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The company has confirmed compliance with regulations concerning dematerialization of shares. Its Registrar and Share Transfer Agent reported that all securities received for dematerialization up to the specified quarter-end were promptly confirmed to depositories. These dematerialized shares are listed on the stock exchange. Furthermore, physical certificates were properly mutilated, cancelled, and depositories were registered as owners in the company's records within the stipulated timeframe. This ensures smooth processing of shareholder requests for converting physical shares to electronic form.