Total Transport Systems Limited (TTSL) has issued a statement regarding its compliance with SEBI (Depositories and Participants) Regulations, 2018 for the quarter ending December 31, 2024. The company has confirmed that no REMAT (Rematerialization) requests were received during this period, based on a certificate issued by its Registrar and Transfer Agent (RTA), Bigshare Services Pvt. Ltd.

This confirmation serves as a reassurance that the company's entire shareholding remains in dematerialized form, as required by SEBI regulations. Under Regulation 74(5) of the SEBI Depository Rules, listed companies are obligated to ensure that all their shares are maintained in dematerialized format, and any requests for rematerialization must be duly reported to the National Stock Exchange (NSE).

For the quarter in question, TTSL clarified that they did not receive any rematerialization requests, which means that the company’s shareholding continues to be fully electronic. This is a significant step in ensuring efficient and transparent trading practices, as dematerialized shares offer increased security and easier transferability compared to physical shares.

SEBI Regulation 74(5) is designed to ensure that listed companies maintain an organized and regulated system for shareholding and the transfer of securities. By confirming that no REMAT requests were received for the quarter, TTSL is adhering to the best practices of corporate governance, ensuring that the trading of its shares on platforms such as the NSE is fully aligned with legal and regulatory frameworks.

It is also worth noting that TTSL’s Registrar and Transfer Agent, Bigshare Services Pvt. Ltd., plays a crucial role in maintaining the dematerialization of shares and managing requests such as REMAT. The certification from Bigshare Services confirms that there were no discrepancies in this regard during the quarter.

Such efforts help maintain transparency in capital markets and ensure that the stock market functions smoothly, providing a secure platform for both investors and companies. For Total Transport Systems Limited, maintaining compliance with these regulations ensures the confidence of its investors and stakeholders.

Why is This Important?

Compliance with SEBI regulations helps companies like TTSL avoid any legal or procedural challenges in the stock market. By ensuring that shares are dematerialized and that there are no pending REMAT requests, the company is positioning itself as a compliant and trustworthy entity in the eyes of its investors. This strengthens their corporate governance framework and ensures that the company adheres to the highest standards of financial reporting and shareholder protection.

For those interested in staying updated on the latest happenings in the stock market and IPO news, it is crucial to follow the latest updates and regulations surrounding public companies and their compliance measures. Companies such as TTSL, which adhere to SEBI guidelines, set a strong example of maintaining investor trust through transparent practices.

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