Gujarat Poly Electronics Limited has submitted its mandatory compliance certificate under SEBI regulations for the quarter ended 31st March, 2026. The certificate was filed with the Bombay Stock Exchange on 6th April, 2026, fulfilling the company's regulatory obligations under the Securities and Exchange Board of India framework.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates companies to provide confirmation regarding securities received from depository participants for dematerialisation during each quarter.

Certificate Issuer and Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the Registrar and Share Transfer Agent for Gujarat Poly Electronics Limited. The certificate was issued on 1st April, 2026, and signed by Ashok Shetty, Sr. Vice President-Corporate Registry.

The certificate confirms that securities received from depository participants for dematerialisation during the quarter were properly processed. MUFG Intime confirmed that all securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are traded.

Compliance Process Confirmation

The Registrar and Share Transfer Agent confirmed several key compliance aspects:

• Securities received for dematerialisation were confirmed or rejected to depositories within prescribed timelines
• Security certificates received were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners
• All processes were completed in accordance with regulatory requirements

Corporate Filing Details

The submission was made by Nivedita Nambiar, Company Secretary and Compliance Officer (FCS: 8479), on behalf of Gujarat Poly Electronics Limited. The company maintains its registered office at 7, Jamshedji Tata Road, Churchgate Reclamation, Mumbai-400 020, with CIN: L21308GJ1989PLC012743.

This quarterly filing represents part of the company's ongoing commitment to maintaining transparency and regulatory compliance in its securities operations and depository participant relationships.

Gujarat Poly Electronics Limited has completed the redemption of its entire preference share capital, paying Rs. 9,81,50,000 to eliminate all outstanding preference shares. The transaction, executed on February 25, 2026, represents a significant capital restructuring move by the Mumbai-based electronics company.

Redemption Details

The company redeemed 9,81,500 unlisted ½% Non-Cumulative Redeemable Preference Shares, each carrying a face value of Rs. 100. The redemption was carried out at par value using profits generated by the company.

Preference Shareholder and Tax Implications

Polychem Limited, identified as a promoter of Gujarat Poly Electronics Limited, was the sole holder of these preference shares. The company deducted Tax Deducted at Source (TDS) at the rate of 0.1% from the redemption amount paid to the preference shareholder, in compliance with applicable tax regulations.

Impact on Capital Structure

Following the completion of this redemption process, Gujarat Poly Electronics Limited's preference share capital has been reduced to nil. This development follows the company's earlier announcement dated January 28, 2026, indicating that the redemption was a planned corporate action communicated to stakeholders in advance.

Regulatory Compliance

The redemption was conducted in accordance with the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations by informing the Bombay Stock Exchange about this material development, ensuring transparency for all stakeholders.

The transaction represents the complete elimination of preference share capital from Gujarat Poly Electronics Limited's capital structure, streamlining its equity composition and potentially providing greater financial flexibility for future operations.