Maximus International Limited Files Non-Applicability Certificate for SEBI Regulation 74(5) for Q4FY26
Maximus International Limited submitted a non-applicability certificate for SEBI Regulation 74(5) covering Q4FY26, filed with BSE Limited on 04th April, 2026. The certificate from registrar Bigshare Services Private Limited confirms that all company shares remain in demat form with no rematerialisation or dematerialisation requests received during the quarter ended 31st March, 2026.

*this image is generated using AI for illustrative purposes only.
Maximus International Limited has filed a non-applicability certificate with BSE Limited regarding SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The regulatory filing demonstrates the company's continued compliance with depositories regulations and maintains transparency with market participants.
Regulatory Compliance Filing
The certificate was submitted on 04th April, 2026, by Company Secretary and Compliance Officer Sonali Panchal. The filing specifically addresses Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which was formerly known as Regulation 54 of SEBI (Depository and Participant) Regulations, 1996.
| Filing Details: | Information |
|---|---|
| Filing Date: | 04th April, 2026 |
| Quarter Covered: | Q4FY26 (ended 31st March, 2026) |
| Regulation: | SEBI Regulation 74(5) |
| Script Code: | 540401 |
| Filed By: | Sonali Panchal, Company Secretary |
Certificate Confirmation
Bigshare Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the certificate on 03rd April, 2026. The registrar confirmed that Regulation 74(5) is not applicable to Maximus International Limited due to specific operational circumstances during the quarter.
The key findings from the registrar's assessment include:
- All company shares remain in dematerialised (demat) form
- No requests for rematerialisation were received during Q4FY26
- No requests for dematerialisation were received during the quarter
- The company maintains full compliance with depositories regulations
Regulatory Framework
SEBI Regulation 74(5) under the Depositories and Participants Regulations, 2018 governs specific compliance requirements for listed companies regarding share transfers and depositories operations. The regulation requires companies to submit certificates when certain conditions apply to their share holding patterns and transfer activities.
| Regulation Details: | Specification |
|---|---|
| Current Regulation: | SEBI Regulation 74(5) of 2018 |
| Previous Regulation: | SEBI Regulation 54 of 1996 |
| Applicability: | Share transfer and depositories compliance |
| Filing Requirement: | Quarterly basis |
The non-applicability status indicates that Maximus International Limited's share structure and transfer activities during Q4FY26 did not trigger the specific compliance requirements outlined in the regulation. This reflects the company's stable shareholding pattern and efficient depositories management through its registrar.
Historical Stock Returns for Maximus International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.54% | +1.88% | -5.63% | -19.76% | -11.77% | -20.03% |
Will Maximus International's stable shareholding pattern continue into FY27, or are there any planned corporate actions that might trigger future rematerialization requests?
How might upcoming changes to SEBI's depositories regulations in 2026-27 impact Maximus International's compliance requirements and filing obligations?
What factors could cause Maximus International to become subject to Regulation 74(5) in future quarters, and how is the company preparing for such scenarios?































