Nahar Spinning Mills Limited — Important, 04-12-2024: Updates

During November 2024, Nahar Spinning Mills Ltd. successfully dematerialized a total of 38,080 equity shares, which includes 34,414 shares transferred to the IEPF. After verification, share certificates were canceled and replaced with the name of the depository as the registered owner in the company’s records. As of now, the total holding with National Securities Depository Ltd. (NSDL) and Central Depository Services Ltd. (CDSL) stands at 3,55,89,114 equity shares. This transition to dematerialization may enhance liquidity and ease trading for shareholders, indicating a positive shift towards modernizing the company’s share structure. Investors should monitor the implications of this move on the company’s stock performance.