Unichem Labs Confirms Q1 FY26 Share Dematerialisation Compliance
Unichem Laboratories Ltd. has announced its compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2025. The company submitted a certificate confirming the proper handling of securities received for dematerialisation during the period, underscoring its commitment to regulatory adherence and investor protection.The compliance certificate, dated July 4, 2025, was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), the company's Registrar & Share Transfer Agent (RTA). This certificate was subsequently submitted by Unichem Laboratories Ltd. to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on July 8, 2025, fulfilling its disclosure obligations.Details of Compliance
The core of the compliance certificate revolves around the meticulous process of dematerialisation, which involves converting physical share certificates into electronic form. For the quarter concluding on June 30, 2025, MUFG Intime India Private Limited confirmed that all securities received from depository participants for dematerialisation were processed in accordance with the prescribed regulations. This critical step ensures that investors can hold their shares in a secure, electronic format, facilitating easier trading and management of their portfolios.
The RTA specifically confirmed that these received securities were either accepted or rejected and that this status was communicated to the respective depositories within the stipulated regulatory timelines. This timely communication is crucial for maintaining accurate records with the depositories, which are central to the electronic holding system of shares in India. Furthermore, the certificate verifies that the securities, once dematerialised, have been duly listed on the stock exchanges where Unichem Laboratories Ltd.'s previously issued securities are already traded. This ensures that the newly dematerialised shares maintain their liquidity and can be freely traded in the market, providing continuity for investors.A vital aspect of the dematerialisation process, as confirmed by the certificate, pertains to the physical handling of share certificates. It states that the physical security certificates received for dematerialisation were meticulously mutilated and cancelled. This action was performed only after due verification by the depository participant, a crucial safeguard designed to prevent any potential misuse or fraudulent activity associated with the physical certificates once they have been converted into electronic form. Following this, the names of the depositories were accurately substituted in the company's register of members as the registered owners. This legal transfer of ownership from individual shareholders to the depositories, completed within the prescribed timelines, ensures that the company's records accurately reflect the electronic ownership structure, thereby enhancing transparency and accountability.Regulatory Context and Importance
Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, is a fundamental component of India's securities market framework. It mandates that companies and their RTAs adhere to strict procedures for handling dematerialisation requests. The primary objective of this regulation is to safeguard investor interests by ensuring that the process of converting physical shares to electronic form is conducted efficiently, securely, and transparently. By confirming compliance, Unichem Laboratories Ltd., through its RTA, demonstrates its commitment to upholding these regulatory standards.
The role of the Registrar & Share Transfer Agent, MUFG Intime India Private Limited, is central to this compliance. Their certification provides an independent verification of the company's adherence to the prescribed norms for share transfers and dematerialisation. This regular filing is not merely a procedural formality; it is a testament to the company's robust corporate governance practices and its dedication to maintaining the integrity of its shareholding records. Such compliance filings contribute significantly to investor confidence in the market by ensuring that the electronic holdings are securely managed and accurately reflected, fostering a reliable and transparent investment environment.