Melstar Information Technologies Limited has fulfilled its regulatory compliance obligations by submitting the mandatory confirmation certificate under SEBI (Depositories and Participants) Regulations, 2018 for the fourth quarter of Financial Year 2025-26.

Regulatory Compliance Details

The confirmation certificate pertains to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was prepared and issued by Bigshare Services Private Limited, which serves as the company's registrar and share transfer agent.

Certificate Confirmation

Bigshare Services Private Limited confirmed that all securities received from depository participants for dematerialization up to March 31, 2026 were properly processed and confirmed to the depositories. The registrar verified that:

• Securities received for dematerialization were accepted or rejected as appropriate
• All securities comprised in the certificates have been listed on the stock exchange where earlier issued securities are listed
• Security certificates received for dematerialization have been mutilated and cancelled after due verification
• Names of depositories have been substituted in the register of members as registered owners within 15 days of receipt

Regulatory Framework

The certificate submission follows SEBI guidelines referenced in multiple circulars, including NSDL/CIR/II/5/2019 dated January 25, 2019, DSL/OPS/RTA/POLICY/2019/14 dated January 25, 2019, and SEBI letter reference MRD/DOP2/DSA2/OW/2019/2498/1 dated January 24, 2019. These regulations ensure proper handling and processing of securities in dematerialized form.

Stock Exchange Communication

The certificate was formally communicated to both major Indian stock exchanges where Melstar Information Technologies Limited is listed. Managing Director Vineet Goverdhan Shah signed the communication letters addressed to BSE Limited and National Stock Exchange of India Limited, ensuring compliance with disclosure requirements on both trading platforms.

Melstar Information Technologies Limited has announced a significant change in its board composition with the resignation of Mr. Uttam Prakash Agarwal as Non-Executive Chairman and Independent Director. The company informed stock exchanges on March 24, 2026, about this leadership transition in compliance with SEBI regulations.

Resignation Details

Mr. Uttam Prakash Agarwal (DIN: 00272983) submitted his resignation effective March 23, 2026, citing his inability to devote adequate time and attention to the company's affairs due to other professional commitments and responsibilities. The resignation was formally communicated to both BSE Limited and National Stock Exchange of India Limited as required under Regulation 30 of SEBI Listing Regulations.

Other Directorships

Agarwal continues to hold significant positions in other listed entities, demonstrating his extensive involvement in corporate governance across multiple organizations. His current directorships include leadership roles at major companies where he chairs critical board committees.

Professional Background

CA. Uttam Prakash Agarwal brings extensive professional credentials to his corporate roles. His qualifications include:

• B.Com, FCA (Fellow Chartered Accountant)
• ICA (Australia), CPA (Australia)
• Past President of The Institute of Chartered Accountants of India (2009-10)

Regulatory Compliance

The company has ensured full compliance with SEBI requirements by providing detailed disclosures about the resignation. Managing Director Vineet Goverdhan Shah (DIN: 01761772) signed the official communication to stock exchanges, confirming that no material reasons exist beyond those disclosed for the resignation. The company has committed to filing necessary forms with the Registrar of Companies and other regulatory authorities as required.