ltd., issued the certificate confirming that no such transactions occurred during the specified period.

This certificate serves as an important compliance measure under the SEBI (Depositories and Participants) Regulations, 2018, ensuring that listed entities maintain transparency in handling securities and investor holdings. The regulation primarily deals with the transfer, dematerialisation, and rematerialisation of securities, which form a critical part of maintaining investor confidence in the equity markets.

Satellite Corporate Services Pvt. Ltd., located in Mumbai, issued the certification on 06th October 2025, confirming compliance with SEBI norms. The letter, signed by Michael Monteiro, Director of Satellite Corporate Services Pvt. Ltd., specifically stated that the securities mentioned were duly listed on the stock exchanges, and after verification, the certificates were mutilated and cancelled as part of standard procedure. The name of the respective depository was substituted in the company’s records as the registered owner, ensuring a complete and accurate transition in ownership data.

However, in the case of Thacker and Company Limited, there were no physical certificates received for dematerialisation during the quarter, thereby making the filing a confirmation of nil transactions. This statement reflects the company’s fully dematerialised shareholding pattern, in line with SEBI’s long-term objective of achieving complete digitisation of securities.

The letter to BSE Limited, signed by Siddhi Kul, Company Secretary and Compliance Officer of Thacker and Company Limited, further reaffirmed that the company continues to operate in compliance with all SEBI and stock exchange requirements. The company secretary holds ICSI Membership No. A76672 and is responsible for ensuring regulatory adherence in accordance with corporate governance standards.

The Regulation 74(5) compliance filing also underscores the company’s transparency in maintaining shareholder data and ensuring smooth coordination with its registrar. Bigshare Services, Link Intime, and Satellite Corporate Services Pvt. Ltd. are among the RTAs that manage securities for multiple listed entities in India, ensuring that all corporate actions and investor services are handled efficiently.

In this instance, Satellite Corporate Services Pvt. Ltd. continues to act as the official RTA for Thacker and Company Limited, managing its dematerialisation, rematerialisation, and share transfer functions. The firm, located at Dawn Mills Compound, Andheri (East), Mumbai, operates as a Category I Registrar and Share Transfer Agent, registered under Reg. No. INR000003639.

The compliance process for Regulation 74(5) involves verification of all share certificates submitted for dematerialisation during a given quarter. Once verified, the RTA ensures that the certificates are appropriately cancelled and replaced by electronic records in the respective depositories—National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). This step is essential for maintaining a seamless and tamper-proof securities transfer process within India’s regulated capital market ecosystem.

As of September 2025, Thacker and Company Limited has reported that its entire shareholding structure is in demat form, which highlights its full compliance with SEBI’s digitisation goals. This milestone signifies that all shareholders of the company hold their equity in an electronic format, reducing risks associated with loss, forgery, or misplacement of physical certificates.

The company’s consistent compliance with SEBI regulations contributes positively to its corporate governance score and reflects a high degree of operational discipline. Maintaining such compliance ensures that the company remains eligible for continued listing on the Bombay Stock Exchange (BSE), where it is traded under the scrip code 509945.

Over the years, SEBI has introduced several reforms to ensure investor protection, digitalisation of securities, and improvement in market transparency. Regulation 74(5) is a part of this framework, ensuring that listed companies regularly verify and report the status of dematerialisation requests. The regulation mandates companies, through their RTAs, to confirm that the securities mentioned in dematerialisation requests are genuine, listed, and properly updated in the company’s records.

For Thacker and Company Limited, the successful submission of this certificate without any pending physical dematerialisation cases indicates a stable and fully compliant securities management process. This also reassures investors that their holdings are secure and recorded in digital form through recognised depositories.

Furthermore, the company’s prompt and transparent communication with stock exchanges such as BSE strengthens its relationship with regulators and investors. The detailed reporting also reflects the company’s commitment to upholding SEBI’s principles of fair disclosure and corporate transparency.

Thacker and Company Limited, incorporated under CIN L21098MH1878PLC000033, remains one of India’s oldest registered firms with a legacy that spans across industries. The company continues to operate from its historical base in Mumbai and maintains a valid GST registration number 27AAACT3200A1Z7. Its commitment to regulatory adherence demonstrates its continued focus on responsible governance and investor trust.

The company’s Corporate Office and Registered Office remain actively involved in fulfilling the obligations of listed entities, particularly under the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The corporate secretarial team, led by Siddhi Kul, continues to ensure timely submissions of regulatory reports and filings.

With this filing for the quarter ended September 2025, Thacker and Company reaffirms its ongoing dedication to maintaining full transparency, accurate recordkeeping, and compliance with SEBI norms.

As the Indian capital market continues to evolve through technological transformation, such consistent filings by heritage companies like Thacker and Company Limited reflect their adaptability and willingness to align with modern regulatory standards. The digitisation of securities and elimination of physical certificates mark a crucial step towards a safer, more efficient, and investor-friendly ecosystem.

The company’s proactive approach towards maintaining compliance ensures that it remains a trusted name on the BSE platform, continuing its operations with clarity, credibility, and accountability.

In summary, the Regulation 74(5) compliance certificate filed for the quarter ending 30th September 2025 by Thacker and Company Limited marks another step in its continued commitment towards strong governance, regulatory integrity, and investor protection.

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