Commercial Syn Bags Limited has filed a regulatory compliance notice with the stock exchanges, informing that SEBI Regulation 74(5) of the Depositories and Participants Regulation, 2018 is not applicable to the company for the quarter ended 31st March, 2026.

Regulatory Compliance Status

The company has communicated to both BSE and NSE that the specific SEBI regulation does not apply due to the complete dematerialization of its shareholding. This regulation, formerly known as Regulation 54 of SEBI (Depository and Participant) Regulations, 1996, governs certain compliance requirements for companies with physical share certificates.

Registrar Confirmation

Bigshare Services Pvt. Ltd., serving as the company's registrar and share transfer agent, has provided a certificate confirming the non-applicability of the regulation. The registrar has certified that:

• The entire shareholding of Commercial Syn Bags Limited is held in dematerialized form
• No requests for rematerialization or dematerialization were received during the quarter ended 31st March, 2026
• The company maintains full compliance with depository regulations

Corporate Information

Commercial Syn Bags Limited operates as a manufacturer and exporter of FIBC, PP Fabric, Woven Sacks, BOPP Bags, Tarpaulin, and Flexible Packaging products. The company is listed on both major Indian stock exchanges with BSE code 539986 and NSE symbol COMSYN.

Regulatory Framework

The SEBI Regulation 74(5) requires companies to file specific compliance certificates regarding the status of their share dematerialization. However, when a company's entire shareholding is in electronic form, this regulation becomes non-applicable, eliminating the need for detailed compliance reporting under this specific provision.

This filing demonstrates the company's commitment to maintaining transparency and adhering to all applicable regulatory requirements while efficiently managing its compliance obligations.

Commercial syn bags Limited successfully completed its board meeting on March 30, 2026, approving the allotment of 3,87,000 equity shares to promoter group entity Pravi Investments LLP. The meeting, originally scheduled for March 28, 2026, was postponed due to unavoidable circumstances and concluded with the conversion of warrants into equity shares.

Board Meeting Outcome

The 10/2025-26 board meeting commenced at 1:00 PM and concluded at 4:40 PM at the company's registered office in Indore. The primary agenda involved considering and approving the conversion of warrants into equity shares, which was successfully executed following receipt of the balance amount due on 3,87,000 warrants.

Warrant Conversion Details

The board approved the allotment of 3,87,000 equity shares of ₹10 each at a premium of ₹62 per share to Pravi Investments LLP, categorized under the promoter group. The conversion was executed after receipt of the balance amount aggregating ₹2,08,98,000. The original warrants were issued on preferential basis as convertible warrants at ₹72 per warrant for an aggregate consideration of ₹2,78,64,000.

Post-Allotment Shareholding

Following the conversion on March 30, 2026, Pravi Investment LLP's shareholding increased to 15,84,906 equity shares of ₹10 each. The company received intimation from the warrant holder on March 24, 2026, for conversion of warrants into equity shares, subject to receipt of the remaining 75% balance amount.

Outstanding Warrants

The company disclosed remaining warrants eligible for conversion totaling 16,13,000 warrants distributed among promoter group members:

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, informing both BSE and NSE about the board meeting outcome. Company Secretary Sandeep Patel signed the regulatory filing, ensuring compliance with corporate governance requirements. The disclosure was made pursuant to Regulation 30 read with Schedule III (A)(IV) of the SEBI (LODR) Regulation, 2015.