Swarnsarita Jewels India Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI's depositories and participants regulations for the quarter ended March 31, 2026. The submission demonstrates the company's adherence to mandatory compliance protocols governing securities dematerialisation processes.

Regulatory Compliance Submission

The company submitted the compliance certificate on April 15, 2026, addressing the requirements under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate was signed by Deepak Suthar, Company Secretary and Compliance Officer, and submitted to the Assistant General Manager, Department of Corporate Services at BSE Limited.

Share Transfer Agent Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited) provided the confirmation certificate as the appointed share transfer agent. The certificate, dated April 3, 2026, and signed by Ashok Shetty, Senior Vice President-Corporate Registry, confirms compliance with dematerialisation procedures during the quarter.

The share transfer agent confirmed that securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed. All securities were confirmed to the depositories within prescribed timelines, and the securities comprised in the certificates have been listed on stock exchanges where the company's previously issued securities are listed.

Dematerialisation Process Compliance

The confirmation certificate validates that proper procedures were followed for securities dematerialisation during the quarter. Key compliance aspects include:

• Securities received for dematerialisation were confirmed or rejected to depositories
• Security certificates received were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners
• All processes were completed within prescribed regulatory timelines

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency and proper handling of securities transactions through the depository system. The submission maintains the company's good standing with regulatory requirements governing securities market operations.

Mark Corporate Advisors Private Limited has issued an offer opening public announcement for the open offer to public shareholders of Swarnsarita Jewels India Limited on April 2, 2026. The announcement was published in Business Standard (English and Hindi editions) and Navshakti (Marathi) as required under SEBI (SAST) Regulations 2011.

Open Offer Details

The open offer seeks to acquire up to 47,94,987 fully paid-up equity shares of ₹10 each at an offer price of ₹32.15 per equity share. This represents 22.97% of the voting share capital of the target company.

The acquirers include Mr. Mahendra Madanlal Chordia (Acquirer 1), Mrs. Asha M Chordia (Acquirer 2), Mr. Sunny Mahendra Chordia (Acquirer 3), and Swarnsarita Jewellers Private Limited as the Person Acting in Concert (PAC).

Committee Recommendation

The Committee of Independent Directors (IDC) of the target company issued its recommendation on March 30, 2026, stating that the offer price of ₹32.15 per equity share is fair and reasonable. The IDC reviewed the Public Announcement dated January 22, 2026, Detailed Public Statement dated January 30, 2026, and Letter of Offer dated March 18, 2026 before making this recommendation.

Tendering Schedule

The revised schedule shows the tendering period running from April 6, 2026 (Offer Opening Date) to April 20, 2026 (Offer Closing Date). The Letter of Offer dispatch to public shareholders was completed by March 25, 2026.

Current Shareholding

As of the announcement date, the acquirers and PAC collectively hold 1,08,62,613 equity shares, representing 52.03% of the voting share capital of the target company. Mr. Mahendra Madanlal Chordia serves as Managing Director while Mr. Sunny Mahendra Chordia is the Whole Time Director of the target company.

Regulatory Compliance

The open offer is being conducted in compliance with SEBI (SAST) Regulations 2011 and will be implemented through the stock exchange mechanism. SEBI issued observation letter No I/7004/2026 dated March 13, 2026, and the comments have been incorporated into the Letter of Offer. The offer is voluntary under Regulation 6 of SEBI (SAST) Regulations 2011.

Tendering Process

Public shareholders can participate through registered stockbrokers during normal trading hours. For physical shares, shareholders need to provide name, address, distinctive numbers, folio numbers and other relevant documents along with Form SH-4. For dematerialized shares, shareholders must approach their stockbrokers with delivery instructions in off-market mode to the Depository Escrow Account.

The acquirers and PAC may withdraw the offer under specific conditions outlined in Regulation 23(1) of SEBI (SAST) Regulations 2011, including non-receipt of required statutory approvals or other circumstances deemed appropriate by SEBI.