Raw Edge Industrial Solutions Limited has submitted its quarterly compliance certificate to BSE Limited, confirming zero dematerialization requests for the quarter ended March 31, 2026. The filing, made under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, represents a routine regulatory compliance requirement for listed companies.

Quarterly Compliance Certificate Details

The certificate was filed on April 10, 2026, and signed by Company Secretary and Compliance Officer Shaharyar Saiyad (ACS No. 73857). The document confirms that during the entire quarter from January 1, 2026, to March 31, 2026, neither the company nor its registrar received any requests for dematerialization of equity shares.

Registrar Confirmation

Bigshare Services Private Limited, serving as the company's registrar and transfer agent, provided supporting documentation dated April 6, 2026. The RTA's certificate, signed by authorized signatory Akash Shamal, independently confirmed that no dematerialization requests for equity shares were received during the specified period.

Regulatory Framework

The filing adheres to SEBI's regulatory framework established through multiple circulars and guidelines. The certificate references specific SEBI communications including NSDL/CIR/II/5/2019 dated January 25, 2019, CDSL/OPS/RTA/POLICY/2019/14 dated January 25, 2019, and SEBI letter ref no. MRD/DOP2/DSA2/OW/2019/2498/1 dated January 24, 2019.

Company Information

Raw Edge Industrial Solutions Limited operates as an ISO 9001:2015 and 14001:2015 certified company with CIN L40201MH2005PLC240892. The company maintains its registered office in Mumbai and corporate office in Surat, reflecting its operational presence across key industrial centers in western India.

Raw Edge Industrial Solutions Limited has announced the cancellation of employee stock options granted under its ESOP scheme due to regulatory non-compliance. The company disclosed this development to BSE Limited on March 23, 2026, in accordance with SEBI listing regulations.

ESOP Grant Cancellation Details

The Board of Directors and Nomination and Remuneration Committee resolved to cancel and rescind ab initio the grant of 79,500 employee stock options that were issued on May 18, 2024, to eligible employees under the REISL ESOP 2023 scheme.

Reason for Cancellation

The cancellation was necessitated due to the company's failure to obtain mandatory in-principle approval from BSE Limited prior to granting the options. This approval is required under Regulation 12(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company acknowledged that the grant was made without fulfilling this regulatory requirement, rendering it invalid.

Impact on Shareholding Structure

The cancellation has no material impact on the company's capital structure since no options under the invalid grant had vested or been exercised by the cancellation date. No shares were allotted under the cancelled grant.

The company confirmed that its paid-up equity share capital remains unchanged at Rs. 10,05,84,000, comprising 1,00,58,400 equity shares of Rs. 10 each. Raw Edge Industrial Solutions will reflect nil outstanding ESOPs in its next quarterly shareholding pattern filing with BSE Limited.

Board Meeting Details

The Board of Directors meeting that approved the ESOP cancellation was conducted on March 23, 2026, commencing at 04:00 PM and concluding at 04:33 PM. The disclosure was signed by Shaharyar Saiyad, Company Secretary and Compliance Officer, ensuring compliance with regulatory reporting requirements.