Piccadily sugar & allied Industries Limited has filed its quarterly compliance certificate with BSE Limited, confirming adherence to SEBI Depositories and Participants Regulations for the quarter ended March 31, 2026. The submission, dated April 06, 2026, demonstrates the company's commitment to regulatory compliance in securities dematerialization processes.

Regulatory Compliance Details

The compliance certificate was issued by Mas Services Limited, the company's registrar and transfer agent, on April 02, 2026. The certificate covers the period from January 01, 2026 to March 31, 2026, ensuring compliance with Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Key Compliance Confirmations

Mas Services Limited confirmed several critical compliance aspects in their certificate:

• Timely Processing: Securities received from Depository Participants for dematerialization were confirmed within 15 days of receipt
• Certificate Management: Physical security certificates were properly mutilated and cancelled after due verification
• Register Updates: Depositories were substituted as registered owners in the register of members within the 15-day timeframe
• Exchange Notifications: All relevant stock exchanges were updated within the stipulated time limit

Administrative Framework

The compliance certificate was signed by Kajal Goel, Company Secretary & Compliance Officer of Piccadily Sugar & Allied Industries Limited. Sharwan Mangla, General Manager at Mas Services Limited, authenticated the registrar's confirmation. This dual-signature approach ensures proper verification and accountability in the compliance process.

Corporate Information

Piccadily Sugar & Allied Industries Limited operates with its registered office located at Jakhal Road, Tehsil Patran, Distt. Patiala, Punjab-147001. The company maintains its corporate office at SCO 51, 1st Floor, Sector 30-C, Near CSIO, Chandigarh-160030. Mas Services Limited, serving as the registrar and transfer agent, is based at T-34 IInd Floor Okhla Industrial Area Phase-II New Delhi 110020.

This quarterly compliance submission reinforces the company's adherence to SEBI regulations governing depositories and participants, ensuring transparent and efficient securities dematerialization processes for stakeholders.

Piccadily Sugar & Allied Industries Limited has successfully completed the allotment of non-convertible, cumulative, non-participating, redeemable preference shares (NCRPS) worth ₹10 crore through private placement following the board meeting held on February 5, 2026.

Board Meeting Outcome

The board meeting commenced at 12:00 noon and concluded at 12:30 PM on February 5, 2026, where directors approved the issuance and allotment of NCRPS under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NCRPS Structure and Terms

The preference shares carry specific features designed for debt settlement purposes with attractive dividend terms for the promoter group entity.

Key Characteristics

The NCRPS structure provides priority dividend rights over equity shares and cumulative dividend entitlements. In case of winding up, these shares rank in priority to equity shares for capital repayment and dividend payments. The shares are non-convertible and cannot be converted into equity shares at any time.

Regulatory Compliance

Company Secretary and Compliance Officer Kajal Goel ensured proper disclosure protocols under SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 regarding preferential allotment. The allotment complies with provisions of the Companies Act, 2013, and the company's Articles of Association.

Company Profile

Piccadily Sugar & Allied Industries Limited operates from its registered office at Jakhal Road, Tehsil Patran, District Patiala, Punjab, with corporate office in Chandigarh. The company trades on BSE under scrip code 507498 and continues to optimize its capital structure through strategic fundraising initiatives.