Vardhman Acrylics Limited, a leading player in the Indian textile industry, has officially submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 to the National Stock Exchange of India Limited (NSE). The company has affirmed that for the quarter ended 31st March 2025, there were no requests for dematerialization of equity shares from any depository participant.

This disclosure was made through an official communication dated 4th April 2025, issued by Satin Katyal, the Company Secretary of Vardhman Acrylics Limited. The letter confirms adherence to the specified regulatory norms and includes the original certificate issued by the company’s Registrar and Share Transfer Agent, MCS Share Transfer Agent Ltd, located in Mumbai.

Certificate Highlights from MCS Share Transfer Agent Ltd:

The certificate, dated 1st April 2025, was addressed to the Company Secretary of Vardhman Acrylics. It mentions the following key details:

• The ISIN of the Company is INE116G01013.

• No dematerialization requests were received from any depository participants for the company’s equity shares during the reporting period, i.e., Q4 FY25.

• The statement is issued in compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, ensuring transparency and proper reporting.

The certificate was signed by Subodh Vichare, Branch Head of MCS Share Transfer Agent Ltd, confirming the data's accuracy and the RTA’s fulfillment of responsibilities as per regulatory requirements.

About SEBI Regulation 74(5):

Regulation 74(5) mandates that the issuer company must ensure that all securities dematerialized during a particular quarter are properly recorded and reported. It is also required that the Registrar and Share Transfer Agent (RTA) provides a certificate to the effect that they have:

• Received no objection certificate (if applicable) from the depository participants,

• Ensured the cancellation and destruction of physical certificates (in case of successful demat),

• Notified the issuer company of the completion of the dematerialization process.

In Vardhman Acrylics’ case for the quarter ending March 31, 2025, since no such requests were received, the certificate reflects a nil statement confirming no activity regarding dematerialization.

Regulatory Compliance and Transparency:

The timely submission of this certificate reinforces Vardhman Acrylics Limited’s commitment to regulatory compliance and governance standards. Ensuring such declarations are filed within the stipulated time frame is a critical aspect of corporate transparency and reinforces stakeholder trust.

This update has been simultaneously shared with:

• National Securities Depository Limited (NSDL), and

• Central Depository Services (India) Limited (CDSL).

These communications ensure that both depositories are kept informed about the status of dematerialization within the company and maintain updated records in their systems.

About Vardhman Acrylics Limited:

Vardhman Acrylics Limited is a flagship company of the Vardhman Group, which has a robust presence across various textile domains, including yarns, fabrics, threads, garments, fibres, and even steels. The company is headquartered in Ludhiana, Punjab, and has consistently demonstrated corporate discipline and proactive communication with stock exchanges and regulatory authorities.

With a legacy dating back to 1965, the group is known for delivering excellence across the textile value chain. Vardhman Acrylics is listed on the National Stock Exchange of India (NSE) under the scrip code VARDHACRLC.

Conclusion:

The recent submission by Vardhman Acrylics Limited to the NSE for the quarter ending March 31, 2025, reiterates its proactive approach to compliance and transparency. The certification under Regulation 74(5) confirms that the company had no demat requests during Q4 FY25, showcasing a clean compliance record.

By maintaining seamless coordination with its Registrar and Share Transfer Agent and promptly informing all relevant depositories and the stock exchange, the company continues to build investor confidence and uphold the highest standards of governance.

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