Flair Writing Industries Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission demonstrates the company's adherence to mandatory disclosure norms for listed entities.

Regulatory Compliance Status

The company submitted the certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates periodic confirmation regarding the dematerialisation status of shares and any rematerialisation requests received during the reporting period.

Share Dematerialisation Confirmation

MUFG Intime India Private Limited, serving as the company's Registrar and Transfer Agent, provided confirmation that Regulation 74(5) is not applicable to Flair Writing Industries Limited. The RTA stated that the entire holding of the company's shares are in dematerialised form, maintaining complete digital custody of securities.

The certificate specifically confirmed that no requests for rematerialisation were received from any shareholders during the quarter ended March 31, 2026. This indicates that all investors continue to hold their shares in electronic format through depository participants.

Stock Exchange Notifications

The compliance certificate was simultaneously submitted to both major Indian stock exchanges where the company's shares are listed:

• BSE Limited: Scrip Code 544030
• National Stock Exchange of India Limited: Symbol FLAIR

Additionally, copies were provided to both depositories - National Securities Depository Limited and Central Depository Services (India) Limited - ensuring comprehensive regulatory compliance across all relevant authorities.

Company Operations Overview

Flair Writing Industries Limited operates as an ISO 9001:2015, ISO 14001:2015, and SA 8000:2014 certified company with its registered office located in Mumbai. The company maintains multiple manufacturing units across different states including Maharashtra, Daman, Uttarakhand, and Gujarat, demonstrating its pan-India operational presence.

The quarterly compliance filing reflects the company's commitment to maintaining transparent corporate governance practices and adhering to all regulatory requirements mandated by securities market regulators.

Flair Writing Industries Limited has disclosed receiving a final order from tax authorities demanding Rs. 73.14 lakh in Input Tax Credit (ITC) along with penalties and interest. The company informed stock exchanges about this development under regulatory disclosure requirements on March 27, 2026.

GST Order Details

The Office of the Assistant Commissioner of CGST and Central Excise Division-X Mumbai East Commissionerate issued the order under Section 74 of the CGST Act, 2017. The demand pertains to ITC disallowances for the period from April 2019 to March 2020.

Background and Process

The company initially received a show cause notice under Section 74 of the CGST Act, 2017 on September 29, 2025. The original notice disallowed ITC aggregating to Rs. 1.46 crore, which included both tax of Rs. 73.14 lakh and penalty of Rs. 73.14 lakh.

Following the submission of documents and reply by the company, the final order was issued under Section 74 of the CGST Act, 2017 and MGST Act, 2017 read with Section 20 of the IGST Act, 2017. The order demands interest on the taxes payable in addition to the principal tax amount.

Company's Response Strategy

Flair Writing Industries has indicated its intention to challenge the order through the appellate process. The company stated it will file an appeal based on strong merits by submitting its reply and submissions before the relevant authorities.

The management has assessed that there will be no material impact on the company's financials, operations, or other activities pursuant to the order. Any financial impact will be limited to the extent of the liability specified in the order, comprising tax, interest, and penalty, subject to the outcome of the appeal process.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's earlier intimation dated September 30, 2025, regarding the initial show cause notice received from the tax authorities.

The company has fulfilled its obligation to inform both BSE Limited and National Stock Exchange of India Limited about this material development that could potentially impact stakeholder interests.