ELNET Technologies Limited has fulfilled its quarterly regulatory obligations by submitting the confirmation certificate for Q4FY26 to major stock exchanges and depositories. The submission, dated April 09, 2026, ensures compliance with SEBI's depositories regulations.

Regulatory Compliance Submission

The company submitted its confirmation certificate for the quarter ended March 31, 2026, in accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The submission was made to three key financial institutions:

Certificate Details and Validation

Cameo Corporate Services Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate on April 03, 2026. The certificate confirms that securities received from depository participants for dematerialisation during Q4FY26 were properly processed and confirmed to the depositories.

Dematerialisation Process Confirmation

The certificate validates several critical aspects of the dematerialisation process. Cameo Corporate Services Limited confirmed that all securities received during the quarter were properly accepted or rejected to the depositories. The securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are already listed.

Additionally, the certificate confirms that security certificates received for dematerialisation were mutilated and cancelled after due verification by the depository participant. The names of the depositories have been substituted in the register of members as registered owners within the stipulated time limits under the applicable regulations.

Corporate Governance and Documentation

Swati S. Bajaj, Company Secretary and Compliance Officer of ELNET Technologies Limited, signed the submission letter digitally on April 09, 2026. The documentation demonstrates the company's commitment to maintaining proper corporate governance standards and regulatory compliance.

R. Vinesh Balaji, Manager (Shares) at Cameo Corporate Services Limited, signed the confirmation certificate, ensuring proper validation of the dematerialisation processes undertaken during the quarter.

Elnet Technologies Limited has paid a regulatory penalty of ₹11,800 imposed by BSE Limited for delayed compliance with SEBI listing regulations. The fine was levied under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, for late submission of voting results in XBRL format.

Penalty Details and Violation

The penalty stems from the company's failure to submit voting results in XBRL format within the prescribed timeline following its Extra-Ordinary General Meeting held on February 3, 2026. BSE Limited communicated the penalty through an email dated March 13, 2026, highlighting non-compliance with Regulation 44(3) of the SEBI Listing Regulations.

Timeline of Events and Company Response

Elnet Technologies had duly submitted the voting results and Scrutinizer's Report in PDF format on February 5, 2026, and published the same on the company's website. However, the corresponding XBRL filing was completed only on March 6, 2026. The company attributed this delay to technical system issues and described the lapse as entirely inadvertent.

Payment and Compliance Measures

The company has paid the penalty amount of ₹11,800 with Bank UTR number 944328434 on March 24, 2026. The payment was made to BSE Limited's designated virtual bank account BSER04862 at ICICI Bank Limited. No TDS was deducted from the payment, and the net amount paid equals the gross penalty amount.

Regulatory Framework and Future Compliance

The penalty was imposed under the framework established by SEBI's Master Circular regarding penal actions for non-compliance with listing obligations. The circular prescribes a basic fine of ₹10,000 per instance of non-compliance for delayed submission of voting results, with an additional 18.00% GST, totaling ₹11,800.

Elnet Technologies has committed to strengthening its internal compliance tracking mechanisms to prevent similar occurrences in the future. The company emphasized its dedication to ensuring strict adherence to all regulatory timelines going forward.