Ponni sugars erode Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling mandatory regulatory requirements under SEBI regulations. The certificate pertains to the quarter ended March 31, 2026, and demonstrates the company's adherence to depository and participant regulations.

Regulatory Compliance Filing

The company filed the certificate under Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018 on April 6, 2026. The submission was made simultaneously to both the National Stock Exchange of India Ltd and BSE Ltd, ensuring compliance across all trading platforms where the company's shares are listed.

Registrar Confirmation

Cameo Corporate Services Ltd, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on April 3, 2026. The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed and confirmed to the depositories.

Dematerialisation Process Compliance

The certificate validates several critical aspects of the dematerialisation process. Cameo Corporate Services confirmed that all security certificates received for dematerialisation were mutilated and cancelled after due verification by the depository participant. Additionally, the names of the depositories were substituted in the register of members as registered owners within the stipulated time limit.

Corporate Information

Ponni Sugars (Erode) Limited operates from its registered office at ESVIN House, No.13, Rajiv Gandhi Salai (OMR), Perungudi, Chennai 600 096. The company holds CIN L15422TN1996PLC037200 and maintains ISO 9001/14001/45001/50001 certifications, reflecting its commitment to quality and compliance standards.

This quarterly filing represents part of the company's ongoing regulatory obligations, ensuring transparency and proper governance in securities handling and depository operations. The timely submission demonstrates the company's commitment to maintaining compliance with SEBI regulations and stock exchange requirements.

Ponni Sugars (Erode) Limited has received a significant order from the Income Tax Department regarding transfer pricing adjustments, marking the latest development in ongoing tax proceedings related to inter-unit transactions between its sugar and co-generation segments.

Transfer Pricing Order Details

The company received an order dated March 27, 2026 from the Commissioner of Income Tax (Transfer Pricing) (CIT-TP), Chennai under section 263 of the Income Tax Act, 1961. This order specifically addresses the determination of Arm's Length Price (ALP) for inter-unit transfer of bagasse from the sugar unit to the eligible co-generation unit for Assessment Year 2021-22.

Scope of Revision

The CIT-TP has set aside the Transfer Pricing Officer's earlier order dated October 26, 2023 for AY 2021-22, but only on the specific issue of bagasse transfer pricing. The order directs the TPO to pass a fresh order after applying correct law and providing due opportunity of being heard to the assessee.

Company's Response and Legal Position

Ponni Sugars has expressed its disagreement with the transfer pricing methodology, stating that it is not legally tenable despite having material financial bearing. The company has announced its intention to take appropriate legal action to challenge the CIT-TP order.

Financial Implications

According to the company's disclosure, the transfer pricing issues would have multiple consequential impacts spanning several years. However, precise quantification of the financial impact, while acknowledged as material, is not possible at this juncture.

Previous Developments

This order follows an earlier communication dated January 29, 2026, where the company had informed about receiving an order dated January 28, 2026 from the Transfer Pricing Officer under section 92CA(3) for AY 2023-24. That order proposed adjustments for fuel cost and sale price of power in respect of transactions between sugar and co-generation segments.

Regulatory Compliance

The disclosure has been made under Regulation 30 of SEBI (LODR) Regulations, 2015, with detailed information provided as per Schedule III Part A requirements. The company has submitted the necessary documentation to both NSE and BSE exchanges as part of its compliance obligations.