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

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 on 3rd April 2026. Company Secretary Krinisha Sanghvi (ACS: A74032) signed and submitted the compliance document to BSE's Corporate Service Department.

Registrar Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate. The RTA confirmed proper handling of dematerialisation processes during the quarter.

Key Confirmations Made

The registrar certified several critical compliance aspects:

• Securities received from depository participants for dematerialisation during Q4FY26 were confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were confirmed or rejected appropriately
• Security certificates were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners within prescribed timelines

Corporate Information

The submission demonstrates the company's adherence to SEBI's regulatory framework governing depositories and participants, ensuring transparent and compliant handling of securities dematerialisation processes during the reporting quarter.

Nidhi granites Limited has announced the sale of its step-down subsidiary Fine Papyrus Private Limited as part of its strategic business restructuring initiative. The transaction, executed through a share purchase agreement dated March 16, 2026, involves the complete divestment of the paper and packaging business entity.

Transaction Structure and Parties

SPNP Paper and Pack Private Limited, a wholly owned subsidiary of Nidhi Granites Limited, has entered into the share purchase agreement with NGL Corporation Private Limited. The deal involves the sale of 100% shareholding in Fine Papyrus Private Limited, which currently operates as a step-down subsidiary of the listed company.

Financial Terms and Consideration

The transaction carries a cash consideration of ₹3,24,62,100 for the complete disposal of Fine Papyrus Private Limited. The original acquisition cost of the shares was at face value of ₹10 per equity share at the time of incorporation or subscription, indicating a significant appreciation in the subsidiary's value over time.

Business Profile and Strategic Rationale

Fine Papyrus Private Limited operates in the paper and packaging industry and was incorporated under the Companies Act, 1956. The company is currently engaged in paper and packaging related activities as a wholly owned subsidiary of SPNP Paper and Pack Private Limited.

The disposal forms part of Nidhi Granites Limited's business restructuring strategy and represents a strategic decision to divest the step-down subsidiary. The transaction does not involve any related party elements, and the promoter group has no interest in the acquiring entity.

Regulatory Compliance and Timeline

The transaction requires no material governmental approvals, streamlining the completion process. The deal is expected to be finalized within 30 days from the execution of the share purchase agreement, or such other mutually agreed date between the parties.

Upon successful completion of the transaction, Fine Papyrus Private Limited will cease to be a step-down subsidiary of Nidhi Granites Limited, marking the company's exit from this particular segment of the paper and packaging business.