Craftsman Automation Submits SEBI Compliance Certificate for Q4FY26

1 min read     Updated on 06 Apr 2026, 09:06 PM
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Craftsman Automation Limited submitted its SEBI Regulation 74(5) compliance certificate for Q4FY26 ended March 31, 2026, through RTA MUFG Intime India Private Limited. The submission was made to National Securities Depository Limited and Central Depository Services on April 6, 2026, with copies to BSE and NSE. The certificate confirms proper processing of dematerialisation requests and compliance with prescribed regulatory timelines during the quarter.

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Craftsman automation Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The certificate was filed with the depositories on April 6, 2026, through the company's Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited.

Regulatory Compliance Submission

The certificate submission fulfills the requirements under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Shainshad Aduvanni signed and submitted the documentation to both major depositories in India.

Parameter: Details
Quarter Period: March 31, 2026
Submission Date: April 6, 2026
RTA: MUFG Intime India Private Limited
Signatory: Shainshad Aduvanni, Company Secretary

Depositories and Stock Exchanges Notified

The certificate was submitted to National Securities Depository Limited and Central Depository Services (India) Limited. Additionally, copies were provided to the listing departments of both stock exchanges where the company's shares are traded.

Recipients of the submission:

  • National Securities Depository Limited, Mumbai
  • Central Depository Services (India) Limited, Mumbai
  • BSE Limited (Scrip Code: 543276)
  • National Stock Exchange of India Limited (Stock Code: CRAFTSMAN)

RTA Confirmation Details

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, issued the confirmation certificate dated April 4, 2026. The RTA confirmed that securities received from depository participants for dematerialisation during Q4FY26 were properly processed within prescribed timelines.

Compliance Aspect: Status
Dematerialisation Confirmation: Completed
Securities Listing: Confirmed on existing exchanges
Certificate Processing: Within prescribed timelines
Register of Members: Updated with depository names

Certificate Validation

The RTA confirmed that all security certificates received for dematerialisation were properly verified, mutilated, and cancelled after due verification by depository participants. The register of members was updated to substitute the names of the depositories as registered owners within the prescribed regulatory timelines, ensuring full compliance with SEBI regulations.

Historical Stock Returns for Craftsman Automation

1 Day5 Days1 Month6 Months1 Year5 Years
+0.29%+9.44%+1.96%+12.76%+73.17%+414.26%

How might the transition from Link Intime to MUFG Intime as RTA impact Craftsman Automation's shareholder services and operational efficiency?

What factors could influence Craftsman Automation's dematerialization rates and investor participation in upcoming quarters?

Will Craftsman Automation consider listing on additional stock exchanges to improve liquidity and market reach?

Craftsman Automation Receives CGST Order with Tax Demand of ₹11.07 Lakh for FY 2019-20

1 min read     Updated on 01 Apr 2026, 05:24 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Craftsman Automation Limited has received a CGST order dated 30th March, 2026, from CGST Faridabad demanding ₹11,07,211/- in tax plus ₹40,74,968/- in interest for alleged inadmissible Input Tax Credit violations in FY 2019-20. The company plans to appeal the order and expects no material impact on operations.

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Craftsman Automation Limited has informed stock exchanges about receiving a Central Goods and Services Tax (CGST) order with significant tax demands for Financial Year 2019-20. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CGST Order Details

The Office of the Deputy Commissioner (DC), Division-West, CGST Faridabad has passed an order dated 30th March, 2026, under Section 74 of the Central Goods and Services Tax Act, 2017. The order pertains to alleged violations during the Financial Year 2019-20.

Parameter: Details
Issuing Authority: Deputy Commissioner (DC), Division-West, CGST Faridabad
Order Date: 30th March, 2026
Applicable Period: Financial Year 2019-20
Legal Provision: Section 74 of CGST Act, 2017

Financial Implications

The CGST order includes multiple components of financial demands against the company:

Demand Component: Amount (₹)
Tax Demand: 11,07,211/-
Interest on Tax: 40,74,968/-
Penalty: Equivalent to tax amount
Total Monetary Impact: 51,82,179/- (excluding penalty)

The tax demand of ₹11,07,211/- relates to purported inadmissible Input Tax Credit (ITC), along with applicable interest and a penalty equivalent to the tax amount. The additional interest demand of ₹40,74,968/- concerns alleged wrongful availment and utilization of ITC during the specified financial year.

Company's Response Strategy

Craftsman Automation is currently evaluating the implications of the CGST order and preparing its legal response. The company has indicated its intention to take appropriate steps, including filing an appeal against the order as deemed necessary.

The management believes that the demand is not sustainable and plans to pursue appropriate legal recourse. The company has stated that it does not foresee any material impact on its financial, operational, or other activities due to this order.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015. The company has provided comprehensive details as required under the regulatory framework, including the SEBI Master Circular issued on 11th July, 2023, and updated on 30th January, 2026.

Historical Stock Returns for Craftsman Automation

1 Day5 Days1 Month6 Months1 Year5 Years
+0.29%+9.44%+1.96%+12.76%+73.17%+414.26%

How might this CGST dispute affect Craftsman Automation's future tax compliance costs and internal audit processes?

Could this tax order signal broader GST scrutiny for the automotive components sector that Craftsman operates in?

What impact might prolonged legal proceedings have on the company's cash flow and working capital management?

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1 Year Returns:+73.17%