Navneet Education Limited has submitted its quarterly compliance certificate to the National Stock Exchange of India and Bombay Stock Exchange, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The company filed its 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 7, 2026, by Company Secretary Amit D. Buch (Membership No. A15239).

Certificate Confirmation

The certificate confirms that details of securities dematerialized during the quarter ended March 31, 2026 have been furnished to all stock exchanges where the company's shares are listed. This compliance ensures transparency in the dematerialization process and adherence to regulatory timelines.

Registrar Validation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Share Transfer Agent, provided confirmation of compliance on April 1, 2026. The registrar confirmed that:

• Securities received from depository participants for dematerialization were properly confirmed to depositories
• Security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members within prescribed timelines
• All securities comprised in certificates have been listed on relevant stock exchanges

Regulatory Significance

This quarterly filing represents standard regulatory compliance for listed companies, ensuring proper handling of dematerialized securities and maintaining transparency in share transfer processes. The submission demonstrates Navneet Education Limited's adherence to SEBI guidelines governing depositories and participants.

Navneet education Limited has received an Assessment Order from the Income Tax Department resulting in a tax demand of ₹5,67,29,210, according to a regulatory disclosure filed under SEBI Listing Regulations. The company emphasized that this demand arose due to calculation errors by the tax authorities rather than any actual violations or contraventions.

Assessment Order Details

The Income Tax Department issued the Assessment Order under Section 143(3) read with Section 144B of the Income Tax Act, 1961 for Assessment Year 2024-25. The company received the order on March 6, 2026, at 4:56 AM via email.

Nature of Tax Demand

Significantly, the company clarified that no additions or disallowances were made in the assessment order, indicating that the Income Tax Department found no substantive issues with the company's tax filings. The tax demand arose solely from calculation errors made by the department while computing income and tax liability.

Company's Response and Impact Assessment

Navneet Education Limited stated that the tax demand would have no impact on its financial position, operations, or other business activities. The company's management emphasized that since the demand was wrongly raised due to computational errors, it is rectifiable and appealable under the provisions of the Income Tax Act, 1961.

The company plans to exercise its legal rights and take appropriate corrective action to address the erroneous demand. This approach suggests confidence in resolving the matter through proper legal channels available under tax legislation.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with sub-para 20, Para A, Part A, Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This demonstrates the company's commitment to maintaining transparency with stakeholders regarding material developments that could potentially affect investor interests.