Adani ports & sez has fulfilled its regulatory obligations by submitting the mandatory confirmation certificate under SEBI Depositories Regulations for the quarter ended March 31, 2026. The filing, dated April 4, 2026, was submitted to both BSE Limited and National Stock Exchange of India Limited as part of the company's compliance requirements.

Regulatory Compliance Certificate

The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the company's Registrar and Share Transfer Agent. This document confirms compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Certificate Confirmation Details

MUFG Intime India Private Limited confirmed that all securities received from depository participants for dematerialisation during Q4 FY26 were properly processed. The registrar verified that:

• All securities received for dematerialisation were confirmed or rejected to depositories within prescribed timelines
• Security certificates comprised in dematerialisation requests have been listed on stock exchanges where existing securities are traded
• Physical security certificates received were mutilated and cancelled after proper verification
• Depository names were substituted in the register of members as registered owners

Corporate Information

The filing was signed by Kamlesh Bhagia, Company Secretary of Adani Ports and Special Economic Zone Limited. The certificate from the registrar was signed by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited.

Stock Exchange Communication

The company submitted this compliance certificate to both major Indian stock exchanges where its shares are listed, ensuring transparency and regulatory adherence across all trading platforms where the company's securities are available to investors.

The Finance Ministry has issued a notification announcing a substantial reduction in customs duty for goods manufactured in Special Economic Zones (SEZs) that are sold within India. However, official sources have confirmed that petroleum and food products have been removed from the concessional SEZ scheme, creating sector-specific limitations to the policy benefits.

New Duty Structure with Exclusions

Under the revised framework, customs duty on SEZ goods sold domestically has been reduced to a range of 5% to 12.5%. This represents a considerable decrease from the previous duty structure, making SEZ-manufactured products more competitive when sold in the Indian market. However, the exclusion of petroleum and food products significantly limits the scope of benefits for companies operating in these sectors.

Impact on Major Companies

The exclusion of petroleum products from the concessional scheme particularly affects major companies like Reliance Industries , which operates significant petroleum refining and petrochemical facilities within SEZs. This sector-specific exclusion means that companies in the petroleum and food processing industries will not benefit from the reduced customs duty structure when selling their SEZ-manufactured products domestically.

Policy Duration and Implications

The Finance Ministry has specified that this reduced duty structure will remain in effect for one year. This time-bound implementation suggests the government is testing the impact of lower duties on SEZ performance and domestic market dynamics before considering permanent changes to the duty structure. The selective exclusion of petroleum and food products indicates a targeted approach to the policy implementation.

The notification comes as part of ongoing efforts to enhance the attractiveness of SEZs and support manufacturing activities within these designated zones. While the policy aims to provide SEZ units with greater flexibility in their market strategies, the sector-specific exclusions create a differentiated impact across industries.