NLC India Limited has issued its mandatory confirmation regarding share dematerialization for the quarter ended 31st March 2026. The company has successfully verified that all shares processed for dematerialization were duly listed on the appropriate stock exchanges. This process ensures that all security certificates were correctly cancelled and updated in the depository records within the stipulated 15-day timeframe, maintaining transparency and regulatory standards for shareholders.
Share Dematerialization Verification
Following a review of records for the quarter ending 31st March 2026, NLC India Limited has confirmed the successful processing of share dematerialization requests. In coordination with its registrar, Integrated Registry Management Services Private Limited, the company verified that all shares received from participants for conversion into electronic form were promptly listed on the stock exchanges where the company’s shares are traded.
Operational Compliance and Records
The company has ensured that all procedures regarding the handling of security certificates have been strictly followed. Key operational actions completed include:
- Verification and Cancellation: All security certificates submitted for dematerialization were thoroughly verified, mutilated, and cancelled to prevent unauthorized circulation.
- Depository Updates: The company successfully substituted the name of the depository as the registered owner in its internal records within 15 days of receiving the certificates.
- Reporting: Comprehensive details regarding all shares dematerialized or rematerialized during the January–March 2026 period have been formally furnished to the relevant stock exchanges.
This confirmation serves as an update to investors regarding the integrity of the company’s share registry and its adherence to standard electronic trading protocols.
Source: BSE
