V R Infraspace Limited, a prominent name in the real estate industry, has successfully complied with the SEBI (Depositories and Participants) Regulations, 2018, by submitting the confirmation certificate for the quarter ending December 31, 2024. This certificate, issued by MUFG Intime India Pvt. Ltd., the company’s Registrar and Share Transfer Agent (RTA), serves as evidence of the company's commitment to maintaining transparency and regulatory compliance.

SEBI Regulation 74(5) Compliance

As per Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, companies are required to submit a confirmation certificate from their RTA confirming the process of dematerialisation of securities. The certificate submitted by V R Infraspace confirms that the securities received from the depository participants for dematerialisation during the quarter have been processed, accepted or rejected, and the securities have been listed on the respective stock exchanges.

The regulation mandates that the securities dematerialised during the quarter should be verified, accepted, or rejected by the depositories within the prescribed timelines. V R Infraspace has adhered to these requirements, confirming the dematerialisation process was carried out efficiently and within the regulatory framework. Importantly, the company has also ensured that the security certificates were mutilated and cancelled after due verification by the depository participant, and the names of the depositories have been updated in the register of members.

Role of MUFG Intime India Pvt. Ltd.

The Registrar and Share Transfer Agent (RTA), MUFG Intime India Pvt. Ltd., plays a crucial role in managing the dematerialisation process. In its confirmation, MUFG Intime stated that the securities received for dematerialisation have been correctly processed, accepted, or rejected in accordance with the guidelines set forth by SEBI. The RTA also confirmed that the securities received for dematerialisation were appropriately cancelled and mutilated, ensuring that no further issues arise with respect to the verification of these securities.

Timeliness and Regulatory Transparency

This confirmation certificate was received from MUFG Intime India Pvt. Ltd. and submitted by V R Infraspace on January 4, 2025, ensuring that all regulatory requirements for the quarter ending December 31, 2024 were fulfilled on time. The prompt submission of the certificate reflects V R Infraspace’s commitment to regulatory transparency and adherence to the guidelines set by SEBI. The company continues to maintain high standards of compliance and integrity in all its operations.

By submitting this certificate, V R Infraspace further assures its investors and stakeholders of its efficient handling of securities and compliance with all SEBI regulations related to dematerialisation and listing of securities. These actions help build trust with investors, showing the company's dedication to maintaining high standards of governance and transparency.

The Upcoming IPOs in this week and coming weeks are Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp, Avax Apparels and B R Goyal.

The Current active IPO are   Fabtech Technologies, Davin Sons and Parmeshwar Metal.

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.