Saraswati Commercial (India) Limited has submitted its quarterly compliance certificate to BSE Limited for the quarter ended March 31, 2026, in accordance with regulatory requirements. The filing, dated April 6, 2026, demonstrates the company's adherence to mandatory disclosure norms under SEBI regulations.

Regulatory Compliance Filing

The certificate was filed under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly reporting of securities dematerialization activities. Company Secretary and Compliance Officer Avani Sanghavi submitted the documentation to BSE's Corporate Relationship Department on behalf of the company.

Registrar Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serves as the company's registrar and share transfer agent. The registrar issued the compliance certificate confirming that all required details of securities dematerialized during the quarter have been properly furnished to the depositories and stock exchanges.

Damodar Kambli, Assistant Vice President at MUFG Intime India Private Limited, signed the certificate on behalf of the registrar. The confirmation ensures that the company has met its obligations regarding the reporting of dematerialized securities transactions during the specified quarter.

Corporate Information

Saraswati Commercial (India) Limited operates from its registered office at Arcadia Building, Nariman Point, Mumbai. The company maintains its compliance framework through designated officers and external service providers to ensure adherence to regulatory requirements.

The quarterly filing represents part of the company's ongoing regulatory compliance activities, ensuring transparency in securities transactions and maintaining good standing with market regulators and stock exchanges.

Saraswati Commercial (India) Limited has successfully completed the conversion of its partly paid-up equity shares in Bharti Airtel Limited into fully paid-up shares following the payment of call money amounting to ₹23,56,18,815. The company disclosed this completion under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Completion

Bharti Airtel Limited converted the partly paid-up equity shares into fully paid-up shares on March 18, 2026 at 10:51 p.m., following the receipt of call money. The call money was subsequently debited from Saraswati Commercial's bank account, completing the acquisition process that was initially disclosed on March 13, 2026.

Share Conversion Process

The 5,87,212 partly paid-up equity shares have been converted into an equal number of fully paid-up equity shares. These converted shares will be credited to the company's demat account and listed on stock exchanges, subject to Bharti Airtel Limited completing necessary formalities including corporate actions and obtaining requisite listing and trading approvals from the exchanges.

Investment Context

Saraswati Commercial (India) Limited operates as a Non-Banking Financial Company (NBFC) engaged in investing in shares and securities. The investment in Bharti Airtel Limited was made in the ordinary course of business as a financial investor. The total call money payment exceeded the threshold specified under Regulation 30(4)(i)(c)(2) of the SEBI regulations, being more than 2% of the net worth as per the last audited consolidated financial statements.

Target Company Profile

Bharti Airtel Limited, incorporated on July 7, 1995, is primarily engaged in telecommunication services in India with global presence. The company demonstrates consistent financial performance across recent years.

Shareholding Impact

Upon completion of the conversion process, Saraswati Commercial's shareholding percentage remains unchanged at 0.01% of Bharti Airtel Limited's share capital. The transaction does not constitute a related party transaction, and no governmental or regulatory approvals were required for this acquisition. The conversion represents the final step in the share acquisition process that began with the initial call money payment.