Sp Refractories Limited — Others, 08-04-2025: Certificate under SEBI (Depositories and Participants) Regulations, 2018

SP Refractories Limited has provided a certificate confirming that no dematerialization requests for its equity shares were received in the quarter ended 31st March 2025. This indicates a stable shareholding structure during this period, suggesting investor confidence may remain intact. The lack of activity in share dematerialization may also signal limited trading activity or interest in the stock, which could impact liquidity. Overall, this update presents a neutral impact on investor sentiment while underscoring the importance of monitoring future trading volumes for assessing market interest.