Panjon Limited Submits Q4 FY26 Dematerialization Certificate Under SEBI Regulations
Panjon Limited filed its Q4 FY26 certificate under SEBI Regulation 74(5) through registrar Skyline Financial Services Pvt Ltd. The company processed 900 shares for dematerialization across NSDL and CDSL depositories, with 600 shares accepted and 300 rejected. CDSL showed better acceptance rates at 80% compared to NSDL's 50%. The filing confirms regulatory compliance for share dematerialization processes during the quarter ended 31st March, 2026.
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Panjon Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The certificate was filed with BSE Limited on 4th April, 2026, and signed by Jay Kothari, Managing Director (DIN: 00572543).
Regulatory Compliance Certificate
The certificate was issued by Skyline Financial Services Pvt Ltd, serving as the company's Registrar and Share Transfer Agent. The document confirms that physical share certificates received for dematerialization during the quarter have been processed in accordance with SEBI regulations. The registrar certified that securities have been listed on the stock exchange and that certificates were properly mutilated, cancelled, and transferred to depository records within the mandated 15-day period.
NSDL Dematerialization Activity
During the quarter from 1st January, 2026 to 31st March, 2026, Panjon Limited processed dematerialization requests through NSDL for various shareholders. The activity summary shows specific processing details for individual transactions.
| Parameter: | Details |
|---|---|
| Total Quantity Downloaded: | 400 shares |
| Number of Requests: | 4 |
| Quantity Rejected: | 200 shares |
| Quantity Accepted: | 200 shares |
| Rejection Rate: | 50% |
CDSL Dematerialization Summary
The company also processed dematerialization requests through CDSL during the same period, showing improved acceptance rates compared to NSDL transactions.
| Parameter: | Details |
|---|---|
| Total Quantity Downloaded: | 500 shares |
| Number of Requests: | 4 |
| Quantity Rejected: | 100 shares |
| Quantity Accepted: | 400 shares |
| Rejection Rate: | 20% |
Overall Quarter Performance
Combining both NSDL and CDSL activities, Panjon Limited processed a total of 900 shares for dematerialization during Q4 FY26. Out of these, 600 shares were successfully accepted while 300 shares were rejected. The processing involved 8 total requests from various shareholders, with processing times ranging from 2 to 5 days. The certificate filing ensures compliance with SEBI's depositories regulations and maintains transparency in the company's share transfer operations.
What measures will Panjon Limited implement to reduce the high 50% rejection rate for NSDL dematerialization requests in future quarters?
How might the company's dematerialization processing efficiency impact investor confidence and share liquidity going forward?
Will Panjon Limited consider switching to a more efficient registrar given the significant difference in rejection rates between NSDL and CDSL?
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