Muthoot Finance has confirmed that securities which were dematerialized have been listed on stock exchanges. The Registrar and Share Transfer Agent, MUFG Intime India Private Limited, has verified, mutilated, and cancelled relevant certificates. The agent has confirmed the substitution of the depository’s name as the registered owner in the member registry. This confirmation aligns with regulatory requirements.
Security Dematerialization Update
Muthoot Finance confirms the listing of dematerialized securities on relevant stock exchanges. This announcement ensures compliance and transparency in the management of company securities.
Role of Registrar and Transfer Agent
MUFG Intime India Private Limited, the Registrar and Share Transfer Agent, has completed the verification and cancellation of security certificates received for dematerialization. The agent has also updated the register of members, replacing certificate holders with the depository as the registered owner.
Confirmation of Compliance
This process confirms compliance with regulatory standards for security dematerialization. MUFG Intime India Private Limited has also sent confirmation of these actions to the depositories.
Source: BSE
