Mukand Limited has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations 2018 to both BSE Limited and National Stock Exchange of India Limited. The certificate covers the quarter ended March 31, 2026, demonstrating the company's adherence to regulatory requirements for securities management.

Regulatory Compliance Certificate Details

The compliance certificate was issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 by KFin Technologies Limited, which serves as the Registrar and Share Transfer Agent for Mukand Limited. Company Secretary Rajendra Sawant digitally signed and submitted the certificate on April 7, 2026.

Compliance Confirmations

KFin Technologies Limited confirmed adherence to several key regulatory requirements during the reporting period. The registrar confirmed that all dematerialization requests received from depository participants were processed within the mandated 15-day timeframe.

The compliance activities included:

• Confirmation of demat requests through approval or rejection processes
• Verification that securities in certificates were listed on appropriate stock exchanges
• Proper mutilation and cancellation of security certificates after verification
• Substitution of depository names in the register of members for approved demat requests

Operational Framework

KFin Technologies Limited operates from its main operations center located in Hyderabad's Financial District at Selenium Tower B. The company maintains its registered office in Mumbai and holds Corporate Identity Number L72400MH2017PLC444072.

The systematic submission of this compliance certificate reflects Mukand Limited's commitment to maintaining transparency and regulatory adherence in its securities management processes. The certificate serves as formal documentation of the company's compliance with SEBI's depositories regulations for the fourth quarter of fiscal year 2026.

Mukand Limited has officially filed its annual disclosure with stock exchanges on April 03, 2026, confirming that it does not qualify as a Large Corporate under the Securities and Exchange Board of India (SEBI) regulatory framework as on March 31, 2026.

Official Filing and Regulatory Compliance

The company submitted its formal disclosure to both BSE Limited and National Stock Exchange of India Limited, referencing SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, read with SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. The filing confirms that Mukand Limited does not meet the criteria specified in para 2.2 of the SEBI circular for Large Corporate identification.

Financial Position and Borrowings

Mukand Limited reported significant financial metrics in its disclosure, showing the company's borrowing position and credit profile. The company's outstanding borrowings have increased year-over-year, reflecting its ongoing business operations and capital requirements.

Credit Rating Profile

The company maintains comprehensive credit ratings from CRISIL Ratings across various financial instruments and facilities, demonstrating stable financial standing.

Regulatory Framework Implications

Since Mukand Limited does not qualify as a Large Corporate under SEBI guidelines, the company stated that "the requirement for submission of annual disclosure for the financial year 2025-2026, as per para 4 of the said SEBI Circular dated November 26, 2018, is not applicable to Mukand Limited." This exempts the company from mandatory borrowing requirements through debt securities that would otherwise apply to Large Corporates.

The disclosure was digitally signed by Rajendra Sawant, Company Secretary, and Dhanesh K Goradia, Chief Financial Officer, confirming the company's compliance with regulatory requirements and its current classification status under SEBI guidelines.