Acknit Industries has confirmed its compliance with procedures for handling dematerialized shares. For the recent quarter, the company processed securities received from depository participants, ensuring they were accepted or rejected appropriately and listed on the stock exchanges. Physical share certificates received for dematerialization were verified, mutilated, and cancelled, with the names of depositories duly updated in the register of members. This ensures accurate and up-to-date shareholder records, facilitating transparent and efficient share trading for investors.