Gujarat State Petronet Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The company submitted the certificate to both BSE Limited and National Stock Exchange of India Limited on 6th April, 2026, fulfilling its regulatory obligations.

Compliance Certificate Details

The certificate was issued by KFin Technologies Limited, the company's Registrar & Share Transfer Agent, confirming compliance with dematerialization requirements. The certification covers the period from 1st January, 2026 to 31st March, 2026, ensuring adherence to SEBI's depositories regulations.

Regulatory Compliance Requirements

The certificate confirms that during the specified period, the company has fulfilled several key regulatory requirements within the mandated 15-day timeframe from receipt of certificates from depository participants. These include:

• Confirmation of demat requests (approved/rejected)
• Verification that securities in certificates are listed on appropriate stock exchanges
• Proper mutilation and cancellation of security certificates after verification
• Substitution of depository names in the register of members for approved demat requests

Documentation and Authorization

The submission was authorized by Rajeshwari Sharma, Company Secretary of Gujarat State Petronet Limited, with digital signature authentication completed on 6th April, 2026. The certificate from KFin Technologies Limited was signed by D Suresh Babu, Sr. Manager, dated 4th April, 2026.

This quarterly compliance filing demonstrates Gujarat State Petronet Limited's commitment to maintaining regulatory compliance and transparency with market regulators and stock exchanges.

Gujarat State Petronet Limited has received an Income Tax assessment order under Section 143(3) read with Section 144B of the Income-Tax Act, 1961, for Assessment Year 2024-25 (FY 2023-24). The company informed stock exchanges about this development on March 23, 2026, in compliance with SEBI listing regulations.

Assessment Order Details

The scrutiny assessment order was issued by the Assessment Unit of the Income Tax Department under order number ITBA/AST/S/143(3)/2025-26/1087736929(1) dated March 23, 2026. The order was accompanied by a computation sheet and notice of demand under Section 156 of the Income-Tax Act.

Computational Error and Demand

While the Income Tax department accepted the company's returned income as assessed income without making any additions or disallowances, a significant error occurred in the computational part of the order. The tax computation sheet erroneously recorded the total income as Rs. 1683 crores instead of the correct figure of Rs. 1435 crores, which was both the returned and assessed income.

Company's Response and Expected Resolution

Gujarat State Petronet has clarified that this demand of Rs. 77.76 crores arose due to a mistake apparent on record by the tax department in its tax computation sheet. The company emphasized that no violation of law was committed on its part.

The company does not anticipate any material financial implications at this stage, given the clear computational error. Gujarat State Petronet plans to take appropriate remedial steps, including:

• Filing an application for rectification of the mistake
• Seeking a stay of demand before the Assessing Officer
• Pursuing resolution through proper legal channels

Management Outlook

The company expressed confidence that the erroneous demand will be nullified once the rectification application is processed by the Assessing Officer. This optimism is based on the clear discrepancy between the accepted income figure and the computational error in the tax department's records.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding this regulatory development.