Schaeffler India Limited has successfully concluded its compliance verification for the quarter ended March 31, 2026. Working in coordination with its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, the company has confirmed that all security dematerialization requests were processed within the mandated timelines. The process ensured that all certificates were appropriately verified, mutilated, and cancelled to maintain the integrity of the share register.
Quarterly Verification Update
Schaeffler India Limited has officially confirmed the successful completion of its mandatory security verification for the quarter ending March 31, 2026 (Q4 of the financial year). This process, conducted in partnership with its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, ensures that all shares converted into electronic form were accurately reflected in the company’s records.
Compliance and Processing Standards
The company confirmed that all security certificates received from depository participants for dematerialization were processed according to strict verification protocols. Key actions undertaken during this period included:
- Validation: Thorough review of all dematerialization requests received during the quarter.
- Security Integrity: The mutilation and cancellation of physical certificates post-verification to prevent unauthorized circulation.
- Record Updates: Timely substitution of depository names in the register of members to reflect accurate ownership.
- Market Listing: Confirmation that all securities linked to these requests have been duly listed on the relevant stock exchanges, consistent with the company’s existing listed securities.
This verification confirms that the company maintains high standards of transparency and operational efficiency regarding its shareholder records and electronic security transfers.
Source: BSE
