Aryaman Financial Services Limited has fulfilled its quarterly regulatory obligations by submitting the mandatory compliance certificate to BSE Limited for the quarter ended March 31, 2026. The submission, made on April 13, 2026, demonstrates the company's adherence to SEBI's depositories and participants regulations.

Regulatory Compliance Submission

The company submitted its Certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 to BSE Limited. The certificate covers the quarter ended March 31, 2026 and was dated April 01, 2026.

Certificate Details and Confirmation

The certificate was issued by M/s Adroit Corporate Services Private Limited, which serves as the company's Registrar and Share Transfer Agent. The certificate confirms several key compliance aspects:

• Securities received from depository participants for dematerialisation during the quarter were properly confirmed to the depositories
• All securities comprised in the certificates have been listed on stock exchanges where previously issued securities are listed
• Security certificates received for dematerialisation have been mutilated and cancelled after due verification
• Names of depositories have been substituted in the register of members as registered owners within the prescribed 15-day period

Corporate Governance and Documentation

The submission was signed by Reenal Khandelwal, Company Secretary and Compliance Officer of Aryaman Financial Services Limited. The digital signature was applied on April 13, 2026, at 16:52:18 +05'30', ensuring proper authentication and timing of the regulatory filing.

Adroit Corporate Services Private Limited, the registrar, confirmed in their certificate that all dematerialisation processes were conducted in accordance with regulatory requirements. The company maintains its registered office at 19-20 Jaferbhoy Industrial Estate, Makwana Road, Marol Naka, Andheri (E), Mumbai, Maharashtra, 400 059.

This quarterly submission represents standard regulatory compliance for listed companies, ensuring transparency in share transfer and dematerialisation processes as mandated by SEBI regulations.

Escorp Asset Management Limited has disclosed a significant shareholding restructuring within its promoter group through an inheritance transaction. Shripal S. Shah has acquired a 26.09% stake in the ultimate promoter holding company Mahshri Enterprises Private Limited through transmission from late Mrs. Roopa S. Shah, as per the disclosure filed under SEBI SAST Regulations on March 10, 2026.

Transaction Details

The inheritance involves 6,00,000 equity shares of Mahshri Enterprises Private Limited, representing 26.09% of the company's paid-up equity capital. This transaction was completed through transmission following the demise of Mrs. Roopa S. Shah, who was part of the promoter group of the ultimate promoter holding company. The acquisition falls under Regulation 10(1)(g) exemption, requiring no open offer.

Corporate Structure and Holdings

The complex shareholding structure involves multiple layers of ownership. Mahshri Enterprises Private Limited holds a 62.45% stake in Aryaman Financial Services Limited, which in turn holds 52.47% in Escorp Asset Management Limited. The promoter group's direct shareholding in Escorp Asset Management Limited remains unchanged at 67.61%, totaling 75,14,999 shares.

Ultimate Holding Company Restructuring

Within Mahshri Enterprises Private Limited, the shareholding restructuring has resulted in Shripal S. Shah's stake increasing from 39.14% to 65.23%. The total promoter group holding in the ultimate holding company remains at 86.97%, with 20,00,000 shares distributed between Shripal S. Shah and Shreyas S. Shah following the transmission.

Regulatory Compliance and Control

The disclosure has been filed with BSE Limited, where Escorp Asset Management is listed with scrip code 540455. The company has confirmed that there is no change in control of the ultimate promoter holding company, promoter holding company, or the target company following this inheritance transaction. Shripal S. Shah continues to be recognized as a promoter of Mahshri Enterprises Private Limited and remains the natural person in control of both the promoter holding company and the target company, maintaining the existing corporate governance structure. The transaction required no prior disclosure under regulation 10(5) as it falls under the transmission exemption category.