India Glycols Limited has submitted its second newspaper advertisement to stock exchanges regarding the special window for transfer and dematerialisation of physical shares. The company filed the submission on April 22, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Official Submission Details

The submission follows the company's earlier letter dated February 18, 2026, and relates to the special window established in accordance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The advertisement was published on April 22, 2026, in two newspapers to ensure wide reach among shareholders.

Special Window Framework

The special window remains open for physical shares purchased prior to April 1, 2019, providing shareholders with a one-year period from February 5, 2026, to February 4, 2027. This facility specifically assists shareholders who either had not lodged shares for transfer or had lodged them but faced rejection or return due to documentation deficiencies.

Eligibility and Lock-in Requirements

The company has established clear eligibility criteria for shareholders seeking to utilize this special window. All shares re-lodged during the special window period must be credited to the transferee only in demat mode and will be subject to a mandatory lock-in period of one year from the date of registration of transfer.

Submission Process

Eligible shareholders may submit their transfer requests along with original share certificates and requisite documents to either the Company's Registrar and Share Transfer Agent, M/s MCS Share Transfer Agent Limited at 178-180, D/SDC Shed, 3rd Floor, Okhla Industrial Area, Phase-I, New Delhi-110020, or directly to the Company Secretary at Plot No. 2-B, Sector-126, Noida-201304.

The document was digitally signed by Ankur Jain, Head (Legal) & Company Secretary, on April 22, 2026. For comprehensive details, shareholders can refer to the SEBI Circular available on the company's website at https://www.indiaglycols.com/shareholders-communication/ .

India Glycols Limited has received significant relief in its tax penalty appeal, with the appellate authority substantially reducing the penalty amount from Rs.7,20,570 to Rs.10,000. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI Listing Regulations on April 15, 2026.

Appellate Order Details

The Deputy Commissioner of State Tax, Appeal-4, (Mehsana) Gujarat passed the appellate order on April 15, 2026, addressing the company's appeal against the original penalty imposed on November 25, 2024. The appellate authority's decision provided substantial relief to the company by setting aside the majority of the penalty amount.

Background and Violation Details

The case originated from an order dated November 25, 2024, passed by the State Tax Officer (Mobile Squad, Amirgadh), which had imposed a penalty of Rs.7,20,570 on the company. The appellate authority found merit in the company's appeal and set aside this entire penalty amount.

However, the appellate authority identified a clerical mistake in the company's E-way bill documentation, specifically the non-disclosure of tax amount, which resulted in the imposition of a new penalty of Rs.10,000 (IGST).

Company's Strategic Decision

India Glycols Limited has taken a pragmatic approach regarding the reduced penalty amount. The company believes that the penalty of Rs.10,000 imposed for the clerical mistake is not valid. However, after considering the quantum of penalty amount versus the cost of litigation, the company has decided not to file an appeal against this order.

Financial Impact

The financial impact on the company has been significantly reduced from the original penalty amount:

This represents a reduction of over 98% from the original penalty amount, providing substantial financial relief to the company. The company has disclosed that the current penalty amount of Rs.10,000 will not have any material impact on its financial, operational, or other activities.