Kokuyo Camlin Limited has filed its quarterly compliance certificate with stock exchanges, confirming adherence to SEBI regulations regarding dematerialization of securities for the quarter ended 31st March, 2026.

Regulatory Compliance Certificate

The company submitted its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 to both BSE Limited and National Stock Exchange of India Limited on 14th April, 2026. The certificate was signed by Vipul Bhoy, Company Secretary and Compliance Officer.

Dematerialization Process Confirmation

Based on the certificate received from MUFG Intime India Private Limited, the company's Registrar and Transfer Agent, Kokuyo Camlin confirmed that all securities received for dematerialization during the quarter were properly processed. The certificate states that securities were mutilated and cancelled after due verification, with the depository's name substituted in company records as the registered owner within stipulated timelines.

Registrar Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited) provided its confirmation certificate dated April 3, 2026. The registrar confirmed that:

• Securities received from depository participants were confirmed to depositories within prescribed timelines
• Security certificates were mutilated and cancelled after due verification
• Depositories' names were substituted in the register of members as registered owners
• All securities remain listed on stock exchanges where earlier issued securities are listed

Stock Exchange Communication

The certificate was submitted to both major Indian stock exchanges where the company's shares are listed. Kokuyo Camlin trades on BSE with scrip code 523207 and on NSE with the symbol KOKUYOCMLN. The company requested both exchanges to take this compliance information on record.

This quarterly filing demonstrates the company's continued adherence to SEBI's regulatory framework governing depositories and participants, ensuring proper handling of dematerialization processes during the quarter.

Kokuyo Camlin Limited has received significant relief in its income tax proceedings, with the Deputy Commissioner of Income Tax substantially reducing the company's tax demand for Assessment Year 2018-19. The company announced that the rectification order has brought down the demand from ₹162.97 crore to ₹34.05 crore, providing considerable financial respite to the stationery and art materials manufacturer while confirming its plans to appeal the remaining amount.

Tax Demand Rectification Details

The company disclosed to stock exchanges on April 02, 2026, that it received a rectification order dated March 30, 2026, from the Office of the Deputy Commissioner of Income Tax Circle 2(1)(1), Mumbai. This rectification came in response to the company's application following the initial reassessment order received on March 20, 2026.

Impact on Previous Assessment Orders

The rectification order has effectively modified the original assessment order dated April 16, 2021, which had determined a demand of ₹20.26 crore under Section 143(3) for the same assessment year. The revised computation shows an incremental tax liability of ₹3.05 crore (₹30,538,227) compared to the original tax demand, with additional interest recomputed up to the current date.

Legal Framework and Charges

The rectification order was issued under Section 154 read with Section 147 of the Income-tax Act, 1961. The demand includes:

• Interest charges under Section 234B of the Income Tax Act
• Interest charges under Section 234C of the Income Tax Act
• Interest charges under Section 234D of the Income Tax Act
• Interest charges under Section 220(2) of the Income Tax Act

Company's Response and Appeal Strategy

Kokuyo Camlin has confirmed its intention to challenge the rectified order through appropriate legal channels. The company stated that based on its preliminary assessment, the rectified order remains appealable with strong grounds for contestation. The company is already pursuing an appeal against the original assessment order dated April 16, 2021, for the same assessment year.

The management plans to take appropriate legal recourse, including filing an appeal on additional grounds related to differences arising from the reassessment and rectification orders before the appropriate appellate authority. Despite the ongoing tax proceedings, the company does not expect any material impact on its financial position or operations at this stage.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding material developments affecting the company. The communication was signed by Vipul Bhoy, Company Secretary & Compliance Officer, maintaining proper corporate governance protocols.