Max Financial Services has issued a confirmation certificate pertaining to the handling of dematerialization requests for the quarter ended September 30, 2025. This certificate, received from Mas Services Limited, confirms the processing of securities received from depository participants within the stipulated regulatory timelines, ensuring compliance and transparency in securities management.
Confirmation of Dematerialization Process
Max Financial Services confirms the issuance of a certificate related to the dematerialization of securities. This announcement, dated October 8, 2025, addresses the processing of dematerialization requests received during the quarter ending September 30, 2025.
Details of the Confirmation
The certificate confirms that all securities received from Depository Participants for dematerialization between July 1, 2025, and September 30, 2025, were processed and confirmed (accepted/rejected) to the Depositories within 15 days of receiving the securities certificates. This includes the mutilation and cancellation of security certificates after verification, ensuring compliance with regulatory standards.
Role of Mas Services Limited
Mas Services Limited, the Registrar and Share Transfer Agent, issued the confirmation certificate. This certificate affirms that the names of the Depositories have been updated in the register of members as the registered owner within the specified timeframe and updated to the Depository and to every Stock Exchange where the security is listed, maintaining data integrity and regulatory adherence.
Source: BSE
