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SPEL Semiconductor has confirmed its compliance with depository regulations for the recent quarter. The company, through its Share Transfer Agent, affirmed that all securities received for dematerialization were processed, accepted or rejected, and listed on stock exchanges. Physical certificates were duly mutilated and cancelled, with depositories' names updated in the register of members. This ensures proper handling of electronic share conversions, maintaining accurate shareholder records and operational transparency, which is crucial for investor trust.