Purshottam Investofin Rectifies Clerical Error in NCD Put Option Exercise Period

1 min read     Updated on 06 May 2026, 12:00 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Purshottam Investofin Limited has disclosed a clerical error in its Board Meeting outcome dated 14.03.2026 and NCD allotment dated 24.03.2026, wherein the Put Option exercise period was incorrectly stated as 6 months instead of 16 months from the Deemed Date of Allotment. The correction was formally communicated to BSE Limited on 05.05.2026 by Company Secretary and Compliance Officer Ankit Gupta. The company has requested the exchange to record the rectification.

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Purshottam Investofin Limited has notified BSE Limited of a clerical error in two key corporate filings—the Outcome of its Board Meeting dated 14.03.2026 and the Allotment of Non-Convertible Debentures (NCDs) dated 24.03.2026. The company, in a communication dated 05.05.2026, sought to have the correction placed on record with the exchange.

Nature of the Clerical Error

The error relates to the Put Option exercise period associated with the NCD allotment. The company clarified that the investor's right to exercise the Put Option was inadvertently mentioned as being available after completion of 6 months from the Deemed Date of Allotment, whereas the correct period is 16 months.

The key details of the correction are summarised below:

Parameter: Details
Board Meeting Date: 14.03.2026
NCD Allotment Date: 24.03.2026
Correction Communication Date: 05.05.2026
Incorrect Put Option Period: 6 months from Deemed Date of Allotment
Corrected Put Option Period: 16 months from Deemed Date of Allotment

Company Communication

The correction was communicated to BSE Limited via a formal letter addressed to Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The letter was signed by Ankit Gupta, Company Secretary and Compliance Officer of Purshottam Investofin Limited, and digitally authenticated on 05.05.2026. The company has requested the exchange to take the above correction on record.

Historical Stock Returns for Purshottam Investofin

1 Day5 Days1 Month6 Months1 Year5 Years
+8.32%-14.03%+15.96%-0.65%-11.75%+403.31%

How might the extended 16-month Put Option period impact investor sentiment and secondary market liquidity for Purshottam Investofin's NCDs compared to the originally stated 6-month period?

Could this clerical error in regulatory filings trigger heightened scrutiny from SEBI or BSE on Purshottam Investofin's future corporate governance and compliance practices?

What precedent does this correction set for NCD investors who may have made investment decisions based on the incorrect 6-month Put Option period, and could they seek any legal recourse?

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Purshottam Investofin Limited Submits SEBI Compliance Certificate for Quarter Ended March 31, 2026

1 min read     Updated on 06 Apr 2026, 06:22 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Purshottam Investofin Limited submitted its confirmation certificate under SEBI Regulation 74(5) for Q4 FY26 to BSE Limited on April 6, 2026. The certificate, issued by RTA MAS Services Limited, confirms compliance with dematerialization processes during January-March 2026, including timely processing of securities within 15-day regulatory requirements and proper updating of member registers and depository records.

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Purshottam Investofin Limited has submitted its quarterly confirmation certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories & Participants) Regulation, 2018. The submission, made on April 6, 2026, covers the quarter ended March 31, 2026.

Regulatory Compliance Certificate

The certificate was issued by MAS Services Limited, the company's registrar and transfer agent (RTA), in accordance with Regulation 74(5) of SEBI regulations. Company Secretary and Compliance Officer Ankit Gupta formally submitted the documentation to BSE Limited on behalf of Purshottam Investofin Limited.

Parameter: Details
Reporting Period: January 1, 2026 to March 31, 2026
Submission Date: April 6, 2026
Regulatory Framework: SEBI (Depositories & Participants) Regulation, 2018
Issuing Authority: MAS Services Limited (RTA)

Dematerialization Process Confirmation

MAS Services Limited confirmed that all securities received from depository participants for dematerialization during the reporting period were processed in compliance with regulatory requirements. The RTA verified that securities were confirmed (accepted/rejected) to depositories within the mandated 15-day timeframe upon receipt of certificates from participants.

The confirmation certificate outlined several key compliance areas:

  • Securities certificates received for dematerialization were properly mutilated and cancelled after due verification
  • Depository names were substituted in the register of members as registered owners within 15 days
  • Updates were communicated to depositories and stock exchanges within the prescribed 15-day limit
  • Member registers were updated accordingly for all transactions

Corporate Information

Purshottam Investofin Limited operates from its registered office in New Delhi and maintains compliance with various regulatory frameworks. The company's systematic approach to regulatory submissions demonstrates its commitment to maintaining transparency and adherence to SEBI guidelines.

Company Details: Information
CIN: L65910DL1988PLC033799
Registered Office: L-7, Menz Floor, Greenpark Extension, New Delhi -110016
Contact: 011-46067802
Email: purshottaminvestofin@gmail.com

The submission of this quarterly certificate reflects the company's ongoing compliance with SEBI regulations governing depositories and participants, ensuring proper handling of dematerialization processes and maintenance of accurate member records.

Historical Stock Returns for Purshottam Investofin

1 Day5 Days1 Month6 Months1 Year5 Years
+8.32%-14.03%+15.96%-0.65%-11.75%+403.31%

Will SEBI introduce stricter dematerialization timelines beyond the current 15-day requirement in upcoming regulatory updates?

How might Purshottam Investofin's compliance track record position it for potential business expansion or new depository partnerships?

What impact could increased digitization of securities processing have on traditional RTAs like MAS Services Limited?

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