HBG Hotels Limited confirmed that all shares submitted for dematerialization during the quarter ending December 31 were correctly processed.

The company's Registrar and Transfer Agent confirmed securities to depositories, ensured they are listed on exchanges, and cancelled physical certificates after verification.

The names of depositories were also updated in the register of members as registered owners within the specified timeframe.

This update assures investors of proper digital record-keeping and processing of their shareholdings.