BPL Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the fourth quarter and financial year ended March 31, 2026. The filing demonstrates the company's adherence to regulatory requirements regarding securities dematerialization processes.

Regulatory Compliance Details

The compliance certificate was issued by KFin Technologies Limited, which serves as the Registrar and Share Transfer Agent (RTA) for BPL Limited. The certificate confirms that all required details of securities dematerialized and rematerialized during the specified period have been properly furnished to stock exchanges where the company's shares are listed.

Stock Exchange Notifications

BPL Limited filed the compliance certificate with both major Indian stock exchanges where its shares are traded. The company submitted the documentation to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), ensuring comprehensive regulatory compliance across all trading platforms.

Depositories Coverage

The compliance certification covers both major depositories in India:

• Central Depository Services (India) Limited (CDSL): Certificate reference KFIN/BPL/CDSL/74(5) E/1
• National Securities Depository Limited (NSDL): Certificate reference KFIN/BPL/NSDL/74(5) E/1

Both certificates were dated April 1, 2026, and signed by Ganesh Chandra Patro, Deputy Vice President at KFin Technologies Limited.

Company Secretary Confirmation

Divya Bhardwaj, Company Secretary and Compliance Officer of BPL Limited, formally submitted the compliance documentation to the stock exchanges. The submission letter, dated April 15, 2026, requested the exchanges to acknowledge receipt and take the compliance certificate on record.

About the Regulation

Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 mandates that companies must regularly report details of securities that have been dematerialized or rematerialized during specific periods. This requirement ensures transparency in the securities transfer process and maintains accurate records of shareholding patterns in electronic form.

BPL Limited has informed stock exchanges about insolvency proceedings initiated against the company at the National Company Law Tribunal (NCLT), Kochi. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NCLT Proceedings Details

A creditor has filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against BPL Limited. The case has been registered as Case No. KOB C.P. (IB) 10/2026 at NCLT, Kochi. The company received communication from the tribunal on April 13, 2026.

Company's Response and Position

BPL Limited has been granted an opportunity to file its objections in the matter. As of the disclosure date, no further orders have been passed by the tribunal regarding the application. The creditor is requesting NCLT to act on an order of the Supreme Court of India, though the company notes that its review petition is yet to be listed and heard.

The company's management, in consultation with legal counsel, is taking appropriate steps to file objections before the tribunal. BPL Limited remains confident in its position while ensuring continued focus on business stability.

Financial and Operational Impact

BPL Limited has clarified that the application filed by the creditor before NCLT is not expected to have any financial or operational impact on the company. Business activities continue as normal despite the ongoing proceedings.

Previous Disclosures

The company disclosed that this dispute with the creditor has been previously intimated to stock exchanges through notes to financial results in each quarter. This indicates that the matter has been an ongoing concern that has been transparently communicated to investors through regular financial disclosures.

The disclosure was signed by Ajit G Nambiar, Chairman & Managing Director of BPL Limited, demonstrating senior management oversight of the matter and commitment to regulatory compliance.