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The Phosphate Company Limited confirmed that share certificates submitted for dematerialization have been successfully processed. The company, through its Registrar & Transfer Agent, cancelled and mutilated physical share certificates that were confirmed for dematerialization. Subsequently, the Depository's name has been recorded as the registered owner of these shares. This ensures that investors who opted to convert their physical shares into electronic form have had their requests fulfilled, streamlining shareholding and enhancing transparency in compliance with established procedures.