Gillanders arbuthnot and Company Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated 4th April, 2026, covers the quarter ended 31st March, 2026.

Regulatory Compliance Filing

The company submitted the compliance certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both National Stock Exchange of India Ltd. and BSE Limited. The certificate was issued by Maheshwari Datamatics Pvt. Ltd., which serves as the company's Registrar & Share Transfer Agent.

Certificate Confirmation

Maheshwari Datamatics Pvt. Ltd. confirmed in their certificate dated 2nd April, 2026, that they have sent the Demat Transfer Register for the period 1st January, 2026 to 31st March, 2026 to the depositories and all stock exchanges where the company's shares are listed. The registrar also confirmed the proper destruction, mutilation, and cancellation of all securities received from Depository Participants after dematerialisation within the stipulated timeframe.

Stakeholder Communication

The compliance certificate was filed by Neha Singh, Company Secretary and Compliance Officer of Gillanders Arbuthnot and Company Limited. Copies of the submission were also sent to National Securities Depository Ltd. and Central Depository Services (India) Ltd., ensuring comprehensive regulatory communication across all relevant depositories and market infrastructure institutions.

Gillanders Arbuthnot and Company Limited has submitted a revised disclosure regarding the income tax demand notice of ₹1,24,85,560 for assessment year 2017-18, following BSE's request for additional details. The company filed the revised disclosure on 2nd April, 2026, incorporating requisite compliance details as per SEBI Master Circular dated 11th November, 2024.

Original Tax Demand Details

The income tax demand notice was originally received on 27th March, 2026 (after working hours), issued by the Assessment Unit of the Income Tax Department under section 156 of the Income Tax Act, 1961. The company had initially disclosed this development on 30th March, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance and Disclosure Timeline

BSE Limited sought additional details regarding the corporate announcement submitted on 30th March, 2026, prompting the company to file a comprehensive revised disclosure. The revised submission includes all requisite details as mandated under applicable regulations, demonstrating the company's commitment to regulatory compliance.

Financial Impact and Company's Position

The company maintains that there is no material impact on its financials, operations, or other activities, except for the aforementioned amount which may become payable if the company's submissions are not accepted. The financial exposure of ₹1,24,85,560 represents liability as determined by the Income Tax Department.

Gillanders Arbuthnot emphasized that the demand specified in the notice is litigative and will be contested before the relevant authority within the stipulated timeline. The company considers the demand not tenable and does not expect any material financial outflow on this account.

Reason for Delay and Future Compliance

In the revised disclosure, the company acknowledged that it "inadvertently overlooked disclosing the Notice within the prescribed timeline." However, the company assured stakeholders of its commitment to preventing such unintended delays in the future and maintaining full compliance with applicable laws.

The disclosure was signed by Neha Singh, Company Secretary and Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited as part of regulatory obligations.