Cosco (India) Limited has disclosed to stock exchanges regarding a substantial revision in minimum wages affecting its Haryana operations. The company filed this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on April 15, 2026.

Government Notification Details

The Haryana Government's Labour Department issued Notification No. 2/25/26-2 Lab dated April 9, 2026, implementing revised minimum wage rates across the state. The notification covers all employments and becomes effective from April 1, 2026.

Impact on Cosco Operations

Cosco (India) Limited operates a factory and production unit establishment in Gurugram, located in the State of Haryana. The significant wage revision will directly affect the company's manufacturing operations in this facility. The basic minimum rates of wages have been increased by around 35% from the earlier rates, representing a substantial cost escalation for employers in the region.

Financial Implications

While the company's management has acknowledged the wage revision and taken note of the government notification, the exact financial impact on operations remains under assessment. The company has stated that the financial implications are yet to be quantified, indicating that a detailed analysis of the cost impact is currently underway.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para B (7) of Part A of Schedule III of SEBI (Listing Obligation Disclosures Requirements) Regulations, 2015. Company Secretary and Compliance Officer Sudha Singh signed the notification, ensuring compliance with stock exchange disclosure requirements. The communication was addressed to the Deputy Manager (Listing) at BSE Limited's Corporate Relationship Department.

Cosco (India) Limited has fulfilled its quarterly regulatory compliance obligations by submitting the mandatory certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. The submission covers the quarter ended March 31, 2026, and was communicated to BSE Limited on April 6, 2026.

Regulatory Compliance Certificate Details

The certificate was issued by Skyline Financial Services Private Limited, which serves as the Registrar and Share Transfer Agent for Cosco (India) Limited. The compliance document, dated April 2, 2026, addresses the company's adherence to dematerialization requirements during Q4FY26.

Compliance Confirmation

Skyline Financial Services Private Limited confirmed two critical compliance aspects in their certificate:

• Securities Listing Verification: All securities comprised in the certificates have been properly listed on the stock exchange where the company's previously issued securities are already listed
• Certificate Processing: Physical certificates received for dematerialization have been duly verified, mutilated, and cancelled, with the depository name substituted in records as the registered owner within the mandated 15-day period

Regulatory Framework

Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 requires companies to submit quarterly certificates confirming proper handling of physical share certificates received for dematerialization. This regulatory requirement ensures transparency and proper record-keeping in the dematerialization process.

Corporate Communication

The submission was signed by Sudha Singh, Company Secretary and Compliance Officer of Cosco (India) Limited, and digitally authenticated on April 6, 2026. The certificate from the registrar was authorized by Parveen Sharma as the designated signatory for Skyline Financial Services Private Limited.