Mawana Sugars Limited has filed its quarterly compliance certificate under SEBI regulations, demonstrating adherence to securities handling and dematerialization procedures for the quarter ended March 31, 2026.

Regulatory Compliance Certificate

The company submitted its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 to both BSE Limited and National Stock Exchange of India Ltd on April 8, 2026. The certificate was prepared by Mas Services Limited, which serves as the company's Registrar and Transfer Agent.

Key Compliance Confirmations

The certificate confirms three critical compliance aspects for the quarter:

Dematerialization Process Management

Mas Services Limited confirmed that securities received from Depository Participants for dematerialization during the period from January 1, 2026 to March 31, 2026 were processed according to regulatory requirements. The Registrar and Transfer Agent verified that all security certificates received for dematerialization were properly mutilated and cancelled after due verification.

Corporate Structure and Communication

The filing was signed by Ashok Kumar Shukla, Company Secretary of Mawana Sugars Limited, with digital authentication dated April 8, 2026. The company maintains its corporate office at Plot No. 03, Institutional Area, Sector-32, Gurugram, while its registered office is located at 5th Floor, Kirti Mahal, 19, Rajendra Place, New Delhi.

Registrar and Transfer Agent Role

Mas Services Limited, with its registered office at T-34 Second Floor, Okhla Industrial Area Phase-II, New Delhi, provided the confirmation certificate dated April 2, 2026. The certificate was signed by Sharwan Mangla, General Manager, confirming that the Register of Members was also updated accordingly and all procedures were completed within the stipulated timeframes.

Mawana sugars Limited has received a credit rating reaffirmation from ICRA Limited, maintaining its financial credibility in the market. The rating agency has reaffirmed the company's credit rating at [ICRA]BBB+ (stable)/[ICRA]A2 for long term and short term fund-based working capital facilities worth Rs.500 crore. This development was communicated to the stock exchanges on April 07, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

ICRA Limited's rating committee took the rating action through a letter dated April 06, 2026, addressed to the company's Chief Financial Officer. The rating represents both a reaffirmation and assignment for enhanced amount, indicating the rating agency's continued confidence in the company's creditworthiness.

Facility Structure and Lender

The rated facilities are provided by The Uttar Pradesh Cooperative Bank Limited, with the total exposure amounting to Rs.500.00 crore. The rating covers fund-based term loans under the long term and short term scale, providing the company with necessary working capital support for its operations.

Rating Surveillance and Conditions

ICRA Limited has specified that the rating will become due for surveillance within one year from the date of the rating communication letter. The rating agency reserves the right to review and revise the rating at any time based on new information, unavailability of required information, or other circumstances that could impact the rating. The company is required to inform ICRA immediately about any defaults, delays in repayment, or significant developments that could impact its debt servicing capability.

Regulatory Compliance

The rating reaffirmation was disclosed to both BSE Limited and National Stock Exchange of India Limited as part of the company's regulatory obligations. Mawana Sugars Limited, incorporated in 1961 with CIN L74100DL1961PLC003413, maintains its registered office in New Delhi and corporate office in Gurugram. The disclosure was signed by Company Secretary Ashok Kumar Shukla, ensuring proper compliance with listing regulations and transparency requirements for stakeholders.