Veer Global Infraconstruction Limited, a company listed on the Bombay Stock Exchange (BSE) under BSE Listing Code 543241, has officially filed its Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 June 2025.

This filing represents a standard but crucial part of listed-company compliance in India’s capital markets, demonstrating Veer Global’s commitment to regulatory transparency and investor protection.

What is SEBI Regulation 74(5)?
Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, requires every issuer or its Registrar and Share Transfer Agent (RTA) to confirm that:

• Securities received for dematerialisation were processed correctly (accepted or rejected).

• Physical share certificates were mutilated and cancelled post-verification to avoid duplication or fraud.

• The register of members was updated to reflect the depositories (NSDL or CDSL) as the registered owners, within prescribed timelines.

This regulation exists to ensure complete integrity in dematerialisation, protecting investors and maintaining trust in India’s financial markets.

Veer Global’s Compliance Filing to BSE
On 05 July 2025, Veer Global Infraconstruction Limited sent an official letter to the Bombay Stock Exchange Limited, addressed to the Assistant Manager of the Department of Corporate Affairs.

Key details from the letter:

• Date: 05.07.2025

• Subject: Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

• BSE Listing Code: 543241

• Signed by: Vijaybhai Vagjibhai Bhanshali, Managing Director (DIN: 05122207).

• Enclosure: Certificate from Purva Sharegistry (India) Pvt. Ltd., the company's Registrar and Share Transfer Agent (RTA).

This communication formally submits the certificate confirming dematerialisation compliance for the April–June 2025 quarter.

Role of the Registrar and Share Transfer Agent (RTA)
Veer Global’s appointed RTA is Purva Sharegistry (India) Pvt. Ltd..

What is an RTA?
An RTA is a SEBI-registered intermediary that acts as the key link between the company, its shareholders, the depositories, and the stock exchanges.

Primary responsibilities include:

• Processing dematerialisation and rematerialisation requests.

• Verifying share certificates for authenticity.

• Cancelling physical certificates post-verification to prevent fraud.

• Updating the company’s register of members with the depositories’ details.

• Managing corporate actions, investor correspondence, and other share registry functions.

By partnering with an experienced RTA, companies like Veer Global ensure SEBI compliance and smooth investor servicing.

Content of the RTA’s Certificate
The certificate enclosed with Veer Global’s letter is dated 01 July 2025 and was issued by Ms. Deepali Dhuri, Compliance Officer at Purva Sharegistry (India) Pvt. Ltd.

Key confirmations in the certificate:

• All securities received for dematerialisation from depository participants during the quarter ended June 2025 were processed appropriately (either accepted or rejected).

• Securities that were dematerialised were mutilated and cancelled after due verification to prevent any possibility of reuse.

• The register of members was updated with the name of the depositories as the new registered owners within SEBI’s prescribed timelines.

These confirmations are critical to demonstrate that investor holdings are secure, authentic, and fully dematerialised, maintaining market integrity.

Dematerialisation: Why It Matters
Dematerialisation is the process of converting physical share certificates into electronic form. It is a cornerstone of India’s modern capital market infrastructure.

Benefits include:

• Eliminates risks of loss, theft, and forgery of physical certificates.

• Ensures faster and more secure transfer of securities.

• Reduces paperwork and processing time.

• Enhances transparency and investor confidence.

SEBI’s regulations, including Regulation 74(5), ensure that every demat request is processed in a way that eliminates the possibility of fraud and keeps records updated and consistent across registries, depositories, and stock exchanges.

Company’s Disclosure to Stock Exchange
Veer Global Infraconstruction Limited’s letter, formally uploaded to BSE’s website, includes all essential elements:

• Company letterhead with CIN: L45309MH2012PLC225939.

• Complete registered office address in Nallasopara, Thane, Maharashtra.

• Contact details including phone and email.

• Clear mention of SEBI Regulation 74(5) and the quarter ending 30 June 2025.

• Signature of the Managing Director with DIN.

• Enclosure of the original RTA-issued certificate.

Such transparency reassures investors, analysts, and regulators that the company is fully compliant with SEBI’s requirements.

Stock Market Compliance Culture in India
SEBI has taken strong steps to ensure that all listed companies maintain a culture of compliance and disclosure.

Regulation 74(5) is part of this framework, requiring quarterly certifications to prove that share dematerialisation has been processed securely.

Advantages of such regulation:

• Protects investors against duplicate shares or forged transfers.

• Builds trust in the dematerialisation system.

• Ensures uniformity and accountability among issuers and RTAs.

• Makes auditing and oversight easier for regulators.

Veer Global’s filing is part of this broader ecosystem of compliance and investor protection.

Purva Sharegistry (India) Pvt. Ltd.’s Professional Role
As the RTA, Purva Sharegistry (India) Pvt. Ltd. is entrusted with executing and certifying the entire dematerialisation process.

Their responsibilities for Veer Global include:

• Accepting dematerialisation requests from NSDL and CDSL participants.

• Verifying authenticity of share certificates.

• Ensuring physical certificates are mutilated and cancelled to prevent misuse.

• Confirming instructions to depositories within SEBI’s prescribed timelines.

• Updating registers of members to reflect the depositories as owners.

Their certification letter explicitly confirms all these steps were completed correctly for the April–June 2025 quarter.

Details on Dematerialisation Activity
The enclosed details show no share certificates were actually dematerialised during this period (all columns marked NIL).

This is normal and acceptable—it simply means no shareholder initiated a dematerialisation request during the quarter.

Yet even with NIL transactions, SEBI requires formal certification to ensure companies and RTAs maintain vigilance and audit readiness.

Investor Assurance and Transparency
By filing this quarterly certificate, Veer Global Infraconstruction:

• Proves it has a robust system for processing dematerialisation.

• Demonstrates regulatory compliance.

• Protects investor interests by eliminating the risk of fraudulent physical certificates.

• Builds trust with shareholders, analysts, and the wider market.

Such filings are publicly available on stock exchange websites, ensuring complete transparency.

Conclusion
Veer Global Infraconstruction Limited’s submission of the SEBI Regulation 74(5) certificate for the June 2025 quarter showcases its commitment to compliance and corporate governance.

Despite there being no actual dematerialisation activity during the period, the company fulfilled its obligation to certify that its processes remain secure and audit-ready.

By working with its RTA, Purva Sharegistry (India) Pvt. Ltd., Veer Global ensures that its register of members is accurate, physical certificates are cancelled if submitted, and depositories are properly recorded as owners.

This process is part of India’s strong SEBI-regulated system that safeguards investor interests, maintains market integrity, and supports the smooth functioning of the electronic securities ecosystem.

Investors and stakeholders can thus be confident that Veer Global Infraconstruction Limited is meeting SEBI’s strict standards, upholding transparency, and supporting the robust, secure dematerialisation framework that underpins India’s modern capital markets.

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