Saven Technologies Limited has fulfilled its quarterly regulatory compliance requirements by submitting the mandatory certificate under SEBI (Depositories and Participants) Regulations, 2018 for Q4FY26. The submission demonstrates the company's adherence to securities market regulations and proper handling of dematerialization processes.

Regulatory Compliance Details

The certificate was submitted under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, covering the quarter ended March 31, 2026. This regulation requires companies to confirm proper handling of securities dematerialization processes through their registrar and transfer agents.

Certificate Confirmation

XL Softech Systems Limited, serving as the Registrar and Share Transfer Agent, issued the compliance certificate confirming several key aspects of dematerialization handling. The certificate confirms that securities received from depository participants for dematerialization during Q4FY26 were properly processed and confirmed to the depositories.

The registrar also confirmed that security certificates received for dematerialization were mutilated and cancelled after due verification by the depository participant. Additionally, the names of the depositories were substituted in the register of members as registered owners within the stipulated 30-day period.

Administrative Details

Company Secretary Vasista Raghava Padmannagari digitally signed and submitted the certificate to BSE Limited's Listing Compliance Department. The digital signature was applied on April 2, 2026, at 16:07:46 +05'30', ensuring proper authentication of the regulatory submission.

This quarterly compliance submission reflects Saven Technologies Limited's commitment to maintaining proper regulatory standards and ensuring transparent handling of securities dematerialization processes as required by SEBI regulations.

Saven Technologies Limited's independent directors held their statutory meeting on March 24, 2026, conducting comprehensive assessments of board governance and operational effectiveness. The meeting addressed critical governance parameters as part of the company's regulatory compliance framework.

Key Meeting Outcomes

The independent directors' meeting covered three primary areas of assessment, each focusing on different aspects of corporate governance and board effectiveness.

Board Performance Evaluation

The independent directors conducted a thorough review of the performance of non-independent directors and assessed the Board of Directors' collective effectiveness. This evaluation process forms a crucial component of the company's governance framework, ensuring accountability and performance standards across all board members.

Chairperson Performance Assessment

The meeting included a comprehensive review of the chairperson's performance, incorporating perspectives from both executive directors and non-executive directors. This multi-dimensional assessment approach ensures a balanced evaluation of leadership effectiveness at the board level.

Information Flow Assessment

The independent directors evaluated the quality, quantity, and timeliness of information flow between the company's management and the Board of Directors. This assessment ensures that board members receive adequate and timely information necessary for effective decision-making and reasonable performance of their fiduciary duties.

Regulatory Compliance

The meeting was conducted in accordance with regulatory requirements, with Company Secretary Vasista Raghava Padmannagari overseeing the proceedings. The outcomes have been formally communicated to BSE Limited as part of the company's transparency and disclosure obligations.