Electrotherm (India) Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI's depositories regulations. The company submitted the confirmation certificate for the quarter ended March 31, 2026, demonstrating adherence to securities handling and dematerialisation protocols.

Regulatory Compliance Filing

The company filed the confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 with both BSE Limited and National Stock Exchange of India Limited on April 7, 2026. Company Secretary and Compliance Officer Fageshkumar R. Soni signed the submission, ensuring proper documentation of the regulatory filing.

Registrar and Transfer Agent Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as Electrotherm's Registrar and Transfer Agent. The registrar issued the confirmation certificate on April 1, 2026, validating the company's compliance with dematerialisation requirements during the quarter.

The certificate confirms that securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed. MUFG Intime verified that all securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are traded.

Dematerialisation Process Compliance

The registrar confirmed adherence to prescribed timelines and procedures for securities handling. Key compliance areas covered include:

• Proper confirmation and processing of securities received for dematerialisation
• Mutilation and cancellation of security certificates after due verification
• Substitution of depository names in the register of members as registered owners
• Completion of all processes within prescribed regulatory timelines

Corporate Information

Electrotherm (India) Limited operates from its head office and works located at Survey No. 72, Palodia, Gujarat. The company maintains its registered office at 502, Parshwa Tower, Bodakdev, Ahmedabad, with CIN L29249GJ1986PLC009126. The filing represents routine quarterly compliance with SEBI regulations governing depositories and participant operations.

Electrotherm (India) Limited has informed stock exchanges about receiving a significant income tax demand notice from the Deputy Commissioner of Income Tax, Ahmedabad. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Income Tax Assessment Details

The Income Tax Department has issued an Assessment Order under Section 147 and a Demand Notice under Section 156 of the Income Tax Act, 1961, for assessment year 2019-20. The company downloaded these documents from the Income Tax Portal on March 31, 2026, though no official email was received from the Income Tax Department.

Company's Response Strategy

Electrotherm management has outlined its approach to address the tax demand:

• The company will seek legal advice to file an appeal with the Income Tax Department against the assessment order
• Based on the company's own assessment and legal advice received, management remains confident about the situation
• At this stage, management believes there will be no impact on the company's financials, operations, or other activities

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI LODR Regulations, 2015, and follows the requirements outlined in SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The communication was signed by Shailesh Bhandari, Executive Vice Chairman (DIN: 00058866), and submitted to both BSE Limited and National Stock Exchange of India Limited.

Key Timeline

The company has emphasized that while the demand notice represents a significant amount, it plans to contest the assessment through proper legal channels and does not anticipate any immediate operational or financial disruption.