Horizon Industrial Parks Limited — Certificate under SEBI (Depositories and Participants) Regulations, 2018

Horizon Industrial Parks Limited has informed stock exchanges that it has received a certificate under SEBI Regulation 74(5). This regulation mandates that a company must obtain a certificate from a depository participant before issuing shares to the public. The certificate confirms that the company has complied with all necessary regulations regarding share issuance and that the shares are eligible for dematerialization.

For investors, this is a procedural milestone that signals the company's readiness to finalize its share allotment process. It indicates that the company has met the regulatory requirements for listing and trading its shares on the stock market. This step is crucial for ensuring that the shares can be transferred electronically without any legal or technical hurdles.

Investors should monitor the company's official announcements for the next steps, which typically include the finalization of the share allotment and the announcement of the listing date. This certificate removes a significant regulatory hurdle, bringing the company closer to becoming a publicly traded entity.