McDowell Holdings has received a confirmation from its Registrar and Transfer Agent regarding the processing of share dematerialization requests for the recent quarter.

The RTA confirmed that all securities received from depository participants for dematerialization were duly processed, either accepted or rejected, and subsequently listed on stock exchanges.

Physical certificates were mutilated and cancelled, with depositories recorded as the new owners within the stipulated timeframe.

This ensures accurate and efficient management of shareholder records.