City Online Services has announced compliance for the quarter ending June 30 with rules governing the handling of dematerialized shares.

The company confirmed that all shares received for dematerialization during this period were duly processed, accepted by depositories, and listed on the stock exchange.

Physical certificates were verified, cancelled, and depositories were updated in the register of members as registered owners within 30 days.

This ensures proper record-keeping and smooth operations for share transfers, benefiting shareholders by maintaining integrity in their electronic holdings.