Polyplex Corporation Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The submission, made on April 10, 2026, demonstrates the company's adherence to regulatory requirements for equity share dematerialization processes.

Regulatory Compliance Submission

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both BSE Limited and National Stock Exchange of India Limited. Company Secretary Ashok Kumar Gurnani signed and submitted the compliance documentation to fulfill the quarterly reporting obligations.

KFIN Technologies Confirmation

KFIN Technologies Limited, serving as the company's Registrar and Transfer Agent, provided the compliance certificate confirming proper handling of dematerialization requests. S R Ramesh, DVP Corporate Registry at KFIN Technologies, certified the company's adherence to regulatory timelines and procedures.

The registrar confirmed completion of the following processes during the quarter:

• Demat Request Processing: All dematerialization requests were confirmed within 15 days of receipt from depository participants
• Listing Verification: Securities comprised in certificates were confirmed as listed on appropriate stock exchanges
• Certificate Cancellation: Physical security certificates were properly mutilated and cancelled after verification
• Register Updates: Depository names were substituted in the register of members as registered owners for approved requests

Operational Framework

The compliance certificate represents standard quarterly reporting under SEBI regulations, ensuring transparency in the dematerialization process for equity shareholders. KFIN Technologies maintains operations from its Hyderabad center while maintaining its registered office in Mumbai, providing comprehensive registry services for listed companies.

This regulatory submission maintains Polyplex Corporation's compliance status with SEBI requirements, supporting continued trading of its equity shares on both major Indian stock exchanges.

Polyplex corporation Limited has announced the voluntary dissolution of its US-based step-down subsidiary, PAR LLC, effective March 27, 2026. The company informed stock exchanges about the termination through regulatory filings pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Subsidiary Dissolution Details

PAR LLC, USA was domiciled in the United States of America and operated as a step-down subsidiary of Polyplex Corporation Limited. The dissolution process was completed following requisite filings with the Secretary of State of the State of Texas. The company received email communication dated March 27, 2026, confirming the voluntary dissolution.

Financial Impact and Performance

The dissolved subsidiary had minimal financial contribution to the parent company's operations. According to the regulatory disclosure, PAR LLC's financial performance during Financial Year 2024-25 showed specific metrics that highlight its limited operational scope.

Asset Liquidation Process

Prior to dissolution, PAR LLC completed the liquidation of its assets in an orderly manner. The subsidiary remitted the entire capital contribution along with any surplus generated to its immediate parent company. This process ensured that all value was recovered and transferred within the corporate structure before the formal dissolution.

Regulatory Compliance

The announcement was made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. Company Secretary Ashok Kumar Gurnani signed the regulatory filing, ensuring all disclosure requirements under Regulation 30 of the Listing Regulations were met.

Corporate Structure Impact

The dissolution of PAR LLC represents a streamlining of Polyplex Corporation's international subsidiary structure. Given the subsidiary's nil turnover and minimal net worth contribution of 0.25%, the dissolution is unlikely to have material impact on the parent company's operational or financial performance. The effective dissolution date of March 27, 2026, marks the formal conclusion of PAR LLC's corporate existence in the United States.