Vistar Amar Limited has submitted its quarterly confirmation certificate to BSE Limited, fulfilling regulatory compliance requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026.

Regulatory Compliance Submission

The company filed the confirmation certificate on 07-04-2026 through Company Secretary and Compliance Officer Poonam Mor. The submission was made to BSE Limited's Listing Compliance Department in accordance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Certificate Details and Confirmation

The confirmation certificate was issued by M/s. Purva Sharegistry (India) Pvt. Ltd, which serves as the company's Registrar and Share Transfer Agent (RTA). Purva Sharegistry holds SEBI registration number INR000001112 as Category 1 Registrar for IPO and Share Transfer services.

Dematerialization Activity Report

The detailed report covering the period from 01/01/2026 to 31/03/2026 shows no dematerialization activity during the quarter. The comprehensive data indicates nil entries across all parameters including folio numbers, shareholder names, certificate numbers, distinctive numbers, shares, and dematerialization dates.

Regulatory Framework Compliance

The submission confirms that the company has adhered to the prescribed regulatory framework. As per Regulation 74(5), the RTA confirmed that any securities received from depository participants for dematerialization would be processed within prescribed timelines, with proper verification and cancellation procedures followed.

The certificate also confirms that securities would be listed on stock exchanges where the company's earlier issued securities are already listed, maintaining consistency in trading platforms and investor accessibility.

Vistar Amar Limited has received formal notification from BSE Limited rejecting its waiver application for a regulatory penalty, marking the conclusion of the company's appeal process against the imposed fine.

Penalty Details and Timeline

BSE Limited had initially levied a penalty of ₹5,42,800 (inclusive of GST) on the company for alleged non-compliance with Regulation 17(1) of the SEBI Listing Regulations. The violation pertained to the composition of the Board of Directors for the quarter ended September 30, 2025.

Company's Response and Current Status

In response to the penalty, Vistar Amar Limited submitted a waiver application to BSE Limited along with the prescribed waiver processing fee of ₹10,800. While the waiver application was pending disposal, the company paid the full penalty amount on December 19, 2025, without prejudice to its rights and contentions.

The company received an email communication dated February 18, 2026, from BSE Limited informing that the waiver application was not accepted and the penalty of ₹5,42,800 stands confirmed.

Regulatory Compliance Update

Vistar Amar Limited has confirmed that the composition of its Board of Directors is now in compliance with Regulation 17(1) of the Listing Regulations with effect from the quarter ended December 31, 2025, and continues to remain compliant thereafter.

Financial Impact Assessment

According to the company's disclosure, there is no material impact on its financials, operations, or other activities resulting from this regulatory action. The penalty payment and associated costs represent the extent of the financial impact from this compliance matter.

Regulatory Framework

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and sub-para 20 of Para A of Part A of Schedule III, which requires companies to inform exchanges about actions taken by regulatory authorities. Regulation 17(1) specifically addresses the composition requirements for company boards, ensuring adequate representation and governance standards.