Deepak Nitrite has successfully completed the reconciliation process for security certificates received for dematerialization during the quarter ended 31st March 2026. The company, in coordination with its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, has confirmed that all securities have been duly processed, mutilated, cancelled, and listed on the relevant stock exchanges, ensuring that depository participants are correctly updated in the register of members.
Quarterly Compliance Update
Deepak Nitrite has released the confirmation certificate regarding the dematerialization of its shares for the quarter spanning January to March 2026. This process ensures that all security certificates received from investors via depository participants have been verified and processed in full compliance with standard market procedures.
Verification and Processing
The company, working alongside its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, has confirmed the following actions taken during this period:
- Certificate Verification: All securities received for dematerialization were subject to thorough verification.
- Cancellation of Physical Shares: Physical certificates were formally mutilated and cancelled following verification to prevent further circulation.
- Updated Ownership: The records of the relevant depositories have been updated to reflect the change in ownership, with the depositories now registered as the owners of the dematerialized shares.
- Listing Confirmation: It is confirmed that the shares resulting from this process have been officially listed on the stock exchanges where the company’s existing securities are traded.
This systematic process ensures transparency and accuracy in the company’s shareholding records, providing seamless service to shareholders moving from physical to electronic holdings.
Source: BSE
