OCCL Limited has submitted its mandatory compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The filing demonstrates the company's adherence to regulatory requirements governing the handling of dematerialized securities.

Regulatory Compliance Filing

The company filed the certificate on April 08, 2026, with both major stock exchanges where its shares are listed. The submission included the compliance certificate dated April 02, 2026, issued by MUFG Intime (India) Pvt. Ltd., which serves as the company's Registrar and Share Transfer Agent.

Stock Exchange Submissions

The compliance certificate was submitted to both BSE Limited and National Stock Exchange of India Limited, where OCCL Limited's shares are actively traded. The company maintains its listing presence on both exchanges under specific scrip codes.

Certificate Confirmation Details

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed. The registrar verified that securities were confirmed or rejected to depositories within prescribed timelines and that all procedural requirements were met.

Corporate Information

OCCL Limited operates from its registered office in Mundra, Gujarat, and maintains corporate offices in Noida, Uttar Pradesh. The company runs manufacturing facilities in Haryana and Gujarat, including operations within the Mundra Special Economic Zone. The compliance filing was signed by Pranab Kumar Maity, Company Secretary and GM-Legal, ensuring proper authorization and documentation of the regulatory submission.

OCCL Limited has successfully initiated an anti-dumping duty absorption review with the Directorate General of Trade Remedies (DGTR) concerning imports of Insoluble Sulphur from China PR. The company filed the application alleging that existing anti-dumping duties have been rendered ineffective due to absorption practices by Chinese exporters.

Regulatory Disclosure and Case Details

The company disclosed this development to stock exchanges on 24 March 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The DGTR issued an initiation notification dated 20 March 2026 under Case No. AD (AA)-02/2026, which was notified in the e-Gazette on 24 March 2026.

Background of Anti-Dumping Measures

The original anti-dumping investigation concerning Insoluble Sulphur imports from China PR and Japan was initiated on 27 March 2024. Following the investigation, the Authority recommended imposing anti-dumping duties for five years through final findings dated 7 March 2025. The Ministry of Finance subsequently implemented these duties on 6 June 2025, scheduled to remain effective until 6 June 2030.

Product Specifications and Market Position

Insoluble Sulphur is a polymeric sulphur insoluble in carbon disulphide, primarily used as a vulcanization agent in rubber applications to prevent blooming phenomenon. The product serves as a crucial rubber additive agent, improving quality, wearability, and resistance to fatigue and aging. In India, over 90% of total Insoluble Sulphur consumption occurs in the tyre industry, with the remainder used in non-tyre applications.

OCCL Limited claims to be the sole domestic producer of Insoluble Sulphur in India, constituting the entire domestic industry within the regulatory framework. The company has certified that it neither imports the subject goods nor maintains relationships with exporters from China or importers in India.

Absorption Review Grounds and Timeline

The company alleges that export prices of Insoluble Sulphur from China have significantly declined during the current absorption investigation period compared to the original investigation period. Despite increased raw material and utility costs leading to higher production expenses, export prices from China to India have actually decreased, suggesting duty absorption practices.

Key Timeline Events:

• 27 March 2024: Original investigation initiated
• 7 March 2025: Final findings issued
• 6 June 2025: Anti-dumping duties imposed
• December 2025: Absorption review application filed
• 20 March 2026: Review investigation initiated

Investigation Scope and Procedure

The review investigation will examine whether declining export prices from China result from reduced production costs or duty absorption practices. The Authority will compare prices during the absorption period (July 2025 to December 2025) with the original investigation period. The scope remains confined to determining dumping margin and injury margin recalculation.

Interested parties must register on the SETU Portal and submit information within 37 days of the non-confidential application circulation. The Authority may recommend provisional assessment of all imports until review completion and potential modifications to duty quantum or structure based on findings.

Company Impact Assessment

OCCL Limited stated that the notification has no immediate material impact on the company's financial or operational performance. The company will actively participate in review proceedings and take appropriate steps to safeguard its interests, keeping stock exchanges informed of material developments.