UCAL Limited, a leading player in the automotive sector, has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018 for the quarter ending December 31, 2024. The certificate confirms adherence to regulatory norms concerning the dematerialisation of securities and the management of corresponding certificates.

This filing was accompanied by a formal letter from Integrated Registry Management Services Private Limited, the company’s Registrar and Transfer Agent (RTA). The letter outlines the processes undertaken during the quarter to ensure regulatory compliance and effective record management for shareholders.

Compliance Details and Process

As per the compliance certificate, all securities received for dematerialisation during the quarter were confirmed, either accepted or rejected, by the RTA to the depositories and stock exchanges. Furthermore, securities processed for dematerialisation were:

• Mutilated and cancelled after due verification.
• The names of the depositories were substituted in the register of members as registered owners within 15 days, ensuring transparency and accuracy.

This compliance step is critical in aligning the company’s operations with SEBI regulations and maintaining shareholder trust by safeguarding the securities transaction process.

Role of Integrated Registry Management Services

The Chennai-based Integrated Registry Management Services Private Limited played a pivotal role in facilitating the process. Acting as the RTA for UCAL Limited, the firm ensured that all steps in the dematerialisation process adhered to regulatory standards. Their confirmation letter highlights a meticulous approach to record management, ensuring securities were handled with utmost care and listed accurately on the stock exchanges.

Implications for UCAL Limited

This submission underscores UCAL Limited’s commitment to corporate governance and regulatory compliance. Such adherence not only builds investor confidence but also reflects the company’s dedication to maintaining high standards of operational efficiency.

UCAL Limited, formerly known as UCAL Fuel Systems Limited, operates out of its registered office in Chennai and is a significant contributor to the automotive industry's supply chain. By maintaining compliance with SEBI (Depository and Participants) Regulations, 2018, the company continues to demonstrate its proactive approach to managing its responsibilities as a publicly listed entity.

Looking Ahead

With this submission, UCAL Limited has ensured compliance for the December 2024 quarter, paving the way for seamless financial reporting and transparency. The move further strengthens its position in the market, aligning with its long-term vision of operational excellence and stakeholder satisfaction.

The Upcoming IPOs in this week and coming weeks are Sat Kartar Shopping,Barflex Polyfilms.

The Current active IPO are   Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp, Avax Apparels, B R Goyal, Fabtech Technologies.

For more updates on executive appointments and other business developments, we encourage readers to explore related news and articles, including the latest on IPOs, share market updates, and financial strategies at:
Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi
Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News- Finance Saathi.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.