Housing Development and Infrastructure Limited has confirmed its compliance with processes for handling dematerialized shares.

The company's Registrar and Share Transfer Agent has verified that shares received for electronic conversion were correctly processed, accepted or rejected, and listed on stock exchanges.

Physical share certificates received for dematerialization were also cancelled after due verification.

This ensures the accuracy and proper management of the company's shareholding records, which is vital for smooth market operations and maintaining investor trust in the company's share management system.