Shardul Securities Limited has submitted its quarterly compliance certificate under SEBI (Depositories and Participant) Regulations, 2018 for the quarter ended 31st March 2026 to the Bombay Stock Exchange. The submission, dated 7th April 2026, fulfills the company's regulatory obligations under Regulation 74(5) of the SEBI framework.

Regulatory Compliance Certificate

The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the registrar and share transfer agent for Shardul Securities Limited. The document confirms compliance with dematerialisation requirements for the fourth quarter of fiscal year 2026.

Certificate Confirmation Details

MUFG Intime India Private Limited confirmed that securities received from depository participants for dematerialisation during the quarter ended 31st March 2026 were properly processed. The registrar verified that all securities comprised in the certificates have been listed on stock exchanges where the company's previously issued securities are traded.

The certificate also confirms that:

• Security certificates received for dematerialisation were confirmed or rejected within prescribed timelines
• Received certificates were mutilated and cancelled after due verification by the depository participant
• Names of depositories have been substituted in the register of members as registered owners

Corporate Information

Shardul Securities Limited operates under CIN L50100MH1985PLC036937 and maintains its registered office at G 12, Tulsiani Chambers, Nariman Point, Mumbai. The compliance certificate was signed by Daya Bhalia, Company Secretary & Director, while the registrar certificate was executed by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited.

This quarterly submission demonstrates the company's commitment to maintaining regulatory compliance and transparency in its depository operations, ensuring proper handling of securities dematerialisation processes as mandated by SEBI regulations.

Shardul Securities Limited has formally notified BSE Limited of the resignation of Independent Director Mr. Gychand Pipara, effective March 30, 2026. The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Gychand Pipara (DIN: 01773749) submitted his resignation letter on March 30, 2026, through email communication to the company. The resignation takes immediate effect from the same date, citing specific personal and professional reasons for his departure.

Reasons for Resignation

In his resignation letter, Mr. Pipara outlined two primary reasons for stepping down from his position:

• Personal Matters: Preoccupation with personal commitments that require his attention
• Professional Commitments: Increasing professional obligations that limit his availability

Mr. Pipara acknowledged in his letter that due to his limited tenure of approximately four and a half months, he felt unable to meaningfully contribute to the Board's deliberations and the company's overall functioning. He expressed regret about being unable to devote the requisite time and attention to the company's affairs.

Regulatory Compliance

The company has fulfilled all regulatory disclosure requirements under SEBI Listing Regulations. Key compliance aspects include:

Company Communication

The formal intimation was signed by Company Secretary Daya Bhalia (Membership No: A24205) and submitted to BSE Limited with the company's scrip code 512393. The communication included the complete resignation letter and detailed annexures as required under regulatory guidelines.

Mr. Pipara expressed gratitude to the Board and management for their support during his tenure and wished the company continued success in future endeavours. The company has requested BSE Limited to take the resignation on record as part of standard regulatory procedures.