Globe Civil Projects Limited has fulfilled its quarterly regulatory compliance by submitting the mandatory Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended March 31, 2026. The submission was made to both the National Stock Exchange of India Limited and BSE Limited on April 08, 2026.

Regulatory Compliance Details

The certificate was issued by KFIN Technologies Limited, which serves as the Registrar and Share Transfer Agent for Globe Civil Projects Limited. The compliance documentation confirms that all required details regarding securities dematerialized and rematerialized during the quarter have been properly furnished to the stock exchanges.

Certificate Submission Process

Vineet Rattan, Company Secretary and Compliance Officer (Membership Number: F 11724), digitally signed and submitted the compliance certificate on behalf of Globe Civil Projects Limited. The submission was made simultaneously to both major Indian stock exchanges where the company's shares are listed.

Depository Services Confirmation

KFIN Technologies Limited issued separate certificates to both Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL) on April 01, 2026. These certificates were signed by Ganesh Chandra Patro, Deputy Vice President at KFIN Technologies Limited.

About the Regulation

Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 mandates that registrars and transfer agents must provide quarterly certificates confirming the proper reporting of dematerialization and rematerialization activities. This ensures transparency and compliance in the securities transfer process for listed companies.

The timely submission of this certificate demonstrates Globe Civil Projects Limited's commitment to maintaining regulatory compliance and transparency in its securities operations. The company continues to work with KFIN Technologies Limited to ensure all depositories and stock exchanges receive the required documentation as per SEBI guidelines.

Globe Civil Projects Limited has received an income tax demand notice of Rs 80,19,790 for Assessment Year 2018-19, the company disclosed in a regulatory filing on March 30, 2026. The notice was issued under section 156 of the Income Tax Act, 1961 by the Deputy Commissioner of Income Tax Central Circle-27, Delhi.

Tax Demand Details

The demand notice pertains to reassessment proceedings conducted under sections 147/148 of the Income Tax Act, 1961. The company received intimation of the order on March 29, 2026 at 08:03 PM, though the original order was dated March 27, 2026.

Company's Response Strategy

Globe Civil Projects stated it is analyzing the order and will take appropriate course of action, including filing an appeal before the Deputy Commissioner (Appeals) of Income Tax or Commissioner of Income Tax (Appeals)-29, New Delhi. The company emphasized that there is no material impact on its financials, operations, or other activities due to this penalty.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Sub-Para 20 of Para A of Part A of Schedule III. The company filed the disclosure on March 30, 2026, being the first working day after analyzing the order.

Financial Impact Assessment

While the potential impact is quantified at Rs 80,19,790, the company has clarified that this demand does not materially affect its financial position, operations, or other business activities. The final outcome will depend on the appeal process and subsequent proceedings with the income tax authorities.