Modern Dairies Limited has submitted its quarterly compliance certificate to BSE Limited for the quarter ended 31st March 2026, fulfilling its regulatory obligations under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company submitted the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on 6th April 2026. The submission was made by Shruti Joshi, Company Secretary and Compliance Officer, through reference number MDL/SECT/BSE/988.

RTA Certificate Confirmation

MCS Share Transfer Agent Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate confirming adherence to regulatory requirements. The certificate validates that the company has met the dematerialization compliance standards for the specified quarter.

The RTA certificate, dated 6th April 2026 with reference number MCSSTA/MRE/03/2026, confirms two critical compliance aspects:

• Securities comprised in the certificates have been listed on stock exchanges
• Certificates have been duly verified, mutilated, cancelled, and the depository name substituted in records as the registered owner

Corporate Information

Modern Dairies Limited maintains its corporate office at Sub City Centre, Sector 34, Chandigarh, with its registered office and works located at G.T. Road, Karnal, Haryana. The company operates under CIN L74899HR1992PLC032998.

Regulatory Framework

The submission ensures compliance with SEBI's depositories regulations, which mandate quarterly certification from companies regarding their dematerialization processes. This regulatory framework maintains transparency and ensures proper handling of securities in electronic form, protecting investor interests and maintaining market integrity.

Modern Dairies Limited's promoter group has completed the conversion of 28,00,000 convertible warrants into equity shares, as disclosed under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The conversion was executed between February 26-27, 2026, with formal disclosures submitted to BSE Limited by the respective promoter entities.

Warrant Conversion Details

The conversion involved warrants originally issued to promoters and promoter group entities on a preferential basis. Each warrant carried the right to convert into one equity share at a predetermined conversion price of Rs. 50 per share.

Promoter Group Participation

The warrant conversion was executed by multiple entities from the promoter and promoter group category. Chandigarh Finance Private Limited led the conversion with 12,00,000 warrants, while other promoter group entities and individual promoters participated proportionally.

Shareholding Pattern Changes

The warrant conversion resulted in significant changes to the shareholding structure. The combined promoter and promoter group shareholding increased from 38.94% to 44.97%, strengthening management control. Chandigarh Finance Private Limited recorded the highest increase, with its stake rising from 4.96% to 8.70%.

Regulatory Compliance

The disclosures were made pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. All required submissions were completed by the respective promoter group entities, with proper intimation to BSE Limited. The newly allotted equity shares rank pari-passu with existing equity shares and are subject to applicable lock-in provisions as per SEBI regulations.