Protean e-gov technologies Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate was filed with both BSE and NSE on April 6, 2026, fulfilling regulatory requirements under the Securities and Exchange Board of India framework.

Regulatory Compliance Filing

The compliance certificate was submitted pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Maulesh Kantharia (FCS 9637) signed and filed the document with the stock exchanges.

Registrar Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Share Transfer Agent, provided the compliance confirmation. The registrar confirmed adherence to prescribed timelines for processing securities and maintaining proper records in the register of members.

Processing Activity Status

The registrar specifically noted that no dematerialisation or rematerialisation requests were received and processed during the quarter ended March 31, 2026. Despite the absence of such transactions, the certificate was issued upon the company's request to fulfill compliance obligations.

Corporate Details

The filing included complete corporate information for both exchanges, with BSE scrip code 544021 and NSE trading symbol PROTEAN. MUFG Intime India Private Limited operates from its registered address at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai, maintaining its role as the company's share transfer agent.

This routine compliance filing demonstrates the company's adherence to SEBI regulations governing depositories and participants, ensuring proper documentation and regulatory transparency for the concluded financial quarter.

Protean e-gov technologies Limited has disclosed receiving an Order-in-Appeal from the Commissioner (Appeals-II) of CGST & Central Excise, Mumbai, concerning a significant tax demand related to alleged excess Input Tax Credit (ITC) availment. The company made this disclosure under Regulation 30 of SEBI Listing Regulations on March 13, 2026.

Order Details and Financial Impact

The Order-in-Appeal pertains to the period from April 2020 to March 2021 and addresses the company's appeal filed on May 28, 2025. The tax authorities have raised substantial financial demands against the company for alleged GST compliance issues.

Nature of Alleged Violations

The tax demand stems from alleged excess availment of Input Tax Credit in GSTR 3B returns compared to the ITC available in GSTR 2A returns. The authorities have imposed the demand under Section 73 of the CGST Act, which deals with recovery of tax not paid or short paid or erroneously refunded.

The order includes multiple components of financial liability:

• Tax Demand: ₹6.28 crore for alleged excess ITC availment
• Interest: Applicable rates under Section 50 of CGST Act, 2017 and Maharashtra GST Act, 2017
• Penalty: ₹62.80 lakh under Section 73(9) of CGST Act and related provisions

Company's Response and Impact Assessment

Protean eGov Technologies has indicated that it is evaluating all available options, including filing an appeal against the current order. The company has assessed that it does not anticipate any material impact on its financials, operations, or other business activities from this development.

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information as required under SEBI Circular dated July 13, 2023.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about this development. This transparency ensures that investors and stakeholders are kept informed about significant regulatory matters that could potentially affect the company's operations or financial position.