Sandesh Limited has submitted its quarterly compliance certificate to stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI regulatory requirements. The filing demonstrates the company's continued adherence to securities market regulations.

Regulatory Filing Details

The company filed the certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 on April 07, 2026. The submission was made to both major Indian stock exchanges where the company's shares are listed.

Registrar Certification

MCS Share Transfer Agent Limited, serving as the company's registrar and share transfer agent, issued the compliance certificate on April 2, 2026. The certificate confirms that all securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed.

The registrar certified several key compliance aspects:

• Securities received for dematerialisation were confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges
• Security certificates received for dematerialisation were mutilated and cancelled after verification
• Depository names were substituted in the register of members within the required 15-day timeframe

Corporate Compliance

The filing was signed by Hardik Joshi, Company Secretary and Compliance Officer of Sandesh Limited. This quarterly certification is a mandatory requirement under SEBI regulations to ensure proper handling of dematerialisation processes and maintain transparency in securities trading.

MCS Share Transfer Agent Limited, based in Mumbai, continues to serve as the company's registrar, facilitating compliance with depositories and participant regulations. The systematic filing of such certificates reflects the company's commitment to maintaining regulatory compliance and investor protection standards.

Sandesh has delivered a strong financial turnaround in its third quarter performance, marking a significant shift from losses to profitability across key financial metrics compared to the same period in the previous year.

Financial Performance Overview

The company reported impressive results with a complete reversal of its financial position across both net profit and EBITDA metrics. The most notable achievements include the transition from net loss to substantial profitability and a remarkable EBITDA turnaround, demonstrating the company's significantly improved operational capabilities.

Revenue and Profitability Analysis

While the company experienced a marginal decline in revenue, falling from ₹788 million to ₹767 million year-on-year, both profit and EBITDA transformations tell a compelling story of operational improvement. The revenue decrease of ₹21 million represents a relatively modest decline, yet the company managed to achieve remarkable turnarounds across profitability metrics.

Operational Efficiency and Margin Expansion

The contrast between revenue performance and profitability achievements highlights significant improvements in the company's operational efficiency. The EBITDA margin of 26.73% represents a substantial improvement from the previous year's negative EBITDA position, indicating exceptional cost management and operational optimization.

Sandesh's ability to generate ₹391 million in net profit and ₹205 million in EBITDA while managing revenue challenges demonstrates strong financial discipline and effective business strategy execution during the quarter. The EBITDA turnaround of ₹619 million particularly underscores the company's enhanced operational performance.