Palred technologies has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations for the quarter ended March 31, 2026. The filing demonstrates the company's adherence to regulatory requirements for securities dematerialization processes.

Compliance Certificate Details

The compliance certificate was filed with both BSE Limited and National Stock Exchange of India Limited on April 11, 2026. The document certifies that securities received for dematerialization have been properly processed according to regulatory guidelines.

Dematerialization Process Confirmation

Based on certificates received from KFIN Technologies Limited, the company's Registrar and Transfer Agent, Palred Technologies confirmed that all securities received for dematerialization were mutilated and cancelled after due verification. The depository's name was substituted in the company's records as the registered owner within the stipulated time of receipt of the certificate of security.

The company further certified that dematerialized securities are listed on the same stock exchanges where the earlier issued securities are listed, ensuring continuity in trading arrangements.

Registrar and Transfer Agent Certificates

KFIN Technologies Limited, serving as the Registrar to an Issue and Share Transfer Agent, provided supporting certificates to both major depositories. The certificates were issued on April 1, 2026, to Central Depository Services (India) Limited and National Securities Depository Limited.

Ganesh Chandra Patro, Deputy Vice President at KFIN Technologies Limited, signed both certificates confirming that details of securities dematerialized and rematerialized during the quarter were furnished to all stock exchanges where the company's shares are listed.

Regulatory Compliance

The filing ensures compliance with SEBI (Depositories and Participants) Regulations 2018, specifically Regulation 74(5), which mandates quarterly reporting of dematerialization activities. This regulatory framework ensures transparency and proper record-keeping in the securities dematerialization process, protecting investor interests and maintaining market integrity.

Palred Technologies Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, presenting a mixed performance with standalone profitability contrasting against consolidated losses. The Board of Directors approved these results at their meeting held on February 13, 2026.

Standalone Financial Performance

The company's standalone operations demonstrated resilience with continued profitability, though at reduced levels compared to the previous year. Total income for Q3FY26 reached ₹129.00 lakhs, marginally declining from ₹136.81 lakhs in Q3FY25.

For the nine-month period ended December 31, 2025, standalone total income was ₹406.40 lakhs compared to ₹400.63 lakhs in the corresponding period of FY25. Profit after tax for nine months stood at ₹204.99 lakhs against ₹251.26 lakhs in the previous year.

Consolidated Financial Results

The consolidated performance painted a different picture, with the company reporting losses across quarters. Q3FY26 consolidated revenue from operations was ₹1,808.35 lakhs, down from ₹2,032.65 lakhs in Q3FY25, representing an 11.03% decline.

Despite the losses, the consolidated results showed improvement with the loss after tax reducing by 35.91% compared to the same quarter last year. For the nine-month period, consolidated revenue from operations was ₹5,536.95 lakhs versus ₹6,816.51 lakhs in the previous year, while the loss after tax increased to ₹621.24 lakhs from ₹556.82 lakhs.

Expense Analysis and Operational Metrics

On a standalone basis, total expenses for Q3FY26 were ₹42.71 lakhs compared to ₹37.98 lakhs in Q3FY25. The increase was primarily driven by higher other expenses of ₹22.73 lakhs versus ₹17.93 lakhs in the previous year. Employee benefits expense remained relatively stable at ₹18.52 lakhs.

Consolidated expenses showed mixed trends with cost of materials consumed at ₹1,278.11 lakhs in Q3FY26 compared to ₹1,081.04 lakhs in Q3FY25. Employee benefits expense increased to ₹278.04 lakhs from ₹226.58 lakhs, while finance costs decreased to ₹119.85 lakhs from ₹135.87 lakhs.

Earnings Per Share and Tax Position

Standalone basic and diluted earnings per share for Q3FY26 were ₹0.50 compared to ₹0.54 in Q3FY25. For the nine-month period, EPS stood at ₹1.68 versus ₹2.05 in the previous year. On a consolidated basis, the company reported loss per share of ₹0.82 for Q3FY26, an improvement from the loss per share of ₹1.34 in Q3FY25.

The company's tax expense for Q3FY26 included current tax of ₹21.63 lakhs and income tax relating to earlier years of ₹3.34 lakhs, totaling ₹24.97 lakhs compared to ₹33.14 lakhs in Q3FY25.

Corporate Structure and Subsidiaries

The consolidated results encompass Palred Technologies Limited and its subsidiaries including Palred Technology Services Private Limited, Palred Electronics Private Limited, Palred Retail Private Limited, and step-down subsidiaries in Hong Kong, China, and Turkey. The company maintains a paid-up equity share capital of ₹1,223.26 lakhs with a face value of ₹10 per share.

The financial results have been prepared in accordance with Indian Accounting Standards and were reviewed by the statutory auditors M S K C & Associates LLP. The results will be made available on the company's website and stock exchange platforms for stakeholder reference.