Magna Electro Castings Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The filing demonstrates the company's adherence to regulatory requirements governing dematerialisation processes and depositories management.

Regulatory Filing Details

The certificate was formally submitted to BSE Limited on 7th April, 2026, through a communication bearing reference number SEC/BSE/01/2026-27. Company Secretary and Compliance Officer Divya Duraisamy signed the submission digitally, ensuring proper documentation and authentication of the regulatory filing.

Registrar Confirmation Certificate

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, provided the underlying confirmation certificate dated April 3, 2026. As the company's appointed Registrar and Share Transfer Agent, MUFG Intime confirmed compliance with all dematerialisation requirements during the quarter.

The registrar's certificate verified that securities received from depository participants for dematerialisation during Q4FY26 were properly confirmed to the depositories. Additionally, the certificate confirmed that all security certificates received were mutilated and cancelled after due verification by depository participants, with depositories' names substituted in the register of members within prescribed timelines.

Compliance Framework

Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 mandates quarterly certification regarding dematerialisation processes. This regulatory requirement ensures transparency and proper handling of securities conversion from physical to electronic form. The regulation also confirms that dematerialised securities maintain their listing status on stock exchanges where the company's securities are traded.

The submission reflects Magna Electro Castings Limited's commitment to maintaining regulatory compliance and ensuring smooth functioning of its securities dematerialisation processes through proper coordination with its registrar and transfer agent.

Magna Electro Castings Limited has strengthened its renewable energy portfolio through a strategic investment in solar power infrastructure. The company executed a Captive Power Agreement and Share Subscription Agreement with First Energy TN 1 Private Limited (FETN1PL) on March 30, 2026, marking a significant step in its sustainable energy initiatives.

Investment Details and Strategic Rationale

The investment involves the acquisition of additional equity shares in FETN1PL to support the expansion of solar captive power capacity. The primary objective is to comply with regulatory requirements while securing additional renewable energy capacity for the company's operations.

Shareholding Structure and Compliance

The acquisition significantly enhances Magna Electro Castings' stake in the solar power venture. The company's shareholding pattern demonstrates its growing commitment to renewable energy infrastructure.

This investment ensures compliance with the minimum 26% shareholding requirement for captive users under the Electricity Act, 2003. The transaction does not fall under related party transactions, maintaining arm's length dealings.

Target Company Profile

First Energy TN 1 Private Limited operates as a specialized solar power developer with a focus on captive power solutions. The company has demonstrated consistent growth in its operational performance.

Financial Performance Track Record

FETN1PL has shown substantial revenue growth since its incorporation, reflecting the expanding demand for renewable energy solutions.

The company's business model focuses on developing captive power plants and solar power facilities on a build-own-operate basis to meet the captive consumption requirements of industrial users.

Project Expansion and Future Outlook

The Group Captive Solar Power Expansion Project represents FETN1PL's enhanced solar infrastructure in Tamil Nadu. The additional 1.1 MWp capacity will contribute to Magna Electro Castings' renewable energy requirements while supporting its sustainability objectives. The cash consideration structure ensures straightforward transaction execution without complex financial arrangements.

This strategic investment aligns with the growing trend of industrial companies securing dedicated renewable energy capacity to meet their operational requirements while complying with regulatory frameworks governing captive power consumption.