Microse India Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The Mumbai-based company submitted the mandatory certificate for the quarter ended March 31, 2026, demonstrating adherence to dematerialization compliance standards.

Regulatory Filing Details

The certificate was submitted on April 9, 2026, by Director Shyam Sunder Agrawal (DIN: 00355837) to BSE Limited's Corporate Relationship Department. The filing pertains to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which governs the dematerialization process for securities.

Certificate Confirmation

Bigshare Services Private Limited, serving as Microse India's Registrar and Share Transfer Agent, issued the compliance certificate. The certificate confirms that all securities received from depository participants for dematerialization up to March 31, 2026, were properly confirmed to the depositories within regulatory timelines.

The certification process involved several key compliance measures:

• 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 were mutilated and cancelled after due verification by the depository participant
• Names of the depositories were substituted in the register of members as registered owners within 15 days of receipt

Company Information

Microse India Limited operates from its registered office at 421, Maker Chamber V, Nariman Point, Mumbai - 400021. The company maintains regular communication channels through its official email and website for stakeholder engagement and regulatory compliance matters.

Microse India Limited has paid a regulatory fine of ₹2,71,400 to BSE Limited for delayed submission of complete financial results for the quarter and financial year ended March 31, 2025. The company made the payment on January 27, 2026, following BSE's rejection of its waiver request.

Fine Details and Payment

The total fine amount comprises the base penalty and applicable taxes as detailed below:

The company paid this amount without prejudice to its rights, remedies, and contentions, including the right to seek review and other legal remedies available under law.

Timeline of Events

The regulatory non-compliance issue began with the company's delayed submission of complete financial results for Q4FY25. BSE communicated the non-compliance in June 2025, leading to a series of submissions and regulatory proceedings.

Key Submission Dates

Waiver Request Process

Microse India submitted a waiver request for the SOP fine, which underwent formal review by BSE's regulatory authorities. The waiver application was placed before the Internal Regulatory Oversight and Review Group during their meeting held on January 2, 2026.

However, BSE communicated on January 21, 2026, that the waiver request was not approved, confirming the fine amount of ₹2,71,400 inclusive of GST.

Regulatory Compliance Details

BSE alleged that Microse India was not in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. While the company had submitted most required documents on May 28, 2025, the Statement on Impact of Audit Qualification required resubmission on July 17, 2025.

Impact Assessment

Current Status

The company has fully settled the outstanding fine amount and confirmed no remaining non-compliance issues with BSE. Microse India remains committed to ensuring strict compliance with all applicable regulatory requirements going forward. The company disclosed this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on March 6, 2026.