Shah Alloys Limited has submitted a certificate in compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This certificate pertains to the quarter that concluded on December 31, 2025.

The company received this certification from its Registrar and Share Transfer Agent, Bigshare Services Private Limited. The certificate confirms that all securities received from depository participants for dematerialization purposes up to December 31, 2025, were processed and confirmed with the depositories. It also states that the securities have been listed on the stock exchange where the company's existing securities are traded.

Furthermore, Bigshare Services Private Limited has verified that the security certificates submitted for dematerialization have been duly cancelled and the depositories have been substituted as the registered owners within the stipulated 15-day period from the receipt of the certificates.