Madhusudan Securities Ltd - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Please find enclosed herewith a certificate received from M/s. MUFG Intime India Private Limited, RTA of Company under Regulation 74(5) of Securities and Exchange Board of India for the Quarter & Half-Year ended on 30th September, 2025