Himatsingka Seide Submits Q4FY26 SEBI Compliance Certificate for Securities

1 min read     Updated on 10 Apr 2026, 06:46 AM
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Radhika SScanX News Team
AI Summary

Himatsingka Seide Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for Q4FY26, confirming adherence to dematerialization requirements. The company continues to operate a special window for physical securities transfer and dematerialisation until February 2027, following SEBI circular implementation.

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Himatsingka Seide Limited has published newspaper notifications in Business Standard (All Editions) and Vartha Bharathi (Bangalore Edition) on April 04, 2026, announcing the opening of a special window for transfer and dematerialisation of physical securities.

SEBI Circular Implementation

The company has implemented SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, by establishing a special window from February 05, 2026 to February 04, 2027. This initiative addresses the transfer and dematerialisation of physical securities purchased or sold before April 1, 2019, which were previously rejected or remain unprocessed.

Key Features of the Special Window

Parameter: Details
Window Period: February 05, 2026 to February 04, 2027
Applicable Securities: Physical shares purchased/sold before April 1, 2019
Issuance Format: Demat form only
Lock-in Period: One year from transfer date
Restrictions: No transfer, pledge, or lien-marking during lock-in

Q4FY26 Regulatory Compliance

On April 09, 2026, Himatsingka Seide Limited submitted its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was issued by KFin Technologies Limited, the company's Share Transfer Agent, confirming compliance with dematerialization and rematerialization requirements.

Compliance Details: Information
Regulation: SEBI (Depositories and Participants) Regulations 74(5)
Quarter: March 31, 2026
Certificate Date: April 03, 2026
Submission Date: April 09, 2026
Authorized Signatory: C Shobha Anand, Vice President, KFin Technologies

Regulatory Notifications

The certificates were submitted to both depositories - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). KFin Technologies Limited certified that details of securities dematerialized and rematerialized during the quarter have been furnished to all stock exchanges where the company's shares are listed.

Corporate Communication

Both notifications were signed by Bindu D., Company Secretary & Compliance Officer. The Q4FY26 compliance certificate was digitally signed on April 9, 2026, at 15:39:35 +05'30', while the special window notification was signed on April 4, 2026, at 17:01:59 +05'30'.

Company Information

Himatsingka Seide Limited operates from its registered office at No.4/1-2, Crescent Road, Bangalore – 560001, with CIN L17112KA1985PLC006647. The company can be contacted at +918022378000 or via email at hslblr@himatsingka.com .

Historical Stock Returns for Himatsingka Seide

1 Day5 Days1 Month6 Months1 Year5 Years
+2.97%+10.72%+4.38%-21.08%-33.69%-40.00%

How will the one-year lock-in period for dematerialized shares impact Himatsingka Seide's trading liquidity and stock price volatility?

What percentage of Himatsingka Seide's total shareholding consists of physical securities that could potentially be converted through this special window?

Will other textile companies follow similar SEBI compliance initiatives, and how might this trend affect the broader industry's capital structure?

Himatsingka Seide Receives ₹14.17 Crore Tax Demand Notice from Income Tax Department

1 min read     Updated on 02 Apr 2026, 06:23 AM
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AI Summary

Himatsingka Seide Limited disclosed receiving a ₹14.17 crore tax demand notice from the Income Tax Department, Kolkata, following an assessment order for AY 2023-24. The order includes ₹51.70 crore additions under Section 92CA(3) of the Income Tax Act. The company contests the additions as unjustified and plans to file an appeal, stating no immediate impact on operations or financials.

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Himatsingka Seide Limited has disclosed receiving a significant tax demand notice from the Income Tax Department following an assessment order for the assessment year 2023-24. The textile manufacturer announced this development through a regulatory filing under SEBI listing regulations on April 1, 2026.

Assessment Order Details

The Income Tax Department, Kolkata, passed an assessment order under Section 143(3) read with Section 144C(3) of the Income Tax Act, 1961. The company received the communication of this order on March 31, 2026, after filing its return of income within the due date for the assessment year 2023-24.

Parameter Details
Assessing Authority Income Tax Department, Kolkata
Assessment Year 2023-24
Order Received March 31, 2026
Legal Provision Section 143(3) read with Section 144C(3)

Financial Impact and Additions

The Assessing Officer has proposed substantial additions to the company's income, resulting in a significant tax demand. The assessment order includes specific monetary implications that affect the company's tax liability.

Financial Component Amount
Proposed Additions under Section 92CA(3) ₹51.70 crore
Tax Demand Notice Issued ₹14.17 crore

Company's Response and Next Steps

Himatsingka Seide has expressed disagreement with the assessment order, stating that the additions made by the Assessing Officer to the income are not justified. Consequently, the company considers the resultant tax demand as not payable and is preparing its legal response.

The company is in the process of filing an appeal against the assessment order. Management has indicated that there is no immediate impact on the company's financials, operations, or other activities due to this order, as they contest the validity of the demand.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated January 30, 2026, in making this announcement to the stock exchanges.

Historical Stock Returns for Himatsingka Seide

1 Day5 Days1 Month6 Months1 Year5 Years
+2.97%+10.72%+4.38%-21.08%-33.69%-40.00%

How might this tax dispute affect Himatsingka Seide's credit rating and ability to secure financing for future expansion plans?

What potential impact could a prolonged legal battle have on the company's cash flow and dividend policy over the next 2-3 years?

Will this transfer pricing scrutiny lead to increased regulatory oversight of other textile companies' international transactions?

More News on Himatsingka Seide

1 Year Returns:-33.69%