Delta corp Limited has filed its mandatory quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI's depositories regulations. The gaming and hospitality company submitted the certificate on April 3, 2026, covering the quarter ended March 31, 2026.

Regulatory Compliance Filing

The certificate was filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, with both the National Stock Exchange of India Limited and BSE Limited. Company Secretary and Vice President-Secretarial Dilip Vaidya signed the submission on behalf of Delta Corp Limited.

Registrar Confirmation

Purva Sharegistry India Private Limited, serving as the company's registrar and share transfer agent, provided the compliance certificate. The SEBI-registered entity (Registration No. INR000001112) confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed.

The registrar's certificate, signed by Compliance Officer Ms. Deepali Gaonkar, confirms several key compliance aspects:

• Securities received for dematerialisation were confirmed or rejected to depositories within prescribed timelines
• Physical security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All securities are listed on stock exchanges where earlier issued securities are traded

Corporate Information

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in share transfer and dematerialisation processes. The certificate submission maintains Delta Corp's adherence to SEBI's depositories regulations and provides assurance to stakeholders regarding proper handling of securities transactions during the quarter.

Delta Corp Limited and its subsidiary have received significant GST notices from Goa tax authorities, marking another chapter in the ongoing taxation disputes facing India's casino industry. The notices, dated March 17, 2026, pertain to Financial Year 2022-23 and allege substantial tax shortfalls.

GST Notice Details

The Office of the Commissioner of Commercial Taxes, Government of Goa has issued notices under Section 74(1) of the CGST Act, 2017 and Goa GST Act, 2017 to both Delta Corp Limited and its subsidiary. The financial impact of these notices is substantial:

Core Dispute: Gross Bet Value vs Gaming Revenue

The notices allege short payment of GST based on the estimated gross bet value of all games played at the casinos during the relevant period. This represents a fundamental disagreement over the tax base for casino operations. The demand for GST on gross bet value, rather than gross gaming revenue, has emerged as a significant industry-wide issue affecting multiple casino operators.

Various representations have been made to the Government at an industry level to address this taxation methodology, highlighting the broader implications beyond individual companies.

Legal Precedent and Supreme Court Stay

Delta Corp and its subsidiary have previously challenged similar demands for the period from July 2017 to March 2022. Significantly, the Hon'ble Supreme Court of India has stayed further proceedings of all impugned notices for this earlier period until the final disposal of the petitions before it.

This Supreme Court intervention provides important legal context for the current notices, as it demonstrates the judicial system's recognition of the complexity and significance of these taxation disputes.

Company's Legal Response

Delta Corp has received legal advice characterizing the notices and tax demands as arbitrary and contrary to law. The company has announced its intention to pursue all available legal remedies to challenge the tax demands and related proceedings.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding this material development.