Megastar Foods Limited has issued a revised disclosure under Regulation 30 of the SEBI Listing Regulations to correct an unintentional error in the amounts mentioned in its previous announcement regarding a notice from Market Committee, Rupnagar. The company filed the corrected disclosure on April 15, 2026, addressing alleged non-payment of regulatory fees.

Correction of Fee Amounts

The revised disclosure pertains to correction of amounts in the Market Committee Fee and RDF Fee raised in the notice. The company clarified that the original disclosure incorrectly stated the amounts as Rs. 36,568,59,110/- instead of the correct amount of Rs. 36,68,59,110/- for both fees.

Notice Details and Timeline

The Market Committee, Rupnagar issued the notice dated April 9, 2026, which was received by the company on April 13, 2026. The notice alleges violations related to licensing requirements and consequent fee payments. The original disclosure under Regulation 30 was filed within the prescribed time period on April 14, 2026.

Company's Legal Position Remains Unchanged

Despite the correction in amounts, Megastar Foods maintains its original position regarding the notice. The company's assessment reveals:

Regulatory Compliance and Response Strategy

The company continues to emphasize its compliance with applicable statutes and has outlined its response approach. As per prevalent state laws, market fee and RDF are not applicable to processing units in Punjab, and Megastar Foods Limited, being a processing unit, claims exemption from such payments.

• Planned Action: Approaching Punjab State Agricultural Marketing Board to address the matter
• Legal Recourse: Company plans to pursue appropriate legal measures
• Expected Impact: No immediate financial impact anticipated
• Future Impact: Depends on adjudication proceedings outcome

The corrected disclosure maintains that the company is hopeful of a favourable outcome based on its existing licensing arrangements and legal position regarding processing unit exemptions under Punjab state laws.

Megastar Foods Limited has filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The food processing company submitted the mandatory documentation to both major Indian stock exchanges on April 06, 2026.

Regulatory Compliance Filing

The company filed the certificate pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. The submission was made to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed.

RTA Confirmation Certificate

Skyline Financial Services Private Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate dated April 04, 2026. The RTA provided specific confirmation regarding the dematerialization activities during the quarter.

According to the certificate, no securities were received for dematerialization during the quarter ended March 31, 2026. This development rendered the issuance of a certificate under Regulation 74(5) not applicable for this particular quarter.

Key Compliance Points

The RTA's certificate highlighted two important compliance aspects:

• No securities were processed for dematerialization during Q4FY26
• All currently dematerialized securities remain properly listed on the stock exchange

The certificate was signed by Parveen Sharma as the authorized signatory for Skyline Financial Services Private Limited. Company Secretary and Compliance Officer Deepali Chhabra submitted the filing on behalf of Megastar Foods Limited.

Company Information

Megastar Foods Limited operates from its registered office in Chandigarh's Industrial Area Phase-II, with manufacturing facilities located in Village Solkhian, Punjab. The company maintains its corporate compliance through regular filings with stock exchanges and regulatory authorities.