Elecon engineering company Limited has filed its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The certificate was submitted to both BSE and NSE on April 5, 2026, confirming adherence to dematerialisation requirements.

Regulatory Filing Details

The certificate was submitted by Company Secretary and Compliance Officer Bharti Isarani to the listing departments of both stock exchanges. The filing pertains to compliance with SEBI (Depositories and Participants) Regulations, 2018, specifically under Regulation 74(5).

Registrar Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The registrar provided confirmation on April 3, 2026, through Senior Vice President Ashok Shetty, certifying compliance with dematerialisation procedures.

The registrar confirmed that securities received from depository participants during Q4FY26 were properly processed within prescribed timelines. All security certificates received for dematerialisation were verified, mutilated, and cancelled as per regulatory requirements.

Compliance Confirmation

The certificate confirms that Elecon Engineering Company maintained proper compliance with SEBI depositories regulations during the quarter. The registrar verified that all dematerialisation requests were processed appropriately and that the company's register of members was updated with depositories as registered owners within stipulated timeframes.

This quarterly filing demonstrates Elecon Engineering Company's ongoing commitment to regulatory compliance and proper maintenance of shareholder records in accordance with SEBI requirements.

Elecon engineering company Limited has paid a penalty of ₹11,98,800 under protest to resolve a GST-related dispute and obtain the release of a detained transport vehicle. The company disclosed this development to stock exchanges on 31st March, 2026, in compliance with SEBI listing regulations.

GST Penalty Details

The penalty was imposed by The Dy. Commissioner of State Tax, Enforcement, Div-8, Surat, following the detention of the company's transport vehicle. The detention occurred due to a mismatch of names in the ship-to consignment documentation.

Company's Response and Next Steps

Elecon Engineering has indicated that it will pursue legal remedies to recover the penalty amount. The company plans to file an appeal for refund against the order before the appropriate authority once it receives the formal order in Form GST MOV-09. Currently, the company has only received the release order in Form GST MOV-05 after making the penalty payment.

Financial and Operational Impact

The company has assessed that this GST matter will not have any material impact on its financial, operational, or other activities. Despite the penalty payment, Elecon Engineering expects its business operations to continue without significant disruption.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to inform stock exchanges about actions taken by regulatory or enforcement authorities. The company received the direction from the tax authority on 30th March, 2026, and promptly disclosed the matter to BSE and NSE the following day.