Kesoram industries Limited has fulfilled its quarterly regulatory obligations 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 on April 4, 2026, to BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited.

Regulatory Compliance Details

The certificate was issued by MCS Share Transfer Agent Limited, which serves as the company's Registrar and Share Transfer Agent (RTA). This quarterly submission is a mandatory requirement under SEBI regulations to ensure proper compliance with dematerialisation processes.

Dematerialisation Compliance Confirmation

MCS Share Transfer Agent Limited has provided comprehensive confirmation of compliance with dematerialisation requirements. The registrar confirmed that the Demat Transfer Register for the period from January 1, 2026 to March 31, 2026 has been properly transmitted to the relevant depositories and all stock exchanges where Kesoram Industries' shares are listed.

The compliance certificate also confirms that all securities received from Depository Participants after dematerialisation have been destroyed, mutilated, or cancelled within the stipulated timeframe as required by regulations.

Stock Exchange Notifications

The certificate has been submitted to three major stock exchanges where Kesoram Industries' shares are traded:

• BSE Limited (Scrip Code: 502937)
• National Stock Exchange of India Limited (Symbol: KESORAMIND)
• The Calcutta Stock Exchange Limited (Scrip Code: 10000020)

Corporate Governance

The submission was signed by Snehaa Shaw, Company Secretary & Compliance Officer of Kesoram Industries Limited, demonstrating the company's commitment to maintaining proper corporate governance standards and regulatory compliance. This quarterly certification process ensures transparency in the dematerialisation of securities and adherence to SEBI's regulatory framework for depositories and participants.

Kesoram Industries Limited has informed stock exchanges about receiving an Income Tax Assessment Order with a substantial demand of ₹70.54 crores for Assessment Year 2024-25. The disclosure was made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Assessment Order Details

The company received the Income Tax Assessment Order on March 31, 2026, from the Assessment Unit of the Income Tax Department. The order was issued under section 143(3) read with section 144B of the Income Tax Act, 1961.

Nature of Tax Demand

According to the company's disclosure, the tax authorities have made certain additions and disallowed specific deductions that were claimed in the Income Tax Return for AY 2024-25. The assessment covers the financial year 2023-24, with the demand arising from disagreements between the company and tax authorities regarding allowable deductions and taxable income calculations.

Company's Response and Expected Impact

Kesoram Industries has expressed confidence in challenging the assessment order, stating that the additions and disallowances made are prima facie erroneous. The company believes it has strong factual and legal grounds to nullify the entire demand and does not expect any impact on its financial operations.

Legal Action Plan

The company is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), or a Writ Petition before the Hon'ble High Court, as deemed appropriate, within the prescribed timelines. Additionally, Kesoram Industries intends to file a rectification application to address the assessment order.

This development represents a significant regulatory matter for the company, though management remains confident about successfully contesting the demand through appropriate legal channels. The disclosure ensures transparency with stakeholders regarding potential tax-related contingencies while the appeal process is underway.