NGL Fine-Chem Limited has submitted its mandatory compliance certificate to stock exchanges for the quarter ended March 31, 2026. The pharmaceutical company filed the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 6, 2026.

Regulatory Filing Details

The compliance certificate was submitted to both major Indian stock exchanges where the company's shares are listed. Company Secretary Shivam Gharat signed the submission letter on behalf of NGL Fine-Chem Limited.

Certificate Confirmation

Purva Sharegistry (India) Pvt. Ltd., serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on April 1, 2026. The certificate confirms adherence to SEBI regulations regarding dematerialisation processes during the quarter.

Regulatory Compliance Framework

The certificate validates that securities received from depository participants for dematerialisation were properly processed during the quarter ended March 31, 2026. Purva Sharegistry confirmed that all security certificates were appropriately mutilated and cancelled after verification by depository participants.

Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, signed the confirmation certificate, ensuring that the company's register of members was updated with depositories' names as registered owners within prescribed timelines. This regulatory filing demonstrates NGL Fine-Chem Limited's continued compliance with SEBI's depositories and participants regulations.

NGL Fine Chem Limited has announced a positive development in its credit rating assessment, with CRISIL Ratings revising the company's outlook while maintaining its existing rating levels. The company informed the stock exchanges about this rating revision on March 13, 2026.

Credit Rating Revision Details

CRISIL Ratings has made specific changes to NGL Fine-Chem Limited's credit assessment through their communication dated March 12, 2026. The rating agency has taken a more optimistic view of the company's financial prospects while maintaining confidence in its current rating levels.

Regulatory Compliance

The company has fulfilled its disclosure obligations under the Securities and Exchange Board of India regulations. NGL Fine-Chem Limited communicated this rating revision to both BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Rating Implications

The upgrade from 'Negative' to 'Stable' outlook on long-term bank loan facilities indicates CRISIL's improved confidence in the company's financial stability and business prospects. While the actual ratings remain unchanged, the outlook revision suggests reduced concerns about potential downgrades in the near term. The reaffirmation of both long-term and short-term ratings demonstrates maintained creditworthiness at current levels.

Corporate Communication

Company Secretary Shivam Gharat signed the official communication to the stock exchanges, ensuring proper documentation and regulatory compliance. The formal notification process was completed within the required timeframe, with the company requesting exchanges to take the information on record for investor awareness.