Docon Technologies Private Limited has filed an updated disclosure under Regulation 31 of SEBI (SAST) Regulations, 2011, regarding the encumbrance on shares of Thyrocare Technologies Limited. The update follows a significant corporate action by API Holdings Limited involving the partial redemption of its Series 1 Non-Convertible Debentures.

Partial Redemption Details

API Holdings Limited executed a partial redemption of its Series 1 Non-Convertible Debentures aggregating to INR 1,200 million on March 30, 2026. The redemption was structured through a reduction in face value per debenture from INR 10,00,000 to INR 9,00,000.

Share Encumbrance Status

Despite the partial redemption, there has been no change in the number of encumbered shares of Thyrocare Technologies Limited held by Docon Technologies Private Limited. The encumbrance details remain as follows:

Updated Debenture Structure

Following the partial redemption, the Series 1 Debentures now comprise 12,000 unlisted, unrated, secured, redeemable, non-convertible debentures with a reduced face value of INR 9,00,000 per debenture, aggregating to a nominal value of INR 10,800 million.

Major Debenture Holders

The disclosure reveals the current composition of debenture holders following the redemption:

Regulatory Compliance

The updated disclosure was made to both the National Stock Exchange of India Limited and BSE Limited, along with Thyrocare Technologies Limited, in compliance with Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This follows previous disclosures made on September 24, 2025, November 11, 2025, and December 05, 2025.

The encumbrance on Docon's shares was created pursuant to a corporate guarantee extended by Docon Technologies Private Limited to secure the obligations of API Holdings Limited, its holding company, in respect of facilities availed through the issuance of the non-convertible debentures.

Thyrocare Technologies Limited has received a tax demand notice from the Income Tax Department, requiring the diagnostic services company to pay ₹2,02,82,260 for Assessment Year 2024-25. The company disclosed this development through a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Notice Details and Timeline

The Income Tax Department issued the Notice of Demand under Section 156 of the Income-tax Act, 1961, dated March 27, 2026. Thyrocare Technologies received this notice on March 28, 2026, from the Assessment Unit of the Income Tax Department.

Financial Impact Assessment

According to the company's disclosure, there is no material impact on the financials, operations, or other activities of Thyrocare Technologies, except for the amount mentioned in the notice. The financial exposure of ₹2,02,82,260 may become payable to the authorities only if the company's submissions are not accepted by the Income Tax Department.

Company's Response Strategy

Thyrocare Technologies has indicated that it considers the demand specified in the notice as litigative in nature. The company plans to contest the demand before the appropriate authorities within the stipulated timelines as provided under the law.

The company's planned actions include:

• Evaluating the matter thoroughly
• Submitting an appropriate response to the tax authorities
• Filing a reply or appeal before the appropriate authority within prescribed timelines
• Contesting the demand through proper legal channels

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also disseminated this information on its official website at investor.thyrocare.com to ensure transparency with stakeholders.

Brijesh Kumar, Company Secretary and Compliance Officer of Thyrocare Technologies Limited, signed the regulatory filing on March 29, 2026. The company has confirmed that no penalties, restrictions, or sanctions have been imposed as part of this communication, and no aberrations or non-compliances were specifically identified by the authorities in the notice.