Darjeeling Industries Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Submission

The company submitted the mandatory certificate under Regulation 74(5) of SEBI regulations on April 10, 2026. The certificate was issued by Purva Sharegistry (India) Private Limited, which serves as the company's Registrar and Share Transfer Agent (RTA). This quarterly filing ensures compliance with depositories and participants regulations governing share dematerialization processes.

Certificate Details and Confirmations

Purva Sharegistry confirmed that all securities received from depository participants for dematerialization during the quarter were processed according to prescribed timelines. The RTA verified that security certificates received for dematerialization were properly mutilated and cancelled after due verification by depository participants. Additionally, the names of depositories were substituted in the register of members as registered owners within the mandated timeframes.

Dematerialization Activity Summary

The detailed quarterly report reveals no dematerialization activity during the period:

Company Information

Darjeeling Industries Limited, formerly known as Darjeeling Ropeway Company Limited, operates under CIN L45202MH1936PLC294011. The company is headquartered at 104, Floor-1, Shreeji Darshan, Tata Road No. 2, Roxy Cinema Opera House, Girgaon, Mumbai – 400004. Ashok Dilipkumar Jain serves as Managing Director with DIN 03013476.

Regulatory Framework

The submission fulfills requirements under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation mandates quarterly confirmation certificates from RTAs regarding dematerialization processes, ensuring transparency and proper record-keeping in securities transactions. The filing demonstrates the company's commitment to maintaining regulatory compliance and proper corporate governance standards.

Darjeeling Industries Limited has successfully obtained trading approval from BSE Limited for its preferential allotment of equity shares through warrant conversion. The approval marks a significant milestone in the company's capital restructuring process, enabling immediate trading of the newly issued securities.

Share Allotment Details

The BSE trading approval covers the allotment of 30,12,010 fully paid-up equity shares issued pursuant to warrant conversion through preferential issue. These shares were allocated to non-promoters as part of the company's capital expansion strategy.

Regulatory Timeline and Approvals

The company initiated the process by submitting an in-principle application to BSE on October 25, 2024, regarding the preferential issue of fully paid-up equity shares pursuant to warrant conversion. The exchange processed the application over several months before granting final trading approval.

BSE issued Notice No. 20260316-13 dated March 16, 2026, officially informing trading members about the listing of these securities. The notice was made available on the exchange's website for reference by all market participants.

Corporate Communication

Darjeeling Industries Limited, formerly known as Darjeeling Ropeway Company Limited, communicated the trading approval to BSE through an official letter dated March 17, 2026. The communication was signed by Managing Director Ashok Dilipkumar Jain and submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Market Impact

The trading approval enables immediate market participation for the newly issued shares, providing liquidity to the warrant holders who converted their instruments into equity. The preferential allotment to non-promoters indicates the company's strategy to broaden its shareholder base while raising capital for business operations.