Suraj estate developers Limited has submitted its mandatory compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter and year ended March 31, 2026. The submission was made to both the National Stock Exchange of India Limited and BSE Limited on April 13, 2026.

Regulatory Compliance Details

The certificate was issued by MUFG Intime India Pvt. Ltd (formerly known as Link Intime India Private Limited), which serves as the company's SEBI-approved Category-I Registrar & Share Transfer Agent. The registrar holds SEBI Registration Number INR000004058 and confirmed compliance with all regulatory requirements for the reporting period.

Certificate Confirmations

MUFG Intime India confirmed several key compliance aspects in their certificate dated April 3, 2026. The registrar verified that all securities received from depository participants for dematerialization during Q4FY26 were properly confirmed to the depositories within prescribed timelines. Additionally, they confirmed that securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are already listed.

Dematerialization Process Compliance

The certificate also confirms adherence to proper dematerialization procedures during the quarter. Security certificates received for dematerialization were appropriately confirmed or rejected, and all received certificates were mutilated and cancelled after due verification by the depository participant. The registrar ensured that depository names were substituted in the register of members as registered owners within the prescribed regulatory timelines.

Corporate Governance

The submission was signed by Mukesh Gupta, Company Secretary & Compliance Officer (ICSI Membership No. F6959), demonstrating the company's commitment to maintaining proper corporate governance standards. The digital signature authentication confirms the authenticity of the regulatory filing and adherence to modern compliance practices.

Suraj Estate Developers Limited has announced the forfeiture of ₹49.87 crore received from convertible warrants after warrant holders failed to exercise their conversion option within the regulatory deadline. The company informed stock exchanges on April 9, 2026, about this development under SEBI listing regulations.

Warrant Allotment Details

The company had originally allotted 13.30 lakh convertible warrants to warrant holders on preferential basis in October 2024. The warrants carried an issue price of ₹750 per warrant, with the company receiving 50% of the issue price as initial subscription amount.

Conversion Deadline and Forfeiture

The warrant holders were required to exercise their conversion option within 18 months from the date of allotment. This deadline expired on April 8, 2026, without any conversion being exercised by the warrant holders. Consequently, the entire subscription amount of ₹49.87 crore has been forfeited by the company.

Regulatory Compliance

The forfeiture has been executed in accordance with provision 163(3) of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure has been made available on the company's website at www.surajestate.com , ensuring transparency and compliance with applicable regulations. Company Secretary and Compliance Officer Mukesh Gupta signed the intimation to stock exchanges, confirming the forfeiture and regulatory compliance.