Max Financial Services confirms compliance with Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The confirmation certificate, received from Mas Services Limited, the Registrar and Share Transfer Agent, ensures all securities received for dematerialization during Q3 2026 were appropriately processed within the stipulated timeframe.
Compliance Confirmation for Q3 2026
Max Financial Services announces its adherence to regulatory standards concerning the handling of securities. This announcement addresses compliance with the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.
Details of Compliance
A confirmation certificate was received from Mas Services Limited, the Registrar and Share Transfer Agent of the Company, pertaining to the quarter ending December 31, 2025 (Q3 2026). The certificate confirms that all securities received from Depository Participants for dematerialization during the period from October 1, 2025, to December 31, 2025, were processed in accordance with regulations. This includes confirming acceptance or rejection to the Depositories within 15 days of receiving the securities certificates.
Verification and Cancellation
The announcement also highlights that security certificates received for dematerialization have been duly mutilated and cancelled after verification. Furthermore, the Depositories have been substituted in the register of members as the registered owner within 15 days of receipt. These updates have been communicated to the Depository and relevant Stock Exchanges within the stipulated 15-day timeframe.
Source: BSE
