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Sainik Finance & Industries received and submitted a certificate from its Registrar and Share Transfer Agent regarding share dematerialization processes for the recent quarter. This certificate confirms that all securities received for dematerialization were duly processed, accepted or rejected, and subsequently listed on stock exchanges. Furthermore, physical share certificates converted to dematerialized form were appropriately mutilated and cancelled, with depositories' names updated in the register of members within 15 days. This ensures proper handling of investor share conversions and maintains accurate ownership records, vital for transparency and investor confidence.