Aten Papers & Foam Limited has completed its quarterly regulatory filing with BSE Limited, submitting the mandatory compliance certificate under SEBI regulations for the quarter ended 31st March, 2026. The submission fulfills the company's obligations under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Details

The certificate was issued by M/s. Skyline Financial Services Private Limited, which serves as the company's Registrar and Share Transfer Agent (RTA). The document confirms compliance with SEBI's depositories and participants regulations for Q4FY26.

Certificate Confirmation

According to the certificate issued by Skyline Financial Services Private Limited on April 02, 2026, no physical share certificates were received for dematerialization of equity shares during the quarter ended 31st March, 2026. This confirmation relates specifically to the company's equity shares and their dematerialization process through depository participants.

Corporate Information

The filing was authorized by Mohamedarif Mohamedibrahim Lakhani, Managing Director of Aten Papers & Foam Limited, bearing DIN: 01476177. The company operates under CIN: L21099GJ2019PLC105921 and trades on BSE with the security identifier ATENPAPERS.

Regulatory Framework

The submission aligns with SEBI's regulatory framework governing depositories and participants, ensuring transparency in the dematerialization process of securities. Such quarterly certifications are mandatory for listed companies to maintain compliance with securities market regulations and provide stakeholders with regular updates on share transfer activities.

Aten Papers & Foam Limited has officially completed the regulatory filing for its strategic acquisition to strengthen its position in the paper manufacturing sector. The company's Board of Directors approved the purchase of a significant stake in Aten Paper Mill Limited during their meeting held on March 31, 2026.

Board Meeting Outcome

The Board meeting, conducted at the company's registered office in Ahmedabad from 5:00 PM to 6:00 PM, resulted in the approval of a Share Purchase Agreement for acquiring 2,74,000 equity shares of Aten Paper Mill Limited. The company has filed the outcome under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Target Company Performance

Aten Paper Mill Limited, incorporated in 2020 under CIN U21099GJ2020PLC115735, operates as a leading kraft paper manufacturer in Gujarat. The company maintains its registered office in Ahmedabad and has established itself as a prominent player in the paper manufacturing industry with modern facilities and strict quality control measures.

The target company has demonstrated strong financial performance with significant growth trajectory:

Strategic Rationale and Impact

The acquisition aligns with Aten Papers & Foam Limited's expansion strategy in the kraft paper manufacturing sector. According to the regulatory filing, the company expects the transaction to deliver multiple strategic benefits including expansion of service offerings, access to new markets, and leveraging specialized expertise. The acquisition is expected to bring technological advancements, cost synergies, and a broader customer base, thereby enhancing competitive advantage and driving innovation.

Regulatory Compliance

The transaction constitutes a related party transaction as Mr. Mohamedarif Mohamedibrahim Lakhani, who serves as Promoter and Managing Director, has connections to both entities. The company has confirmed that the transaction is being conducted at arm's length, ensuring fair valuation and compliance with regulatory requirements. No additional governmental or regulatory approvals are required for completing this acquisition, with the completion timeline subject to the terms and conditions specified in the Share Purchase Agreement.