Gujarat State Fertilizers & Chemicals Limited has received confirmation from its registrar regarding share dematerialization activities for the quarter ending March 31, 2026. The process ensures that all security certificates received during this period were duly verified, mutilated, and cancelled. Furthermore, the company has confirmed that the details of the respective depositories have been successfully updated in its register of members, maintaining compliance and transparency for shareholders.
Quarterly Dematerialization Update
Gujarat State Fertilizers & Chemicals Limited (GSFC) has successfully completed the reconciliation and verification of securities processed during the final quarter of the financial year, covering the period from January 1, 2026, to March 31, 2026. This process is a standard operational procedure to ensure the accuracy of share ownership records in electronic format.
Verification and Compliance Process
Following the receipt of securities from depository participants, the company’s Registrar and Share Transfer Agent, MUFG Intime India Private Limited, performed the necessary due diligence. Key steps in this process included:
- Verification: Confirming the authenticity of all security certificates received for dematerialization.
- Cancellation: Ensuring that all physical certificates were properly mutilated and cancelled post-verification.
- Updating Records: Successfully substituting the name of the depositories in the company’s register of members as the registered owner.
Stock Exchange Listing
The company has confirmed that all securities comprised in the certificates processed during this quarter have been duly listed on the stock exchanges. This ensures that the dematerialized shares maintain full liquidity and are aligned with the company’s previously issued listed securities.
Source: BSE
