BCL Industries, an edible oil and distillery company, has informed exchanges about compliance certificate regulation of market regulator Securities and Exchange Board of India (SEBI).
“We confirm that the securities received from the depository participants for dematerialization during the quarter ended December 31, 2022, were confirmed (accepted/rejected) to the depositories by the company,” the filing said, adding that securities comprised have been listed on the stock exchanges where the earlier issued securities are listed.
The company also confirmed that the “security certificates received for dematerialisation have been confirmed/rejected and the security certificates received were mutilated and cancelled after due verification by the depository participant and the name of the depositories have been substituted in the register of members as the registered owner within the prescribed timelines”.
“In compliance to the Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 and based on the certificate (enclosed herewith) received from our Registrar and Transfer agent (RTA) for the Quarter ended 31.12.2022, we hereby confirm that within stipulated/allowed time of the securities received for dematerialization:
a) The securities comprised in the said Certificate(s) of Security have been listed on the Stock Exchange; and
b) The said Certificate (s) after due verification have been mutilated and cancelled and the name of the depository has been substituted in our records as the registered owner.”
